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Singapore, Singapore, April 2nd, 2024, Chainwire
Cega, the DeFi structured investments platform, is thrilled to announce the launch of a pioneering monetary product that may redefine yield era within the decentralized finance area. Bridging the hole between real-world property (RWAs) and the DeFi ecosystem, Cega introduces the first-ever on-chain structured funding with gold-backed XAUT as an underlying asset.
This revolutionary product is designed to marry the protected haven asset class and diversification advantages of gold with the dynamic incomes potential of DeFi choices. Cega’s novel strategy is about to supply returns of as much as 83% APY on standard staking currencies corresponding to ETH, stETH, wBTC or stablecoins like USDC.
Customers who stake their ETH for instance will likely be paid yield in ETH, thus permitting them to keep up their uneven upside. Customers profit from yields greater than 5 occasions increased than present lending/borrowing protocols or staking options, a leap ahead in liquid staking alternatives and yield optimization.
Moreover, customers obtain draw back safety on their deposits in opposition to vital market declines, as much as 30%. This security factor is a beautiful facet of the mounted coupon be aware technique (FCN) owing to a technical function referred to as a barrier choice.
Bringing Conventional Finance’s Elite Merchandise to DeFi
Subtle monetary devices like structured investments and unique choices have been the unique area of conventional finance (TradFi).
Recognizing the potential to democratize entry to those highly effective instruments, Cega is main the cost by transplanting TradFi’s most coveted funding methods into the DeFi house.
Strategic Innovation in a Rising Market
Cega’s new technique, Gold Rush, is a testomony to its dedication to increasing DeFi by connecting on-chain derivatives, real-world property, and the liquid staking ecosystem.
Customers in DeFi wish to stake native property like ETH or liquid staking tokens like stETH, however don’t wish to lose the uneven upside on these property. Customers additionally need safer, increased yielding alternatives with out vital danger to their principal.
The brand new providing, Gold Rush, achieves each of those objectives by buying and selling a hard and fast coupon be aware (FCN) with publicity to Gold-backed XAUT and ETH. This allows customers to realize publicity to protected haven property and blue-chip cryptocurrencies whereas reaping the rewards of excessive DeFi yields. Growing publicity to Gold has been a well-liked option to hedge in opposition to market uncertainty and improve portfolio diversification in conventional finance.
Sensible Contract Upgrades for Multi-Collateral Entry
Beforehand, Cega FCNs have been solely accessible to customers who staked USDC stablecoin by Circle. Via engineering enhancements, the crew has opened up the FCN to assist quite a few deposit property for multi-collateral availability corresponding to USDT, wBTC, stETH, and ETH.
Alongside as we speak’s launch, Cega affirms its give attention to high-security requirements following complete audits by Ottersec and Coder4rena. Safety and security stay foundational as Cega redefines the potential of yield-generating methods.
Cega’s new choices signify pivotal strides within the firm’s mission to innovate on DeFi investing. With almost $400M in buying and selling quantity, Cega continues to solidify its lead in structured investments, extending its attain throughout Ethereum, Arbitrum, and Solana.
Cega invitations crypto buyers, DeFi aficionados, and the monetary media to expertise these modern merchandise. Be part of them as they usher in a brand new period of high-yield DeFi funding alternatives.
About Cega
Cega is a DeFi structured investments platform that tailors TradFi’s highly effective funding methods for the DeFi market. To this point, the undertaking is liable for almost $400 million price of transactions.
Championing transparency, safety, accessibility, and high-yield alternatives, Cega represents the vanguard of the following evolution in decentralized finance. The protocol combines the spirited innovation of tokenized RWAs with conventional finance’s dependable wealth-generation strategies.
The protocol is backed by prime buyers together with Dragonfly Capital and Pantera Capital.
Join with Cega
Contact
Jamie Kingsley
Cega
j.kingsley@theprgenius.com
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