Cega

Cega is creating heavy exotic option strategies, which will combine baskets of options with exotic characteristics such as barriers and correlation to structure a retail-focused solution. Cega’s entry point is the retail market by creating an attractive investment opportunity focused on a higher yielding but safer solution.

Cega’s products are attractive positions for market makers. Market makers will have both cheap protection against downside as well as an upside position that provides liquidity for existing option vault strategies in the market.

In the long term, Cega aims to list the solutions on secondary markets, increase product offering to non-crypto markets, and to expand staking capability to cross-chain tokens. Cega also looks to experiment with community-driven structure solutions, pricing models, and hedging solutions. Cega will also create data availability of path-dependent pricing models to expand the DeFi derivatives ecosystem.

Cega is building a structured note, which is a product that behaves like a bond with underlying option baskets. Users are guaranteed daily fixed coupons, with a high yield generated through a put selling strategy. The product includes barriers to mitigate loss; users are less likely to get exposed to the loss of principal stake and more likely to gain compounded interest.

Cega’s revenue source will be from two things: fee on trade and spread. Governance token will be a backstop for the insurance fund, fees and revenue will go to the gov token holders.

The on-chain contract will be simple, it will explain the payout profile between two addresses.

Cega is founded upon four key user insights.

Cega is founded upon four key user insights:

(1) Users have observed that yields are declining in the market as institutional players come in

(2) Users feel that existing consumer-facing option products lack in strategic diversity

(3) Users feel that crypto project UX can be difficult to navigate

(4) Users want to ape and achieve the above without getting rugged.