Cega Fi

What is Cega

Cega is a decentralized derivatives protocol, designed especially for options structured products and exotic pairs intended for individual investors. Cega is creating novel derivatives of DeFi.

With Cega users can earn large fixed rates ranging from 12% to 100%+ APY from their stablecoins like ETH, stETH, WBTC, etc. Cega was the pioneer in launching on-chain derivatives methods, which are now widely used in TradFi and provide investor portfolios with diversification, principle protection, and yield increase.

Cega Pools Options

At now, Cega is available on Ethereum, Solana, and Arbitrum. On the Cega platform, users send money to several pools, creating liquidity similar to that of selling a put option. Accredited market makers purchase these options in order to hedge risks by charging depositors a premium. Within a certain range of asset depreciation, users can also profit from risk protection.

At the moment Cega offers three official products: Leverage Option Pool (LO), Bond Option Pool (BO), and Pure Option Pool (PO). Users of the protocol are charged two different kinds of fees: management and performance. There is a 15% performance fee when users make income. Additionally, each year, the management charge is equal to 2% of the total deposits. Let’s now take a closer look at the three available depositing options.

Pure Option Pool
Users deposit USDC into the Pure Option Pool and receive pool tokens as withdrawal vouchers. Users receive premium revenue while the deposited USDC is locked till the option expires. However, this exposes users to the risk of asset loss if the underlying asset’s price falls within a specific range. Users can utilize the withdrawal vouchers to redeem their principal and premiums when the option expires. Professional investors find this product less appealing since it lacks diversification alternatives, despite its resemblance to a strategy yield product.

Bond Option Pool
The Bond Option Pool's (BO) premium pricing and primary protection concept is comparable to that of the Pure Option Pool. In contrast, when users contribute assets to the Bond Option Pool, the money is fully leased to market makers while put options are being sold at the same time, thus lending out the money. This improves the rewards for depositors and boosts the usage of funds. It does, however, also provide the possibility of market maker default.

Leverage Option Pool
In essence, the Leverage Option Pool (LO) gives the Pure Option Pool leverage functionality. While consumers who make deposits may receive larger premium income, they also run a greater risk. There is still primary protection, though. The loss amount is restricted to the principal and has no bearing on the premium income in the event that the underlying asset experiences severe depreciation or even unheard-of losses.

At the moment of writing this guide, there are more than 20 pools to choose from offering an APY from 8% up to 74%. 

Cega Fi Airdrop

Cega is available on the Ethereum Mainnet, Arbitrum, or Solana. The project has raised $9.3 mil in investments from projects including Pantera Capital, DragonFly, Coinbase, Solana Ventures, and at the moment of writing this TVL is less that $20 mil. Cega is likely to announce their own token in the future, which means a highly possible airdrop for early adopters. That’s why Cryptoset team has prepared a detailed guide for you to follow and not to miss your rewards.