What is Vega Protocol?
Vega Protocol is a proof-of-stake network for creating and trading derivatives markets for various crypto assets.
Background
Ramsey Khoury and Barney Mannerings founded Vega Protocol in 2019.
How Does It Work
The network has sub-second latency, no gas fees, and uses an anti-front-running widget to ensure a fair market for all traders. Vega allows for the permissionless creation of new markets through governance and has cross-margining and portfolio risk evaluation mechanisms that improve user capital efficiency.
$VEGA is the native token of the platform. It is used to vote on new markets, run validator nodes on the PoS network by staking $VEGA, earn fees from traders, and govern essential network parameters.
Key Takeaways
- PoS chain focused on derivatives.
- Low latency, low fee, and anti-front running widget to ensure a fair trading market.
- $VEGA is the governance token used to vote on new markets, earn fees, and secure the chain.
