Difference between revisions of "Vega Protocol"

Latest revision as of 01:32, 18 September 2024

Basics

Started in / Announced on: 2019
Mainnet release: "hopefully launch its mainnet by this summer" (18-3-2021)
A decentralized network for trading derivatives
Vega chain had an on-chain vote and will cease its operations (11-9-2024).

Technology

How it worked

From The Block (18-3-2021):

"Vega claims to be building a capital-efficient decentralized derivatives trading protocol that would allow anyone to create and launch a derivatives market.

Mannerings said capital-efficient means a trader's capital is used efficiently and that the protocol does not need any more funds to be locked up for margins than is necessary. "This is incredibly important for traders as the cost of capital to fund a position can make the difference between whether it's worth trading or not," he said."

Team, Funding, Partnerships, etc.

Team

Barney Mannerings; founder
From The Block (18-3-2021):

"There are currently around 25 people contributing to Vega, and the project is looking to expand its engineering and community teams further, said Mannerings."

Funding

From The Block (18-3-2021):

"Raised $5 million in a new funding round. The round was led by Arrington Capital and Cumberland DRW, with participation from Coinbase Ventures, ParaFi Capital, CMS Holdings, and many others. Vega has raised the money via a token sale as a strategic investment round. The round brings Vega's total funding to date to "a bit under $12 million," Mannerings told The Block. The project had previously raised a $5 million seed round in October 2019."

Partners

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@@ Line 1: / Line 1: @@
 ==Basics==
-*Based in:
 *Started in / Announced on: 2019
 *[[Mainnet]] release: ''"hopefully launch its mainnet by this summer"'' ([https://www.theblockcrypto.com/linked/98742/defi-derivatives-protocol-vega-5-million-coinbase-ventures-others 18-3-2021])
 *A [[decentralized]] network for trading [[derivatives]]
+*Vega chain had an [https://x.com/vegaprotocol/status/1833833661642280974 on-chain vote] and will cease its operations (11-9-2024).
-==History==
-==Token==
-===Launch===
-===Token Allocation===
-===Utility===
-===Other Details===
-===Stablecoin===
-==Coin Distribution==
 ==Technology==
-*[[Whitepaper]] can be found [insert here].
+===How it worked===
-*Code can be viewed [insert here].
-===Implementations===
-*Built on:
-*Programming language used:
-====Transaction Details====
-*Capacity ([[TPS]]):
-*[[Latency]]:
-===How it works===
 * [https://www.theblockcrypto.com/linked/98742/defi-derivatives-protocol-vega-5-million-coinbase-ventures-others From] [[The Block]] (18-3-2021):
@@ Line 36: / Line 14: @@
 ''Mannerings said capital-efficient means a trader's capital is used efficiently and that the protocol does not need any more funds to be locked up for margins than is necessary. "This is incredibly important for traders as the cost of capital to fund a position can make the difference between whether it's worth trading or not," he said."''
-===Mining===
-===Staking===
-===Liquidity Mining===
-===Scaling===
-===Interoperability===
-===Other Details===
-==Privacy Method==
-==Compliance==
-==Oracle Method==
-==Their Other Projects==
-==Governance==
-===DAO===
-===Treasury===
-==Upgrades==
-==Roadmap==
-*Can be found [Insert link here].
-==Audits==
-*[[bug bounty|Bug bounty]] program can be found [insert here].
-===Bugs/Hacks===
-==Usage==
-===Projects that use or built on it===
-==Competition==
-==Pros and Cons==
-===Pros===
-===Cons===
 ==Team, Funding, Partnerships, etc.==
 ===Team===
-*Full team can be found [here].
 *[[Barney Mannerings]]; founder
 *[https://www.theblockcrypto.com/linked/98742/defi-derivatives-protocol-vega-5-million-coinbase-ventures-others From] [[The Block]] (18-3-2021):
@@ Line 90: / Line 37: @@
 [[ETH]] tip [[address]]: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31
-Also check out [https://cointr.ee/zeb CoinTr.ee] for more content.