Contango
1296 followers · 0 stories
Contango builds perps through looping on money markets. Deep liquidity is sourced on money markets, where interest rates produce less volatile funding rates. An intuitive trading interface welcomes advanced traders ready to trade with size, seasoned loopers looking for better monitoring tools, and degens eager to farm rewards on money markets. More info on contango.xyz.
v3 announced (CDDA price discovery)
Contango unveiled v3 plans built around a new on-chain price-discovery mechanism, Continuous Double Dutch Auctions (CDDA), replacing traditional limit order books.
TANGO token launch on Fjord
Contango launched its native utility token, TANGO, on Arbitrum via a curated fixed-price public sale on Fjord Foundry, raising $3M at $0.045 per token, sold out in under 4 hours with no cliff or vesting.
v1 (expirables) sunset
Contango retired its original v1 expirables product in late 2023 after transitioning to the v2 cPerps design.
v2 launch (cPerps via looping)
Contango launched v2, moving from fixed-rate to variable-rate money markets and building perpetuals (cPerps) by automating looping strategies with flash loans on lending markets like Aave.
$4M seed round led by ParaFi
Contango announced a $4M seed round at a $45M valuation (raised December 2021), led by ParaFi with participation from Coinbase Ventures, Spartan Group, AngelDAO, Cumberland, and others.
v1 mainnet launch (expirable futures)
Contango launched its v1 protocol offering expirables (futures with known settlement dates, no order book/liquidity pool) on Arbitrum.