DeFi Derivatives Protocol Cega Raises $5 Million Led by Dragonfly

Cega, a DeFi derivatives protocol focused on exotic options, raised $5 million in a new funding round led by Dragonfly with participation from Pantera Capital and Robot Ventures. The funds raised will be used to launch new products on Ethereum, including leveraged options, and existing products will continue to be available on Solana.

Cega will also launch a new market-making entity called Tras Mobian next week that will focus on both vanilla and exotic crypto derivatives.

Cega plans to launch tokens and expand to more blockchains in the future, said Cega co-founder and CEO Arisa Toyosaki.

Previously, Cega closed a $4.3 million seed funding round last March led by Dragonfly with participation from Pantera Capital, Coinbase Ventures, Alameda Research, Solana Ventures, and others.

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