In this episode, we spoke to Winston Zhang, one of the Co-Founders of Cega
Cega is building the next evolution in DeFi derivatives with safer, high-yielding products for users powered by exotic options.
In this episode you'll learn:
- What are exotic options? How do they differ from more "vanilla" calls and puts?
- How do they achieve APY's of 13-40%?
- Who are the market makers buying these options from retail users in DeFi?
- How the 'worst-of' and 'best-of' payoff works
- What the next stage of DeFi derivatives looks like
and so much more!
As a former equity derivatives professional, this was an incredibly interesting conversation. They are building permissionless access to an investment product that was otherwise limited to the ultra-wealthy.
Whilst there are certainly risks, there is plenty to learn and the opportunity for decent risk-adjusted returns.
Website: cega.fi
Twitter: https://twitter.com/zhangwins