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Cega Unveils Innovative DeFi Shark Fin Products from Chainwire

Cega Unveils Innovative DeFi Shark Fin Products from Chainwire

Singapore, Singapore, June 25, 2024, Chainwire

Cega, a leader in DeFi structured investment products, is pleased to announce the launch of its latest offering: Shark Fin Vaults.

Cega aims to address a gap in the market for conservative investors and DeFi lenders who want to beat existing interest rates, while protecting their capital and maintaining a delta-neutral profile. The “Bull Shark” vaults meet both objectives. Additionally, Cega supports deposits of native assets or staking assets for investors looking to maintain their upside potential.

The innovative Bull Shark BTC and Bull Shark ETH vaults offer 100% principal-protected notes with lending and options components that seek to deliver high additional yield and guaranteed minimum yield, regardless of market swings or downturns.

Introducing Bull Shark BTC and Bull Shark ETH

Cega's new investment products bring the traditional “Shark Note” strategy to the DeFi cryptocurrency market. Both Bull Shark BTC and Bull Shark ETH vaults offer:

100% Main Protection – Deposited funds guaranteed by the principal.

Guaranteed performance – Users can obtain a minimum potential guaranteed return.

High bonus payouts – Opportunity to earn higher APYs if cryptocurrency prices remain within a predetermined range at expiration.

Strong backtesting – Previous backtesting reflects a high probability of receiving an “in-fin” bonus payment.

Maintain the advantage – Users can deposit and potentially earn on the same crypto asset, preserving their upside potential in ETH, stETH or stablecoins.

Understanding shark notes

There are two main types:

Bull shark note – Provides participation in price increases with capital protection.
bear shark note – Linked to price declines with similar capital protection.

The inaugural release of Cega's Shark Fin products features two Toro-type shark notes. The protocol plans to continually expand product offerings to provide investors with endless views of the market.

About Cega

Cega is a DeFi structured investment platform that adapts TradFi investment strategies for the DeFi market. To date, the project is responsible for nearly $500 million in trading volume.

By championing transparency, security, accessibility and potentially high-yield opportunities, Cega seeks to represent the vanguard of the next evolution in decentralized finance.

The protocol is backed by major investors including Dragonfly Capital and Pantera Capital.

Connect with Cega For more information, users can check out Cega's website as well as their Discord and X page.

ContactMisterJaime Kingsleyblind[email protected]

This article was originally published on Chainwire.