Vega Protocol

Basics

Based in:
Started in / Announced on: 2019
Mainnet release: "hopefully launch its mainnet by this summer" (18-3-2021)
A decentralized network for trading derivatives

History

Token

Launch

Token Allocation

Utility

Other Details

Stablecoin

Coin Distribution

Technology

Whitepaper can be found [insert here].
Code can be viewed [insert here].

Implementations

Built on:
Programming language used:

Transaction Details

Capacity (TPS):
Latency:

How it works

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."

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 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
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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