Derivatives Agreement Cega completes $5 million seed round extension financing, led by Dragonfly Capital

ChainCatcher news, the derivatives protocol Cega has completed a new round of seed extension financing of $5 million, led by Dragonfly Capital, with participation from Pantera Capital and Robot Ventures. The funds will be used to launch new products on Ethereum, including leveraged options, while existing products will continue to be offered on Solana. Additionally, Cega will launch a new market-making entity named Tras Mobian next week, which will focus on standard and exotic cryptocurrency derivatives.

According to RootData, Cega completed a $4.3 million seed round financing last March, led by Dragonfly Capital, with participation from Pantera Capital, Coinbase Ventures, Alameda Research, Solana Ventures, and others. (The Block)