Contango
DEX
Contango is a Decentralized Exchange offering expirable futures without order books or liquidity pools.
Dec 12, 2023 00:00:00
Dec 30, 2023 00:00:00
ICO Details
What is Contango?
Contango is a Decentralized Exchange offering expirable futures without order books or liquidity pools.
Contango is a unique decentralized exchange offering expirable futures without order books or liquidity pools. When a trader opens a position, the protocol borrows on the fixed-rate market, swaps on the spot market, then lends back on the fixed-rate market. Contango offers physical delivery and a minimal price impact for larger trades.
Contango Unique Features
Linear and inverse contracts
Choose between linear and inverse contracts, pick an expiry date, define leverage and forget about the unpredictable costs of funding rates.
Synthetic futures
Contango borrows on the fixed-rate market, swaps on the spot market, and lends back on the fixed rate market to replicate the cash flow of a futures position.
Minimal price impact
Contango doesn’t need its own liquidity pool. Instead, it takes advantage of the deep liquidity pools of underlying protocols to offer a minimal price impact for any trade size.
DeFi composability
Every position is tokenized as an NFT enabling other projects to easily build on top of Contango.
Physical delivery
At expiry, Contango directly delivers you the asset for the price set when the position was opened, thus eliminating risks associated with index price manipulation.
Roadmap
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Contango Token Economy
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Detailed Token Metrics
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Token Distribution
Token Release Schedule
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Partners
Team Members
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Investors
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