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 * BASICS
   * What is Contango?
   * Who's this for?
   * Use cases
   * What is looping?
   * How does it work?
      * Detailed tx analysis
   
   * Key features
   * Incentives
      * Incentive layer
      * Contango points
      * Ad hoc deals with Partners
      * Partner rewards
   
   * Ecosystem
   * Risks
 * APP
   * Simplified
      * Simplified tutorials
   
   * Advanced
      * Advanced tutorials
   
   * Staking
      * Staking tutorial
 * TANGO
   * TANGOnomics
   * Allocations and unlocking
 * RESOURCES
   * Link tree
   * Brand assets
   * Contracts and audits
   * Permits and approvals
   * Glossary
   * FAQ
      * PT instruments
   
   * Troubleshooting

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WHAT IS CONTANGO?

Contango lets you loop anything on-chain.

You can:

 * Create leveraged positions similar to perps, but with low funding.

 * Lever up on the yield of liquid staking and restaking assets, such as stETH
   or eETH.

 * Lever up on the fixed yield of Pendle's PTs.

 * Create delta neutral plays to farm funding rates.

 * Arbitrage rate differentials on stablecoins.

 * Farm rewards, airdrops, and points with leverage.

And much more! See all its use cases.

The architecture behind Contango makes it the ultimate looping layer in defi.

Regardless of whether you use the Advanced or the Simplified interface, all
positions are built by automating a looping strategy, using spot and money
markets.

Likewise, regardless of the type of user you are - trader, looper, farmer -
you'll always find a use case to trade on Contango.

Here's a 1-min explainer:


WHY IS THIS DESIGN SUPERIOR?

YOU CAN TRADE ON THE DEEPEST LIQUIDITY IN DEFI

Contango builds positions on top of spot and money markets. By aggregating the
+$20B liquidity of spot markets and tapping into the +$40B liquidity of money
markets, Contango can facilitate large trades with minimal impact on both rates
and price.

YOU GET THE CHEAPEST AND LEAST VOLATILE FUNDING RATES IN CRYPTO

Funding rates (shown as APY on Contango) are determined by the difference
between the lending and borrowing rates on the money markets. This mechanism
offers the best funding rates in the industry, around 3x cheaper and less
volatile than market leaders, like Binance and dYdX (full study). These APY
values can be positive or negative, offering traders a chance to collect them
via arbitrage.

YOU CAN PICK YOUR FAVOURITE CHAIN AND MARKET

Contango is composable by design. It can offer a trading pair on any chain as
long as there is a spot and a lending market for that. Currently you can choose
among 6 chains, 13 money markets and more than +200 trading pairs. The ability
to trade the same instrument on different markets and chains is great for
diversification purposes too. Don't see a money market or an asset you'd love to
trade? Just tell us.

YOU CAN FARM REWARDS AND POINTS WHILE TRADING

By design, almost all rewards, incentives or points offered by the underlying
money markets will be accrued by traders on Contango. Contango already offers
point-farming pairs on Ethena, Etherfi, Renzo, EigenLayer, Aave Merit rewards.
Airdrop criteria from underlying protocols also apply to Contango traders, like
the SPK airdrop from Spark (see this section for more details). That’s the
beauty of DeFi composability.



NextWho's this for?

Last updated 2 months ago