Contango Overview

What is Contango?

A DeFi Dapp that enables buying or selling assets at a fixed price and date in the future without order books or liquidity pools. Physical delivery and minimal price impact are offered for larger trades, as the protocol borrows on the fixed-rate market, swaps on the spot market then lends back on the fixed-rate market.

Main Features
Synthetic forward
Minimal price impact
DeFi composability
Physical delivery
Backed by VCs and Trading Houses
Blockchains
ArbitrumEthereum

Frequently asked questions

Contango is a synthetic forward contract that allows users to buy or sell assets at a future date. It utilizes fixed-rate markets for borrowing, spot markets for swapping, and fixed rate markets for lending. Contango leverages the deep liquidity pools of underlying protocols, eliminating the need for its own liquidity pools and minimizing price impact for any trade size. Each position in Contango is tokenized as an NFT, enabling other projects to build on top of it. At expiry, Contango directly delivers the asset for the price set when the position was opened, eliminating risks associated with index price manipulation. Contango is backed by various VCs, trading houses, and individuals in the crypto industry.

Contango is a platform that allows users to buy or sell forward contracts at a future date. When a user buys or sells a forward contract on Contango, the platform borrows funds from fixed-rate markets, swaps them on spot markets, and then lends them back on fixed-rate markets. This process helps to minimize the impact on prices and allows for trades of any size by taking advantage of the deep liquidity pools of underlying protocols. Each position on Contango is tokenized as an NFT, which enables other projects to easily build on top of the platform, such as hedging a trading strategy or using the NFT as collateral to borrow other assets. At the expiry of a contract, Contango directly delivers the asset to the user at the price set when the position was opened, eliminating risks associated with index price manipulation. Contango is backed by various venture capital firms, trading houses, and individual investors. The platform has also been audited for security and reliability.

Contango does not have its own liquidity pools. Instead, it utilizes the deep liquidity pools of underlying protocols to offer minimal price impact for any trade size.

Yes, other projects can build on top of Contango. Every position on Contango is tokenized as an NFT, which enables other projects to easily build on top of it. This means that other projects can utilize Contango's functionality, such as hedging a trading strategy or using the NFT as collateral to borrow other assets.

At expiry in Contango, the asset is directly delivered to the user for the price set when the position was opened. This eliminates the risks associated with index price manipulation.

The backers of Contango include VCs, Trading Houses, Angels, and individuals such as Alex Debridge from Finance, Andrew from MakerDAO, Brian from Solidity Ventures, Tunez from CryptoTunez, DefiDad from 4RC, Dim from Symbiosis, Eric from Vessel Capital, Fran from Superfluid, Joshua from SCC Investments, Juan from MakerDAO, Julien from Stake Capital, Larry from The Block, Loïc from Adaptive, Michael from Fantom, Mika (ex-Parafi), Mirza from Vessel Capital, Nicolas from Swissborg, Nick from Kondr DAO, Nick from Symbiosis, Oxbrainjar from Composable Finance, Richard from Obol, Vinny from CRT Labs, Wil from Jet Protocol, Windra from Element Finance, and Yenwen from Perpetual Protocol. The project is also supported by auditors.

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