Cega
The business, the turning points, and the decisions behind them.
Some sections are still being researched2 / 4
Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
Cega was a Singapore-based DeFi protocol founded in 2021 by Arisa Toyosaki, offering exotic options and structured investment products to retail investors. Its vaults sold fixed-coupon notes and similar derivatives strategies that paid yield with built-in downside protection, running on Solana from June 2022 and later on Ethereum and Arbitrum. The protocol said it handled about $500 million in volume over three years. In November 2024 it announced it had been acquired by an undisclosed platform and would sunset its products by year-end.
02 / FAILURE REASONS
Material for this section is being gathered and checked. It will appear here once ready.
03 / EVENT HISTORY
Events in the structured record
- Company founded
Arisa Toyosaki founds Cega in Singapore to build exotic-derivatives structured products for DeFi.
- Product launch
Cega's vaults go live on Solana in June 2022, later expanding to Ethereum and Arbitrum.
- Acquisition
On November 27, 2024 Cega announces it has been acquired by an undisclosed platform, halts deposits, and sunsets its product suite by year-end.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
Material for this section is being gathered and checked. It will appear here once ready.