What is Cega Finance? Cega Finance is the next generation Derivatives platform built in the Crypto market on multiple Blockchains. Cega Finance has successfully called for capital from many large investment funds. So what special attraction does Cega Finance have? Let’s find out together in the article below.
Overview of Cega Finance
What is Cega Finance?
Cega Finance is one of the first projects to focus on building and developing the Exotic Option product – an Option product that meets many investors’ needs such as generating outstanding profits, providing the ability to protect positions. in the context of a falling market price.
Cega Finance’s product suite includes:
- Exotic Options
- Vault Products
First, Exotic Option is a type of option in the financial market. These are not standard options like call options or put options. Exotic options have more complex characteristics and structures, and are often designed to meet specific investor needs or to suit a specific situation in the market.
There are many types of Exotic Option and each type has its own characteristics. Some popular examples are Asian Option, Barrier Option, Lookback Option, Binary Option. Exotic options are often used in investment strategies that are complex and require a deep understanding of the financial markets.
Some of the benefits of Exotic Option include:
- Highly Customized: Exotic options allow for high customization, helping investors design contracts to suit their specific needs. This includes adjusting conditions such as maturity, price barriers, and profit calculations.
- Risk management: Some types of Exotic Option, such as Barrier Option, allow investors to manage risk more effectively.
- Lower Costs: In some cases, Exotic Options may cost less than standard options because they are designed to meet the exact needs of the investor.
- High Profit Opportunity: Due to their complexity and special structure, some Exotic Options can provide high profit opportunities under certain market conditions.
- Effective Hedging: Exotic Option can be used for effective hedging in specific situations, such as protecting against price fluctuations of a particular asset class.
Next, Vault Products is a series of Option products for option investors to suit individual needs including:
- Pure Options Strategy
- Bond + Options Strategy
- Leveraged Options Strategy
- Dual Currency Vaults
Development Roadmap
- November 25, 2022: Cega Finance officially launched Cega Finance V2 version. In its V2 version, Cega’s team officially removed the bond component in the products to eliminate risks when the market has a Black Swan event.
- July 10, 2023: Cega Finance officially launched on Arbitrum. Previously, Cega deployed products on Ethereum and Solana.
Core Team
Arista T: Co Founder & CEO
- Arista earned a bachelor’s degree in Computer Science and Economics from Northwestern University. Right after graduating, Arista started a business with Design Works for more than 3 years in Chicago.
- After that, Arista began to come into contact with finance when working in financial derivatives at UBS – a leading commercial and investment bank worldwide.
- After leaving UBS, Arista started working as a Product Marketing Manager at Google for over 3 years and Bitcoin.com for less than 1 year. Staying at, Bitcoin.com, Arista started out in the beauty industry with a chain of beauty salons in Tokyo focusing on eyebrow waxing and eyelash lift services.
- In Japan, Arista joined the Japan Blockchain Association as an advisor and later as a member of the Board of Directors.
- It was not until January 2022 that Arista officially started building Cega Finance.
Winston Zhang: Co Founder
- Winston earned his Bachelor’s degree at Queen’s University. After graduating, Winston worked as a management consultant at Oliver Wyman Oliver – a company specializing in management consulting about strategy, operations, risk management and organizational transformation.
- Winston continues to work at Door Dash – a software development platform in the role of Product Manager.
- After quitting his job at Door Dash, Winston continued to start a business with the Orbiter project – a company that monitors and makes predictions based on the data collected.
- In 2022, Winston begins participating in Cega Finance.
Investor
- March 2022: Cega Finance successfully raised $9.3M led by Dragonfly Capital with participation from Alameda Research, Pantera Capital, Coinbase Ventures, Solana Ventures,…
Tokenomics
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Exchanges
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Project Information Channel
Summary
Cega Finance is a different Decentralized Derivatives platform in the Crypto market with many outstanding products. Hopefully through this article, everyone can understand more about what Cega Finance is?
