Company OverviewFounded
in 2020 and headquartered in Singapore, Cega Finance is a fintech company focused on the decentralized finance (DeFi) space. The company is committed to introducing complex derivatives strategies from traditional finance into the blockchain, providing structured investment products with yield enhancement and downside protection features. According to PitchBook data, as of 2023, the company has 15 employees.
Trading productsCega
provides a variety of blockchain-based structured investment products, mainly including:
Fixed Income Notes (FCN): Combined with multiple put options, Knock-in and knock-out conditions for fixed income and downside protection.
Dual Currency Strategy (DCS): Allows investors to optimize returns between two assets and achieve returns based on option strategies.
Leveraged Options Strategy (LO): Provides higher yield potential through leveraged option combinations.
Shark Fin Notes: Provides enhanced returns when the asset price maintains a certain range, and decreases returns beyond that range.
The underlying assets supported by these products include USDC, ETH, stETH, WBTC, USDe, and more.
The trading software
Cega's decentralized applications (DApps) are deployed on the Solana, Ethereum, and Arbitrum blockchains, and users can invest by connecting to supported wallets such as MetaMask. The platform provides an intuitive user interface that supports product selection, investment, monitoring, and redemption, as well as detailed documentation and guidance.
Deposit and withdrawal methods:
Users can use supported wallets to deposit crypto assets (such as USDC, ETH, stETH, WBTC, USDe) into Cega's investment vault. At the time of redemption, users can convert their investment shares back to the original asset, depending on the structure and maturity conditions of each product.
Customer
SupportCega offers multi-channel customer support, including platforms such as official documentation, Discord communities, Twitter, and Medium. Users can access product information, how-to guides, and the latest announcements through these channels.
Core Business &
ServicesCega's core business is to design and provide blockchain-based structured investment products that aim to provide investors with higher returns and risk management tools. Its products combine complex derivatives strategies in traditional finance and automate execution through smart contracts, lowering the investment threshold and making it accessible to ordinary investors.
Technical infrastructure
Cega's platform is deployed on multiple blockchain networks, including Solana, Ethereum, and Arbitrum. The platform uses smart contracts to achieve the issuance, management and settlement of products to ensure the transparency and security of operations. Cega also integrates with several oracle services for accurate market data.
Compliance & Risk Control
SystemCega pays attention to risk management when designing its products, and controls risks by setting knock-in and knock-out conditions and limiting the investment cycle. In addition, the platform explicitly restricts the access of users in specific regions in order to comply with relevant laws and regulations.
Market Positioning & Competitive
AdvantageCega is committed to bringing complex derivatives strategies from traditional finance to the DeFi space and filling the gap in the market in terms of structured investment products. By offering products that enhance yields and protect against downside, Cega appeals to investors looking for higher yields and risk management tools.
Customer Support & EnablementCega
provides detailed user guides and educational resources to help users understand the complex financial product structure and operational processes. The platform also encourages user participation and feedback through community activities and reward mechanisms to continuously optimize products and services.
Cega has established partnerships with a number of well-known investment institutions, including Dragonfly Capital, Pantera Capital, Coinbase Ventures, Alameda Research, Solana Ventures, and Robot Ventures. These collaborations help Cega gain access to resources for product development, market expansion, and technical support.
Financial HealthCega
closed a $4.3 million seed round in March 2022 at a valuation of $60 million. In March 2023, Cega closed another $5 million extended seed round, bringing the total funding round to $9.3 million. These funds are used for product development, team expansion, and go-to-market.
Roadmap for the Future In
November 2024, Cega announced that it had been acquired by a leading platform and planned to phase out existing platforms by the end of 2024. Users will continue to access the platform and manage their investments until January 2026. Cega said its mission will continue on the new platform, details of which have not yet been disclosed.
