PumpBTC Joins Contango with New Trading Pairs and Leverage Options
PumpBTC Joins Contango with New Trading Pairs and Leverage Options
š Bitcoin Gets a New Pump
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.
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) ā ļø *Risk Warning*: Leverage trading carries significant risk. 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.
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.
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.