Contango Completes Phase 2 Points Distribution, Prepares for TANGOnomics Phase 3
Contango Completes Phase 2 Points Distribution, Prepares for TANGOnomics Phase 3
🎯 Last Call for TANGO
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.
Pendle Finance Principal Tokens Approaching Expiration
Two Pendle Finance Principal Tokens (PTs) are set to expire tomorrow: - PT-eUSDE with $9M open interest from Ethena Labs - PT-USDS with $6M open interest from Sky Ecosystem **Important Notes:** - Trading involves leverage and significant risk - Contango operates on variable rate markets - New users should review documentation before trading *Resources:* - [Detailed PT Instruments Guide](https://docs.contango.xyz/resources/faq/pt-instruments) - [Platform Documentation](https://docs.contango.xyz/)
Contango Launches New GHO Trading Pairs on Gnosis Chain
Contango has introduced three new GHO trading pairs on Gnosis Chain via Aave: - USDC/GHO - DAI/GHO - sexyDAI/GHO These pairs cater to carry traders seeking leverage opportunities. The platform builds positions on variable rate markets, requiring careful understanding of the mechanics. **Important Notes:** - Trading involves significant leverage risks - Users should review [documentation](https://docs.contango.xyz/) before trading - E-mode functionality enables higher leverage options - Existing position holders can migrate to benefit from improved liquidation prices *Always conduct thorough research before engaging in leveraged trading.*
Contango Introduces Shortcuts for Enhanced Pricing
Contango has launched a new Shortcuts feature aimed at improving pricing efficiency for users. The update streamlines the trading process on their perpetual futures platform. - Shortcuts provide optimized pricing mechanisms - Built on existing money market infrastructure - Designed for both experienced traders and new users The platform continues to leverage deep liquidity from money markets, maintaining their approach to more stable funding rates through interest rate mechanisms. *Trading just got more straightforward on Contango.*
Market Update: Understanding Funding Rates on Contango
Markets show strong upward momentum with rising yields and funding rates across platforms. Contango offers distinctive funding rates due to its money market-based approach. - Trading pairs available with up to 4x leverage - Notable stability in directional pair trading - Lower volatility in funding rates compared to industry standards **Key Consideration**: Positions are built on variable rate markets, requiring careful understanding before trading. Learn more about leveraged trading via money markets: [Detailed Guide](https://medium.com/contango-xyz/why-you-should-trade-on-leverage-using-money-markets-93b988fc69ec) ⚠️ *Risk Warning*: Leverage trading involves significant risk. Please review [documentation](https://docs.contango.xyz/) before trading.
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.