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Vega Protocol
Vega Protocol is an open-source, decentralized protocol for creating and trading derivatives. It enables developers, traders, and market makers to run high-performance, permissionless markets without intermediaries, gas fees, or latency issues. The platform aims to provide a decentralized alternative to traditional finance with comparable efficiency. Recently, the community voted to retire the Vega chain, signaling a new phase for the project.
Distributed
Description
Vega Protocol is an open-source, decentralized protocol designed for creating and trading derivatives on a fully decentralized network. It provides the underlying infrastructure and tools for developers to launch their own permissionless markets for various financial applications, including perpetual futures and prediction markets. Key features include a non-custodial and pseudonymous environment, a purpose-built appchain for trading, a unique fee model without per-transaction gas costs, rich CEX-style order books and APIs, and built-in governance. The project's research has explored topics like margining, credit risk, and transaction ordering fairness. After approximately seven years of development and an Alpha Mainnet phase, the community has voted to retire the Vega chain, marking a significant transition for the project. Vega offers extensive technical documentation, APIs for building integrations, and open-source repositories on GitHub to support its developer and trader community.Grant Funding
VC Funding
None
2019
2021
$0
$10M