Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ADOPTION NEWS»Dragonfly-supported project launches structured product to increase Lido yields
ADOPTION NEWS

Dragonfly-supported project launches structured product to increase Lido yields

By Crypto FlexsNovember 30, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Dragonfly-supported project launches structured product to increase Lido yields
Share
Facebook Twitter LinkedIn Pinterest Email

Posted 1 minute ago In ~

A team specializing in building structured products for volatile cryptocurrency markets has launched a new profit strategy that allows traders to earn additional profits from stakers.

Cega on Thursday announced the launch of its Dual Current product, offering 22% APY to staked ETH (stETH) and ETH holders. This product offers enhanced returns through options trading.

Staking Ethereum currently offers a yield of around 3%.

As value-locked staking with Lido reaches new highs, a new strategy is coming to market. However, this is also a quieter time for Ethereum compared to the broader market.

‘Innovative rate of return’

“This is the perfect type of product for when the market isn’t moving that much,” Cega CEO Arisa Toyosaki told The Block.

The increased growth could be a welcome development for ether holders, who have been underperforming compared to other, less prominent assets.

“Innovative returns come from restaking solutions and chains, while real returns come from structured investment solutions and strategies based on real trading and derivatives,” she added.

This is evident in the growth of the cryptocurrency options market, with total open interest in Bitcoin options reaching $16.5 billion this month.

Cega raised $9.3 million in seed funding in a round led by Dragonfly.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

About the author

Frank Chaparro is the editor of The Block. Chaparro began his career at Business Insider, specializing in the intersection of digital assets and Wall Street, market structure, and financial technology. Shortly after joining Business Insider from Fordham University, Chaparro interviewed top financial and technology executives, including billionaire Mark Cuban, “Flash Boys” star Brad Katsuyama, Cboe Global Markets CEO Ed Tilly and New York Stock Exchange President Tom Farley. In 2018, he became a sought-after reporter in the cryptocurrency world, interviewing high-profile figures such as Gemini co-founder Tyler Winklevoss, Circle CEO Jeremy Allaire, and Fundstrat CEO Tom Lee. He runs his own podcast, The Scoop, and writes a biweekly newsletter of the same name. He leads special projects, including The Block’s flagship podcast, The Scoop. Before The Block, she worked at Business Insider, NPR, and Nasdaq. If you have any questions or need any tips, please contact me by email (email protected).
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

It flashes again in July

July 6, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

Gala Games improves leader board rewards and introduces preference systems.

June 20, 2025
Add A Comment

Comments are closed.

Recent Posts

Understanding BTC HEATMAP like Pro

July 9, 2025

Causes, History, And How To Survive

July 8, 2025

Trump’s truth social file for encryption blue chip ETF with SEC

July 8, 2025

G-Knot Appoints Fintech, Crypto Veteran Wes Kaplan As CEO To Launch The First Finger Vein Biometric Wallet

July 8, 2025

GrayScale XRP ETF GETS sec NOD: XRP price prediction and market impact

July 8, 2025

Distribute Crypto Media Release That Get Attention

July 8, 2025

GUNZ Announces $GUN Token Expansion To Solana

July 7, 2025

NEXST Launches Web3 VR Entertainment Platform With K-Pop Group UNIS As First Global Partner

July 7, 2025

Elon Musk announces that his “American Party” will accept Bitcoin and criticizes Trump’s financial bill.

July 7, 2025

From Wall Street to Wallet: Ark Defai redefines financial architecture.

July 7, 2025

What Every Investor Should Know

July 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Understanding BTC HEATMAP like Pro

July 9, 2025

Causes, History, And How To Survive

July 8, 2025

Trump’s truth social file for encryption blue chip ETF with SEC

July 8, 2025
Most Popular

Analysts predict a new all -time high of one asset, according to the Solana -based Memecoin setting stage ‘Full Blown Parabola’.

June 5, 2025

Information on acquiring Polygon Amoy testnet MATIC tokens

May 12, 2024

JK-AnalyticsClub.net: Innovative Trading Platform

August 25, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.