Contango

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 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 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.*

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 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.

**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 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 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.

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.