ChainCatcher news, DeFi derivatives protocol Cega announced that it has been acquired by a "leading platform," with the name of the acquirer and the acquisition amount undisclosed.The company stated that it will discontinue its product suite by the end of the year, Cega's platform will no longer accept deposits, and the protocol urges users to start withdrawing, as the protocol's products will cease operations by the end of this year. Cega stated on the X platform: "Cega's original vision was to create the next evolution of DeFi derivatives.Today, we are excited to announce that we have been acquired by a leading platform and will continue to drive this vision forward. Our team is very proud to have been the first to introduce exotic options to DeFi, processing 500 million transactions and securely safeguarding user funds over the past three years."

ChainCatcher news, according to CoinDesk, the DeFi derivatives protocol Cega has announced a new feature that allows users to manage their investments more flexibly and respond to changing market conditions. Cega stated that the Vault Token Market (VTM) will enhance the liquidity, utility, and flexibility of users' investments.Cega allows users holding USDC to earn yields without actively managing their positions. Users deposit USDC into the vault, which employs strategies around fixed-income notes and put spreads to generate substantial returns. Vault participants will receive Cega vault tokens representing their financial position in the strategy.Each vault's strategy runs for 27 days, starting every Wednesday at 1:00 UTC, simplifying the investment process. However, for issuers, this means their USDC is locked in the vault for 27 days, making the funds inaccessible. This liquidity barrier limits users' ability to respond to market changes and meet financial needs. The VTM (Vault Token Market) addresses this issue by allowing users to exit early.

ChainCatcher news, according to The Block, the team Cega, which focuses on building structured products for the volatile cryptocurrency market, announced today the launch of its "Dual Stream Product," offering up to 22% annual percentage yield (APY) for staked Ethereum (stETH) and ETH holders. This new product provides enhanced returns through options trading.

ChainCatcher news, the derivatives protocol Cega has added support for Arbitrum and launched the "L2 Vault," allowing users to stake USDC, ARB, and OP tokens as a basket of underlying assets in options strategies. Cega was initially launched on Solana in June 2022 and supported Ethereum in March this year.ChainCatcher previously reported that the DeFi derivatives protocol Cega completed a $5 million seed round financing in March, led by Dragonfly Capital. (Source link)

ChainCatcher news, the derivatives protocol Cega has completed a new round of seed extension financing of $5 million, led by Dragonfly Capital, with participation from Pantera Capital and Robot Ventures. The funds will be used to launch new products on Ethereum, including leveraged options, while existing products will continue to be offered on Solana. Additionally, Cega will launch a new market-making entity named Tras Mobian next week, which will focus on standard and exotic cryptocurrency derivatives.According to RootData, Cega completed a $4.3 million seed round financing last March, led by Dragonfly Capital, with participation from Pantera Capital, Coinbase Ventures, Alameda Research, Solana Ventures, and others. (The Block)