DeFi Protocol Cega Debuts 'Vault Token Market' to Facilitate Seamless Investing
- bhoomisinghal0
- Sep 25, 2024
- 1 min read
On Tuesday, decentralized exotic-derivatives protocol Cega announced a new feature that gives users more flexibility in managing their investments and responding to changing market conditions. The Vault Token Market (VTM) will boost liquidity, utility and flexibility of users' investments, Cega said in a press release shared with CoinDesk. With a total value locked (TVL) of over $10 million, Cega is the world's third-largest decentralized exotic-derivatives protocol. Users deposit USDC or other assets like ether (ETH) and wstETH into the vaults, which then employ strategies centered around packaged exotic derivatives.
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