DeFi 彻底改变投资：结构性产品提供定制收益、降低风险

Cega 等去中心化金融 (DeFi) 项目正在推出 Gold Rush 等结构化产品，这是一种一篮子期权策略，提供以太坊以太坊和 Tether 黄金支持代币的投资，并具有防止损失的安全功能。该产品提供高达 83% 的年化收益率，以质押代币的形式支付，并具有连锁安全机制，可根据表现最差的资产价格下跌调整本金返还，最高可达 30% 的下行门槛。

Decentralized Finance Revolutionizes Investing with Structured Products Tailored for Yield Optimization and Risk Mitigation

去中心化金融通过专为收益优化和风险缓解而定制的结构性产品彻底改变了投资

Decentralized finance (DeFi) has emerged as a transformative force in the financial landscape, empowering investors with innovative products that were once exclusive to institutional players in traditional markets. Among these advancements are structured products, meticulously designed to offer compelling returns, tailored market exposure, and robust protection against losses.

去中心化金融（DeFi）已成为金融领域的一股变革力量，为投资者提供了曾经是传统市场机构参与者独有的创新产品。这些进步包括结构性产品，这些产品经过精心设计，可提供令人瞩目的回报、量身定制的市场敞口以及针对损失的强有力的保护。

In a groundbreaking move, derivatives protocol Cega has unveiled its Gold Rush product, a meticulously crafted basket options strategy that harnesses the power of Ethereum's ether (ETH) and Tether's gold-backed (XAUT) tokens as underlying assets. This innovative product boasts a safety component that safeguards users' capital against a 30% decline in asset prices, providing unparalleled peace of mind.

衍生品协议 Cega 推出了一项突破性举措，推出了 Gold Rush 产品，这是一种精心设计的篮子期权策略，利用以太坊以太坊 (ETH) 和 Tether 黄金支持代币 (XAUT) 作为基础资产的力量。这一创新产品拥有安全组件，可以在资产价格下跌30%的情况下保护用户的资金，让用户无比安心。

Cega's Gold Rush vaults serve as gateways to remarkable returns, offering annualized percentage yields (APYs) of up to 83% for investors who stake their ETH, Lido's staked ether (stETH), wrapped bitcoin (wBTC), or the stablecoin USDC. Notably, these yields are distributed in the same coin staked, creating an asymmetric upside potential in bullish markets.

Cega 的 Gold Rush 金库是获得丰厚回报的门户，为质押 ETH、Lido 质押的以太币 (stETH)、打包比特币 (wBTC) 或稳定币 USDC 的投资者提供高达 83% 的年化百分比收益率 (APY)。值得注意的是，这些收益率分布在同一代币中，在看涨市场中创造了不对称的上行潜力。

Since its launch on March 26th, Gold Rush has attracted a surge of interest, with users depositing a substantial $2.74 million worth of crypto assets into its strategic vaults. This resounding endorsement underscores the appeal of structured products that seamlessly blend yield generation and risk management.

自 3 月 26 日推出以来，Gold Rush 引起了极大的兴趣，用户将价值 274 万美元的加密资产存入其战略金库。这一响亮的认可凸显了将收益生成和风险管理无缝融合的结构性产品的吸引力。

"Defi users yearn for opportunities to stake native assets like ETH or liquid staking tokens like stETH without compromising the asymmetric upside potential of these assets," explained Cega. "Simultaneously, they seek safer, higher-yielding opportunities that minimize risk to their principal. Our Gold Rush offering masterfully achieves both of these goals."

Cega 解释说：“Defi 用户渴望有机会质押 ETH 等原生资产或 stETH 等流动性质押代币，同时又不影响这些资产的不对称上行潜力。” “同时，他们寻求更安全、更高收益的机会，最大限度地降低本金风险。我们的 Gold Rush 产品巧妙地实现了这两个目标。”

At the core of Gold Rush lies an ingenious safety feature that shields staked capital against a 30% price decline in either XAUT or ETH, extending a protective shield over assets for a 27-day maturity period. This meticulous design makes the product highly suitable for investors who anticipate price stability within these parameters.

Gold Rush 的核心在于一个巧妙的安全功能，可以保护质押资本免受 XAUT 或 ETH 价格下跌 30% 的影响，从而为资产提供 27 天期限的保护。这种精心设计使该产品非常适合预期价格在这些参数内稳定的投资者。

In scenarios where neither asset experiences a significant drop, users are assured of receiving their principal in full, complemented by the accrued daily yield. However, in the event that either asset breaches the 30% downside threshold, the principal returned upon expiry is adjusted to reflect the losses incurred by the worst-performing asset. Notably, users retain their accrued yield, providing a buffer against market volatility.

在两种资产均未大幅下跌的情况下，用户可以确保全额收到本金，并辅以应计的每日收益率。然而，如果任一资产突破 30% 的下行阈值，则到期时返还的本金将进行调整，以反映表现最差的资产所造成的损失。值得注意的是，用户保留了应计收益，为应对市场波动提供了缓冲。

"Our safety mechanism grants users protection against substantial market declines, up to 30%, on their deposits. This feature is an integral aspect of our fixed coupon note strategy (FCN), made possible by a technical element known as a barrier option," Cega highlighted.

“我们的安全机制可以保护用户的存款免受市场大幅下跌（高达 30%）的影响。此功能是我们固定息票策略 (FCN) 的一个组成部分，通过称为障碍期权的技术元素实现，”塞加强调。

Cega's unwavering belief in the resilience of its strategy is backed by rigorous backtesting conducted over the past three years, which revealed a mere 3% probability of XAUT or ETH experiencing a price decline exceeding 30% within a 27-day window.

Cega 对其策略弹性的坚定信念得到了过去三年进行的严格回溯测试的支持，该测试显示 XAUT 或 ETH 在 27 天内价格下跌超过 30% 的可能性仅为 3%。

While the Gold Rush product offers exceptional benefits, it is crucial to acknowledge potential risks. Yield-generating opportunities are inherently subject to the risk of default by the market makers who purchase options within the vault. Additionally, as with all DeFi protocols, the transfer of funds on the blockchain carries inherent smart contract risk.

虽然淘金热产品提供了非凡的好处，但承认潜在风险也至关重要。产生收益的机会本质上受到在金库内购买期权的做市商违约风险的影响。此外，与所有 DeFi 协议一样，区块链上的资金转移存在固有的智能合约风险。

In conclusion, DeFi structured products like Cega's Gold Rush represent a paradigm shift in the investment landscape, offering compelling returns, market exposure, and risk mitigation previously reserved for institutional investors. As the DeFi ecosystem continues to evolve, these innovative products are poised to revolutionize the way individuals engage with the financial markets, empowering them with the tools to maximize their financial potential.

总而言之，像 Cega 的 Gold Rush 这样的 DeFi 结构性产品代表了投资格局的范式转变，提供了以前为机构投资者保留的令人信服的回报、市场敞口和风险缓解。随着 DeFi 生态系统的不断发展，这些创新产品将彻底改变个人参与金融市场的方式，为他们提供工具以最大限度地发挥其财务潜力。