The promise of guaranteed high yields with downside protection is often a red flag when navigating a sea of DeFi app marketing speak.

Yields are often exaggerated while risks get buried. It’s easy to promote sky-high APRs when you print your own token to fund temporary incentives.

In the offchain financial world, however, there is such a wild beast emerging from the depths: Shark Fin notes.

DeFi app Cega Finance, a leader in exotic options and structured financial products, launched an onchain version on Ethereum and Arbitrum today.

A Shark Fin is a type of structured financial product that offers a unique risk-reward profile. These notes provide investors with enhanced returns if the…

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