Ethena Launches New USDe and sUSDe Maturities with Enhanced Aave Liquidity

**New Trading Options Available** Two new long-dated Principal Tokens (PT) from Cap Money are now accessible for loopers: - PT-stcUSD-23JUL2026 - PT-cUSD-23JUL2026 **Important Considerations** Liquidity for these tokens is currently building up. Traders should exercise caution when entering positions due to developing market depth. **Recent Context** This follows the recent launch of two Ethena PT loops paired against different quotes (PT-sUSDe-7MAY2026 and PT-USDe-7MAY2026), which benefit from deep liquidity provided by Aave.

**Nexus** emerges as the **leading insurance protocol** in DeFi, operating on mainnet while providing comprehensive coverage across all chains where Contango is deployed. **Open Cover** functions as Nexus's **L2 alternative**, working in tandem to expand insurance accessibility and reduce costs. Key benefits: - Cross-chain coverage for Contango deployments - Mainnet security with L2 efficiency - Comprehensive DeFi protection Both protocols offer essential risk management tools for traders and liquidity providers in the evolving DeFi landscape.

**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.*