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.
Rocket Pool ETH Loops Get OP Rewards on Base
Rocket Pool's rETH/ETH loops are receiving significant incentives through Morpho Labs on the Base network. Starting June 4th, 2025, users can earn 10,000 OP tokens for participating in these loops. - Platform: Morpho Labs - Network: Base - Reward: 10,000 OP tokens - Asset Pair: rETH/ETH This follows recent DeFi developments like PoolTogether's relaunch, which achieved a 1.25 ETH prize pool within 10 days of launch. *Want to participate?* Visit [Morpho Labs](https://morpho.org) to start looping.
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.
Contango Completes Phase 2 Points Distribution, Prepares for TANGOnomics Phase 3
Contango has completed its final Phase 2 points distribution, allocating 1M weekly points plus 4,166 bonus points for bug reporting. This marks the conclusion of the Phase 2 oTANGO airdrop qualification period. Key points: - Weekly distributions based on volume and open interest - Special 3x multiplier applied to KelpDAO and ether.fi pairs - Phase 3 introduces new TANGOnomics framework Users who participated in Phase 2 have secured their position for the upcoming oTANGO airdrop.