Vega protocol is an open-source protocol for creating and trading synthetic assets on the Ethereum blockchain. It allows users to define the parameters of a new market, including the underlying assets and fees, and then issue and list new synthetic assets on a decentralized exchange for trading. The protocol is designed to be flexible and widely applicable, enabling the creation of a wide range of synthetic assets, and offers a high degree of transparency and trust through the use of smart contracts. Vega’s decentralized governance system helps ensure the quality and functioning of markets within the protocol. In the event that a market needs to be closed, participants can vote on how to settle open trades.