Solana Options Protocol Cega Comes to Ethereum
Exotic derivatives protocol Cega Finance will be launching on Ethereum mainnet, branching out from its native Solana.
In traditional finance, exotic options fill the same role, more or less, as regular options — enabling leveraged longs and shorts on an underlying asset, but they can be used to achieve specific investment goals that cannot be accomplished with American or European options.
For example, Barrier options have a payoff that depends on whether the underlying asset price reaches a certain barrier level during the life of the option, while Asian options’ payoff depends on the average price of the asset over a period of time.
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