DeFi Derivatives Protocol Cega Finance Closed $4.3 Million Funding Round Led by Dragonfly Capital

DeFi derivatives protocol Cega Finance closed a $4.3 million seed round led by Dragonfly Capital with participation from Pantera Capital, Coinbase Ventures, Alameda Research, Solana Ventures and others. The funds will be used to accelerate the development of Cega’s technology as well as to create a vibrant community focused on expanding product offerings, calibrating statistical models, and educating users about DeFi and derivatives. Cega’s product is a decentralized application built on Solana. Its first exotic options product is the fixed coupon note.