Contango Addresses TANGO Token Sale Concerns
Contango Addresses TANGO Token Sale Concerns
🤔 TANGO's sell pressure solution?
Contango addresses concerns about potential sell pressure after the upcoming TANGO token sale:
- The Fjord sale uses a fixed-price mechanism at $45M FDV ($0.045 per token)
- Early users get oTANGO, an option token for discounted TANGO
- oTANGO claimable after sale, can be sold for profit if price > $0.045
- Private investors and team have cliffs/vesting periods
- No unlocking for at least 6 months after Balancer pool seeding
This structure aims to minimize initial sell pressure while rewarding early adopters. The oTANGO mechanism in particular aligns incentives by only being profitable above the sale price.
lvlUSD Now Available for Looping on Morpho with 9.3x Leverage
lvlUSD, backed by USDC and USDT reserves, is now available for looping through Morpho Labs on mainnet with leverage up to 9.3x. The protocol generates yield from lending protocols, which is distributed to stakers via slvlUSD. - Maximum leverage: 9.3x - Backing: USDC and USDT reserves - Staking rewards: Available through slvlUSD **Important**: Trading with leverage involves significant risk. Users should thoroughly understand variable rate markets before trading or staking. Learn more: - [Level Money](https://www.level.money/) - [Contango Documentation](https://docs.contango.xyz/)
KelpDAO Expands rsETH Trading Options with Spark Protocol Integration
KelpDAO announces new trading pairs for rsETH against wstETH and ETH on Spark Protocol (mainnet). The integration enables leveraged positions through Contango's looping mechanism. - 2x Kernels and 1x Contango points rewards available - Trading occurs on variable rate markets - **Important Risk Notice**: Leverage trading carries significant risk Previous implementations on Base network offered: - 3x Kelp Miles - 1x EIGEN rewards - 3x Contango points - 3K USDC biweekly rewards For detailed mechanics, visit [Contango Documentation](https://docs.contango.xyz/)
Circle's EURC Now Available for Trading on Aave/Base
Circle's euro-backed stablecoin EURC has been added as a quote currency for five trading pairs on Aave's Base deployment: - ETH/EURC - weETH/EURC - wstETH/EURC - cbETH/EURC - cbBTC/EURC EURC maintains a 1:1 euro peg and is available across 38 blockchains via API3 Market. **Important**: Trading involves leverage risk. Users should review [Contango documentation](https://docs.contango.xyz/) before engaging with variable rate markets.
Final Deadline Approaching for oTANGO Claims
**Critical Deadline**: January 31st, 2025 is the final day to claim oTANGO tokens. After this date, all unclaimed tokens will automatically be transferred to the Contango treasury. Currently, 16.9% of tokens remain unclaimed. Token holders can claim through https://app.contango.xyz/otango/claim *Important Notes*: - Claiming is separate from exercising oTANGO - oTANGO remains exercisable after the claim deadline - Always verify links to avoid scams *Risk Warning*: Contango operates on variable rate markets. Users should understand the mechanics before trading or staking.
PumpBTC Joins Contango with New Trading Pairs and Leverage Options
PumpBTC has integrated with Contango, offering new trading opportunities through MorphoLabs and zerolendxyz. Users can now trade two pairs: - pumpBTC/cbBTC - pumpBTC/WBTC *Key highlights:* - 2x PumpBTC points available on leverage trades - PumpBTC functions as Liquid Staking Solution for Babylon Labs - Babylon protocol uses Bitcoin to enhance proof-of-stake chain security **Important:** Trading involves significant risk. Users should review documentation at pumpbtc.gitbook.io before participating.