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Danat Sadykov

Crypto enthusiast
Joined March 2023
2
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CegaCega was edited byDanat Sadykov profile picture
Danat Sadykov
March 20, 2023 5:26 pm
Article  (+525 characters)

Cega vaults trade the “fixed coupon note” exotic option which has note (aka bond) like characteristics

This means users lend their capital to the note issuer who promises to return the capital plus yield interest

Cega does not send user deposits to a Credora Maple pool or any Maple undercollateralized lending pool

Cega APYs are real outputs from MM trades, not made up of yield from lending to Maple pools

Cega does not fake its TVL

Cega trades are 20% collateralized

https://cegafi.medium.com/cega-finance-uncovered-80d45279f785

Infobox
Founder
Winston Zhang
Winston Zhang
Timeline  (+1 events) (+97 characters)

November 25, 2022

Cega announces V2 vaults which addresses strong concern from users regarding lending/credit risk.
Winston ZhangWinston Zhang was created byDanat Sadykov profile picture
Danat Sadykov
"Created via: Web app"
March 20, 2023 5:25 pm
Winston Zhang

Winston Zhang

Co-founder, Orbiter