Contango Completes Phase 2 Points Distribution, Prepares for TANGOnomics Phase 3

**Contango announces TANGO token buybacks** following the recent Balancer exploit response. **Key Details:** - Buybacks will use **100% of protocol fees** collected since the exploit - **100% of future protocol fees** will fund buybacks until v3 launch - Maintaining current **80/20 Balancer pool** as primary liquidity - Purchased tokens will be held in Treasury **Why This Matters:** - 80/20 pool offers **lower impermanent loss** for liquidity providers - Configuration **amplifies market impact** of buybacks - Supports healthier token environment during v3 transition **Timeline:** Buybacks executed via TWAP orders over coming weeks. Team will review pool performance after initial phase to determine next steps for protocol-owned liquidity. Contango remains fully operational with v3 development as top priority.

A trader with $31M in open interest on Contango achieved remarkable success through extreme patience and simplicity. **The Strategy:** - Made only **2 trades** in over 12 months - Opened long positions on wstETH/ETH: - 2800 wstETH on Spark - 3813 wstETH on Morpho - Total exposure: 6613 wstETH **The Results:** - Currently **in profit** on both positions - Earned almost **$13k in extra rewards** from underlying markets - Hasn't claimed a single reward yet - Used multisig wallet with no MEV attacks **Key Insights:** - Demonstrates power of **"loop and wait"** strategy - Leveraged liquid staking tokens for yield - Avoided complex trading and market timing - Shows discipline in long-term position management This whale's approach contrasts sharply with active traders, proving that sometimes the best strategy is simply opening quality positions and letting time work in your favor. *Trading on leverage carries significant risk - not financial advice.*

$TANGO rewards were distributed to Contango traders on Tuesday, with **Safe multisig users receiving a 3x multiplier bonus**. **Key Details:** - Standard reward distribution for all active traders - **3x boost** specifically for @safe wallet users - Part of ongoing SafeBoost campaign incentives This distribution follows Contango's regular reward system based on trading activity and points accumulation. The Safe multisig bonus continues to provide significant advantages for users prioritizing security. *Trading on leverage carries significant risk - not financial advice.*

**PT-cUSDO from Clearstar Labs** is now live on Morpho Labs, expanding access to this yield-bearing stablecoin derivative. **What is USDO?** - OpenEden's "OpenDollar" - a rebasing yield-bearing stablecoin - Generates yield from T-Bills and reverse repo operations - cUSDO is the wrapped, non-rebasing version **Key Details:** - Previously launched in July with three trading pairs (RLUSD, USDC, USDT) - Powered by Euler Finance - Now available on Morpho Labs platform **Important Warnings:** - Trading on leverage carries significant risk - Users should research thoroughly at [openeden.com](https://openeden.com/) - Contango operates on variable rate markets - understand the mechanics before trading - Read documentation at [docs.contango.xyz](https://docs.contango.xyz/) *This expansion provides more options for traders interested in RWA-backed stablecoins, but requires careful consideration of risks.*

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.