What is Contango?
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.
Opening a futures position on Contango

Contango main features

β€‹πŸ” 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.

β€‹πŸ€“ 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.

β€‹πŸ› οΈ 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.
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Contango main features