Vega is a protocol for creating and trading margined financial products on a fully decentralised network.
The network, secured with proof-of-stake, will facilitate fully automated, end-to-end margin trading and execution of complex financial products. Anyone will be able to build decentralised markets using the protocol.
What makes Vega innovative?
Built-in liquidity incentives match traders and market makers across any financial product, to solve the problem of attracting and allocating market making resources, especially for long-tail markets.
Vega will connect to major blockchains for collateral, which can be in any digital asset including Bitcoin, ERC20 tokens, and stable coins, so participants will be able to choose from a range of collateral options.
Any participant will be able to easily create and launch markets, pseudonymously, by using a toolkit of product features and economic primitives from which all cash flows and settlement instructions can be easily specified.
Get an update on Vega's current status over at Use.
It is Vega’s mission to build tools that guarantee the freedom to trade and make that freedom accessible to anyone on earth.
We're taking aim at the fundamental problems we see with the current centralised financial system, and creating a parallel financial system that fixes those problems.
We're writing rules for rewards and incentives that balance the system, keep it fair, and help it to grow.
This protocol must be open and will eventually be free and open source software governed by the community, so that it can develop and evolve with the needs of its users.
The world of derivatives is huge. Vega is developing a protocol that lets people trade derivatives safely, with margins, and without requiring custody. We're making this possible by standardising and automating every step of the trade lifecycle. Listen to what our co-founder Barney has to say about it: