The decentralized finance (DeFi) landscape continues to evolve at a rapid pace, and one of the most exciting developments in 2025 is the launch of Cega’s first on-chain dual-currency product. In a strategic collaboration with Lido, a leading liquid staking protocol, Cega Finance is unlocking new avenues for yield generation within the rapidly expanding liquid staking ecosystem. This innovative offering allows holders of stETH or ETH to earn over 22% annualized returns—one of the highest yields available in the market today.
As Ethereum solidifies its position as the backbone of DeFi, more than 25% of all circulating ETH is now staked, with Lido controlling one-third of that share. The stETH market alone exceeds $16 billion in value, signaling a major shift in how capital is deployed and optimized in Web3. Despite this growth, a critical gap has persisted: limited yield opportunities for stETH holders beyond the base staking rewards of around 3% APY.
Cega steps in to solve this challenge with its new dual-currency structured product, combining the power of options-based strategies with real yield generation. By integrating structured finance techniques into DeFi, Cega enables investors to access significantly enhanced returns—without resorting to high-leverage or speculative trading.
Bridging Structured Finance and DeFi Innovation
Since its inception in 2022, Cega has emerged as a leader in on-chain structured investments. The protocol has facilitated over $300 million in trading volume, leveraging exotic options and risk-managed derivatives to deliver secure, predictable returns. Unlike traditional yield farming, which often relies on volatile token emissions or unsustainable incentives, Cega’s model focuses on generating real economic yield through financial engineering.
The dual-currency strategy works by allowing users to deposit either stETH or ETH and receive a structured payout based on predefined market conditions. These outcomes are powered by automated options vaults that dynamically hedge risk while capturing upside from volatility and premium collection.
👉 Discover how structured products can transform your DeFi returns
This approach not only boosts yield but also introduces institutional-grade financial instruments to retail participants—democratizing access to sophisticated investment tools previously reserved for traditional finance.
Why This Matters for stETH Holders
For the millions of users holding stETH, the asset has primarily served as a liquid representation of staked ETH. However, until now, there have been few ways to meaningfully increase its utility beyond passive appreciation and base staking rewards.
Cega’s product changes that equation. By integrating stETH into options-driven strategies, users can now earn over 22% APY under optimal conditions—more than seven times the base yield. This is achieved through:
- Premium income from selling covered options
- Capital efficiency via non-dilutive yield enhancement
- Risk-managed exposure to market movements
- No requirement for active management—fully automated execution
The result is a compelling value proposition: higher returns without compromising security or usability.
A Powerful Partnership: Cega x Lido
The collaboration between Cega and Lido represents a natural synergy. Lido dominates the liquid staking space, providing seamless ETH staking with liquidity through stETH. Cega brings deep expertise in structured products, creating tailored yield solutions that maximize capital efficiency.
Kenneth Tan, DeFi generalist at Lido, expressed enthusiasm about the partnership:
“We’re excited to see innovative strategies like Cega’s dual-currency product emerge. These solutions expand the utility of stETH by giving holders more ways to leverage their assets and generate meaningful returns.”
By combining forces, both protocols are pushing the boundaries of what’s possible in DeFi—moving beyond simple staking toward advanced, yield-optimized financial ecosystems.
Security-First Approach
In an environment where smart contract risks remain a top concern, Cega prioritizes security above all else. The dual-currency product underwent a comprehensive audit by OtterSec, a renowned blockchain security firm. Additionally, Cega engaged senior auditors from Code4rena during development to ensure robust code integrity and resilience against exploits.
All smart contracts are open-source and permissionless, allowing for full transparency and community verification. Users retain complete control over their funds at all times.
Expanding Across Chains
Cega isn’t limiting its reach to Ethereum alone. The protocol is already live on Solana, Arbitrum, and other major EVM-compatible chains, ensuring broad accessibility and low-cost transactions for global users. This multi-chain presence enhances capital mobility and allows investors to diversify across networks while maintaining exposure to high-yield strategies.
Whether you're a seasoned DeFi user or new to structured products, Cega offers an intuitive interface that simplifies complex financial mechanics into easy-to-use vaults.
👉 Start earning high yields with next-gen DeFi strategies
The Future of Real Yield in DeFi
As the DeFi space matures, the focus is shifting from speculative tokenomics to sustainable, real-yield models. Cega’s dual-currency product exemplifies this transition—offering tangible returns rooted in financial engineering rather than inflationary rewards.
With continued innovation expected throughout 2025, Cega is poised to redefine the structural investment landscape in Web3. More advanced strategies, including range-bound yield boosters and volatility harvesting mechanisms, are already in development.
This isn’t just another yield farm—it’s a fundamental upgrade to how value is generated and captured in decentralized finance.
Frequently Asked Questions (FAQ)
Q: What is a dual-currency product in DeFi?
A: A dual-currency product is a structured investment that offers variable returns based on the performance of an underlying asset and predefined market conditions. In Cega’s case, it uses options strategies to enhance yields for stETH or ETH holders.
Q: How does Cega achieve over 22% APY?
A: The high yield comes from premium income generated by selling options contracts backed by stETH or ETH. These premiums are collected regularly and distributed to depositors, amplified under favorable market conditions.
Q: Is my principal protected?
A: While the strategy aims to preserve capital, it is not fully principal-protected. Returns depend on market dynamics and option outcomes. Users should understand the risk-reward profile before depositing.
Q: Can I withdraw my funds anytime?
A: Yes, deposits are non-custodial and can be withdrawn according to the product’s terms. However, some strategies may have fixed durations or settlement periods.
Q: Who should use this product?
A: It’s ideal for investors seeking higher yields on their stETH or ETH without engaging in leveraged or highly speculative trading. Some understanding of options-based risks is recommended.
Q: Is this available to U.S. users?
A: No. Due to regulatory restrictions, Cega’s services are not available to U.S. persons or sanctioned jurisdictions.
Cega’s launch marks a pivotal moment for DeFi—proving that secure, high-yield structured products can thrive on-chain. As the line between traditional finance and decentralized systems blurs, protocols like Cega are leading the charge toward a more sophisticated, yield-rich future.