# Cega

> A DeFi protocol for structured investments

Cega was a DeFi structured investments protocol that used exotic options strategies to generate yield. It served investors seeking fixed and variable returns on stablecoins and assets such as ETH, stETH, and WBTC.

Cega was a decentralized finance protocol that provided structured investment products built on exotic options strategies. It offered investors fixed and variable yields on deposits of stablecoins and assets such as ETH, stETH, and WBTC, combining yield generation with mechanisms intended to reduce downside risk. The protocol targeted retail and institutional investors seeking risk-adjusted returns in volatile markets.

Cega addressed the difficulty individual investors face in accessing derivatives-based yield strategies traditionally reserved for institutional traders. It packaged options-based strategies into deposit vaults, letting users gain exposure to structured payoffs without directly trading derivatives themselves. The protocol operated across multiple blockchains and issued vault tokens representing each user position.

Its product lineup included fixed coupon notes, dual currency products, and leveraged options strategies grouped by risk and yield profile, along with a vault token market that added secondary liquidity for investor positions. Cega was used by yield-seeking investors and derivatives-focused traders across several networks. Following its acquisition, Cega wound down its product suite and is no longer actively operated.

- Type: Company
- Sector: Finance
- Status: Acquired
- Founded: 2021-12-01
- Profile: https://thegrid.id/profiles/Cega

## Products

- [Cega Vaults](https://thegrid.id/profiles/Cega): Cega Vaults was a structured investment product offering yield generation through exotic derivatives strategies, including fixed coupon notes, basket options, and shark fin structures. The system accepted cryptocurrency deposits for fixed trading periods, implementing barrier protection mechanisms against significant price movements while distributing premium-based returns to vault participants across multiple strategy configurations. A secondary marketplace let depositors trade vault position tokens for liquidity before maturity. The product was discontinued following the company's acquisition and platform sunset. (Derivatives, Discontinued, Main Product)

## Links

- [Documentation](https://docs.cega.fi/cega)
- [Main](https://www.cega.fi)
- [Discord](https://discord.com/invite/cega)
- [Twitter / X](https://x.com/cega_fi)
- [Medium](https://cegafi.medium.com)
- [GitHub](https://github.com/cega-fi)

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