We unveil today the details of the community airdrop of $oTANGO, the first step towards the $TANGO token launch (coming soon).
๐This is how it will happen:
Aaand we're audited! ๐ฅณ
Trade on and be an early user!
1๏ธโฃ up to 5x leverage on $ETH and 33x on stables
2๏ธโฃ easy comparison of basis rate across maturities and with perp platforms
3๏ธโฃ no funding fees (see why๐)
More details here:
Short recap of how Contango works for the newbies.
When longing ETH with margin Contango will:
1๏ธโฃ borrow the remaining USDC at a fixed rate
2๏ธโฃ swap your margin + borrowed USDC for ETH
3๏ธโฃ lend that ETH at a fixed rate
๐ This cashflow = expirable long position.
Introducing five brand-new USDA pairs from
@AngleProtocol
, available via
@MorphoLabs
.
The jewels of the crown are:
โ PTeETH0624/USDA
โ PTUSDe0624/USDA
But letโs see them all in detail. ๐
Ok, so WTF are expirables?
Expirables are a new primitive that allows traders to buy or sell assets at a specific date and price in the future.
Wait, this is what futures & forwards do, no?
Yep, but expirables have unique properties.
More details here:
We just launched cPerps (Contango perps) with
@AaveAave
on
@arbitrum
๐ฅ
cPerps are built by automating a looping strategy on money markets, via flash loans.
Cool things:
โก๏ธ up to $20B liquidity
โก๏ธ 20x less volatile funding rates
โก๏ธ Early traders will be rewarded (soon?) ๐
The first phase of the Contango points system ended today.
Wait, thereโs a second phase?
Yes, and it leads to the Contango token launch.
Wait, token launch? ๐
In a few days weโll launch a public beta version of Contango on
@arbitrum
.
For the first time in history you'll be able to trade expirable contracts fully on-chain. No order books. No liquidity pools. Pure
#DeFi
style. ๐
Here's a sneak peek into our interface.
๐
After 6 months of stealth mode, Contango is finally ready to bring expirable futures to DeFi! ๐ย
We're happy to announce that we're an incubated project at
@Alpha_Launchpad
,
@dlabvc
&
@BlockchainAG
- amazing partners!
A sneak peek into Contango๐
cPerps are live on Mainnet and
@0xPolygon
too ๐
โ Now cPerps are enabled by
@Aaveaave
$2.4B liquidity across 4 major chains.
โ At a quick glance, you can compare funding rates across chains to find the best one for your trading needs.
(More info on trading on L1 vs L2๐)
So you decided to long ETH at the first signs of a bull market? Fine.
But are you willing to pay 0.0075% every hour (66% annualized) to do so with a perp?
On Contango there are no borrowing or funding fees. And now ETH is cheaper than buying it spot (negative basis rate). ๐ค
๐จ IMPORTANT ANNOUNCEMENT ๐จ
We've been notified of a Contango copycat attempt called
@Vivex_official
This is 100% a scam, trying to raise money via
@Spartadex_io
.
We've been in touch with Spartadex to stop their token launch before it happens today. We are waiting for a
Morpho Blue just went live on mainnet.
So Contango is now launching fully-audited Morpho perps, with better rates and higher leverage.ย
Try them out by looping wstETH/ETH with up to 12x leverage (= 43% ROE at the time of writing). ๐คฏ
Here's our new baby.
It's called PT-ezETH/ETH.
It currently yields 203% at 5x leverage.
It's the result of an incestuous relationship among
@SiloFinance
+
@pendle_fi
+
@RenzoProtocol
+ Contango. ๐ซ
๐จ Major news!
You can now earn 3x
@ether_fi
points on Contango, on both arbitrum and ethereum.
Starting today, up until the Contango token launch (coming soon ๐คซ).
Our first
@Galxe
campaign is live.ย
We'll launch more in the next few weeks.
Pro tip: don't miss a single one. ๐
Be an early supporter.ย Start here:
What if you could automate this beautiful trade?
Now you can, by trading PT-eETH/ETH from
@pendle_fi
on Contango thanks to
@SiloFinance
.
Added benefits:
โ double-digit ROE
โ 5x leverage
โ fully audited
(Short recap for the uninitiated below ๐)
1. Buy 1 (one) PT-eETH on
@pendle_fi
and earn 35.87% FIXED APR
2. Deposit 1 (one) PT-eETH on
@SiloFinance
and borrow $ETH at 6.6% variable APR
3. Swap that shit back for PT-eETH
4. Rinse repeat bada BING bada BOOM
It is literally that easy, retards.
Our LTIPP proposal passed with 99.7% of votes. ๐
220,000 $ARB will soon flow to Contango.
The grant will be used to spur growth across the 5
@arbitrum
markets that are live on Contango: Aave, Compound, Lodestar, Radiant, Silo.
๐จ Compound v3 is now live on Optimism too! You can trade:
โ ETH/USDC
โ WBTC/USDC
โ OP/USDC
Rates are looking good ๐
cc
@compoundfinance
@compoundgrants
$ARB rewards are finally live on Contango on its 6
@arbitrum
markets!
100% of rewards are given to traders based on their share of total open interest and will be claimable using Merkl from
@AngleProtocol
.
More details below ๐งต๐
New market alert ๐จ
Weโve just shipped an integration with
@RDNTCapital
on
@arbitrum
!
โ These 13 new pairs are all liquid!
โ Funding rates on Radiant offer some interesting arb opportunities
This week's points have been allocated.
But here's more:
Next week, itโs Arbitrum week!
Trade on
@SiloFinance
or
@RDNTCapital
or
@lodestarbackup
and youโll automatically double your points on Contango during this week (14th Feb - 20th Feb).
We wrote a trading guide that explains the different use cases for expirables.
We included a spreadsheet to help you estimate profits & costs for each example. Play with the numbers and study your next trade. DYOR.
๐ฅ ๐ฅ
(recap of the examples below)
New market alert! ๐ช
A new integration with
@sparkdotfi
is live on both Gnosis and Mainnet.
Spark is the first functioning SubDAO of the MakerDAO ecosystem.ย
Trading Spark pairs on Mainnet makes you eligible for a *confirmed* $SPK airdrop. More info below.๐
Contango just passed the $600M mark in total volume traded. But more importantly, OI has climbed to all time highs - above dYdX!
We're mind-blowned.ย
Thanks y'all for choosing Contango. ๐
Why are we alone in this quadrant?
A short thread about how we came up with the current design for Contango and how it is set to become a DeFi primitive.
cPerps just went live on Optimism too!
๐ด Liquidity is sourced from
@Aaveaave
v3
๐ด More money markets are coming soon
๐ด You can now compare APRs (the equivalent of funding rates) across chains๐
Overnight success ๐ฅ
Contango passed the $400M mark in total volume traded. Open interest is also at ATM, almost $80M.
Thank you everyone for choosing Contango ๐
๐จ
#IPOR
DAI LPs can now enjoy the 8% APR coming from
@MakerDAO
's Enhanced DAI Savings Rate (
#EDSR
).
โณThe higher rate will be available until the EDSR reaches 20% utilization. With the EDSR currently at 17.4%, the time to deposit $DAI is now!
๐ง Deposit DAI and boost with
The University of Edinburgh, University College London and
@simtopia_ai
have released the 1st research on looping through money markets.
The funding rates are:
โ the cheapest to long in a bull (short in a bear)
โ the least volatile
โ un-correlated to perps.
Recap below ๐
Shoutout to the
@Dolomite_io
team.
After only a few months of being integrated on Contango, they're already ranking
#4
across all money markets by open interest.
Bien hecho seรฑores! ๐ฅ
Once more we picked
@arbitrum
as our go-to market chain. Why?
Well, cPerps have been live for a few hours now, and the user experience couldnโt be better: fast execution and cheap fees ๐ฅ
You can open a trade in less than 30 seconds!
Longing $ETH on Contango on
@arbitrum
is 124x cheaper than
@GMX_IO
(at the time of writing).
Yes, anon. Time to gear up.
Take a deeper look into the differences between Contango's basis rates and funding fees across perp platforms.
๐
The new cPerps by
@Contango_xyz
, built through looping on
@AaveAave
and soon other DeFi giants, is now one of the most liquid places to trade with leverage on-chain... check it out!
We keep shipping.
Our beta is live on Ethereum too! ๐ฑ
A few things to remember on L1:
- liquidity is 4x bigger than
@arbitrum
- trading cap is 2x higher
- min size is around 3.6 ETH (if long)
- March 23 instruments available (June pairs coming soon)
- new $FRAX pairs available
@gnosischain
has a new perp platform in town.
Contango just launched on Gnosis, tapping once again into
@aave
liquidity.
What are the benefits of perps built on money markets, you ask?
โ All pairs are immediately liquid
โ Funding rates are less volatile
weETH/ETH from
@SiloFinance
has been added on Contango!
Loop it with 4x leverage, and youโll also earn:
โ 1x
@ether_fi
and 1x
@eigenlayer
points for each eETH in the position
โ Contango points
โ $ARB rewards from Silo
Itโs LTIPP szn on Contango ๐ฅ
Contango will soon start incentivizing its 6
@arbitrum
markets with 220,000 $ARB.
Rewards will be given to traders based on their share of total open interest (more details coming soon).
New sexyDAI pairs, with sexy APY.ย
sexyDAI = sDAI on
@gnosischain
with a yield of around 20%.
The interesting part: you can loop on sexyDAY with DAI, USDC.e or EUR, up to 4.3x leverage.
Important update:
The testooor role will soon be available again to anyone who wants to give us some product feedback.
Wen? Tomorrow on our next Galxe campaign.
While you wait, make sure you keep up with all the other campaigns.ย
Weโre cooking something ๐
We wonโt get tired of repeating this:
Perps built on spot and lending markets make sense because:
1. Youโre not trading against LPs
2. You trade upon billions of liquidity
3. Your implied funding rates are cheap and stable
4. You get rewards from the underlying markets
Expand
More grants-related news: Contango also won a 50,000 $OP grant!ย
Once again, the grant will be used to incentivize open interest and 100% of the rewards will be passed onto Contango traders. ๐ค
Stay tuned for details!
๐ฅ
@Dolomite_io
is now integrated with Contango.
You can now loop with 1 click up to 55 pairs, among which you can find these
@pendle_fi
beauties:
โ PTezETH/ETH
โ PTeETH/ETH
Bonus: you earn Minerals on some pairs!
Yesterday we had an interesting discussion with the team at
@element_fi
about:
1. Fixed-rates
2. DeFi innovation
3. TradFi and DeFi
4. Composability
5. Structured products
6. Market efficiency
7. DeFi trends
Here are some hot takes (free alpha?) from the industry experts ๐
New market alert! ๐จ
A new integration with
@MoonwellDeFi
is live on Base.
โ 18 new pairs
โ $WELL rewards on most pairs
โ Interesting arb opportunities (๐ USDbC/USDC )
Massive DAI liquidity ($100M) has been deployed by
@sparkdotfi
on
@MorphoLabs
for sUSDe & USDe vaults.
Time to lever up on Contango and earn:
โ an ROE of 365% (1% a day, lol)
โ
@ethena_labs
Shards
โ Contango points
Over the weekend Contango passed the $500M mark in total volume traded.
Open interest is also at ATH, close to $100M.
Thank you for choosing Contango. ๐ซก
Silo has become the powerhouse of rewards.
โ They just launched $OP incentives on their newly deployed Optimism markets.
โ And we just launched $ARB incentives on all arbiturm markets, including Silo.
@SiloFinance
+
@Contango_xyz
= happiness.
Farming points is a lucrative business. Or is it?
Contango new ๐๐ฐ๐ช๐ฏ๐ต๐ด page lets you check how much you are earning (or throwing away) daily while farming points from your fav protocols.
Try it and let us know what you think - it's under the new ๐๐ต๐ณ๐ข๐ต๐ฆ๐จ๐ช๐ฆ๐ด page.
FOMO mode on.
New smart contracts ready โ
New UI almost ready โ
Twitter announcement soon โ
Can you guess what weโre cooking?
Little alpha in the screenshot๐
The sUSDe/DAI loop became so popular that rates have flipped on
@MorphoLabs
.
Interestingly, the majority of these loops were done manually. ๐คฆโโ๏ธ
Next time, use Contango to simulate the market impact on rates. It's the only app in defi that shows you this. Itโs free. Use it.
.
@SiloFinance
just launched on
@Optimism
and ofc Contango already integrated it.
Cherry on top: their markets are now incentivized with $OP.
(And in case you're wondering if the rewards aren't enticing enough... ๐)
New player in town:
apxETH from
@redactedcartel
is live on a
@MorphoLabs
vault curated by
@Re7Capital
!
So we listed it on Contango too.
Current ROE for apxETH/ETH loops at 6x leverage is around 65%. ๐ฅ
The mind-blowing ๐คฏ numbers of Contango:
โ 0 trading fees
โ $20B in aggregated liquidity
โ 5x less volatile funding than Binance
โ 106 trading pairs, across 6 chains and 11 markets
How about earning
@ether_fi
and
@eigenlayer
points while trading on Contango?
This is now possible thanks to a new weETH/ETH pair that was recently added via
@MorphoLabs
, and that you won't find in your regular perp dex.
Did you know users can earn
@ether_fi
and
@eigenlayer
points on Morpho Blue?
weETH deposited as collateral to borrow ETH will continue to earn both Etherfi and Eigenlayer points as if holding weETH. This counts looped weETH as well.
Link to more details below.
Yesterday Contango launched a points system to rewards users retroactively and over the next 2 months.
Congrats to all the early users who have a head start!
But if you're a newcomer don't panic: youโre still early (but don't be late).
Details here:
New market alert ๐จ
Weโve just shipped an integration with
@Agave_lending
on
@gnosischain
โ These 12 new pairs are already liquid!
โ Trading on Contango using Agave markets earns you rewards, in the form of $GNO and $AGVE Balancer lp tokens!
From 0 to $12M in open interest in 3 months.
Contango is now ranking above some of the OG perp protocols, across multiple chains. ๐
See y'all in the top 10 derivatives project chart soon on
@DefiLlama
๐ฅ
We're really happy about our network of partners!
Here's a small article on how we got to know the
@AlphaVentureDAO
team and became an official incubated project ๐
Shout out to
@JainKartik33
and
@tascha_panpan
for their infinite support and patience! ๐ช
Thanks
@ethena_labs
for fully integrating Contango! ๐ฅ
As a Contango users you can now:
โ See your sats accruing directly on Ethena's dashboard
โ Get the 20%-100% boost if you have ENA locked, as sats are now associated to your EOA, not your proxy anymore.
Introducing the weETH Market - Radiantโs first LRT market, now live on
@arbitrum
.
Lend + loop your weETH to earn
@ether_fi
&
@eigenlayer
points!
๐๐ป๐งต
Degens love simple stuff.
So we simplified stuff.
You can now shop for LEVERAGED STAKING yields from your fav lending markets on Contangoโs brand new interface.
P.S. almost all pairs have double-digit ROE.
"Wen launch?" is probably the question weโve been asked the most, recently.
So here's an update: we're done testing & weโre going to open up our beta for early users soon. ๐
It's going to be live on
@arbitrum
, thanks to an integration with
@yield
.
How to prepare for it:
๐
Wanna know the dirty little secret behind Contango? ๐คซ
In this piece about our integration with
@yield
we do a deep dive into the flashswap mechanism - which is how Contango achieves up to 11x leverage on DAIUSDC!
๐
Since
@compoundfinance
v3 was integrated on Contango, it started attracting volume due to its competitive rates.
Currently, longing $ETH via Compound has the cheapest rates across several chains. Similarly, Compound LST yields are some of the best at the moment.
You hate points?
Then take the opposite trade: lever up on PT tokens from
@Pendle
via our frens at
@SiloFinance
.
โ PT-ezETH at 5x now yields 230%
โ PT-eETH at 5x now yields 162%
Cc
@ether_fi
@RenzoProtocol
What are the main differences between perps and expirable futures?
Come join us on our next AMA kindly hosted by
@perpprotocol
.
Expirable futures are coming soon to
#defi
. Better gear up for it
๐
30-sec tour of Contango's new UI.
You can now:
โ filter pairs by markets/chains
โ mark your favs
โ see lending/borrowing liquidity on each pair
More upgrades coming soon! ๐ฅ
A few reminders:
1๏ธโฃ Contango is still probably the cheapest venue to trade on
@arbitrum
right now.
At 3x leverage the basis on ETH is $3.6 per unit, at the moment.
That's (almost) free leverage if you ask me.
More โฌ pairs! ๐ช๐บ
We just listed some EURe pairs on Gnosis via Aave and Agave markets.
โ EURe is a fully authorized and regulated euro stablecoin issued by
@monerium
. Each EURe is 102% backed and safeguarded via Monerium.
โ Pairs from
@Agave_lending
are incentivized!
Worth noting that longing $weETH/ETH through
@aave
makes you eligible for 4 things:
โ points
โ Eigen points
โ Merit rewards
โ Contango points
While waiting for a new cap increase, keep this pair monitored:
New feature alert! ๐จ
With the ๐ฎ๐ช๐จ๐ณ๐ข๐ต๐ฆ option you canย move a position to a new market with better rates. Great news for those seeking the cheapest funding possible. Please note this feature is labeled as *experimental* since it has not been audited yet.
If you havenโt placed a trade on Contango yet, hereโs an excuse to redeem your soul:
Our third
@Galxe
campaign is out ๐ฅ
Place a trade before June 30th and earn yourself an Early tradeeer NFT.
A new addition to the PT family:
It's called ๐๐-๐ณ๐ด๐๐๐ and by looping it at 6.5x on Contango you can achieve an interesting ROE.
Let the Pendle-Silo-Contango orgy continue.
Whales are using Contango becasue they can:
โ loop on correlated pairs like stETH/ETH with size
โ trade directionally, with size, without getting rekt by funding rates.
This guy has a massive $MKR position opened since Jan, and he only paid 3k in funding so far. ๐คฏ
Ok, anon.
Maybe youโve placed a few test trades.
But are you really a Contango connoisseur?
Test your Contango knowledge with our
@Galxe
campaign
#4
.
(And don't forget the other three ๐)
๐ฅ