Information about "Contango"
What is Contango?
Contango is a decentralized finance (DeFi) protocol that enables you to loop various assets on the blockchain. With Contango, you can:
* Amplify the returns on yield from liquid staking and re-staked assets like stETH or eBTC.
* Increase leverage on the fixed returns from Pendle’s principal tokens (PTs).
* Establish leveraged positions akin to perpetual contracts, but with crypto's most cost-effective funding.
* Take advantage of interest rate discrepancies on stablecoins through arbitrage.
* Enhance your farming of rewards, airdrops, and points using leverage.
Discover more use cases here.
* Amplify the returns on yield from liquid staking and re-staked assets like stETH or eBTC.
* Increase leverage on the fixed returns from Pendle’s principal tokens (PTs).
* Establish leveraged positions akin to perpetual contracts, but with crypto's most cost-effective funding.
* Take advantage of interest rate discrepancies on stablecoins through arbitrage.
* Enhance your farming of rewards, airdrops, and points using leverage.
Discover more use cases here.
What Is TANGO?
TANGO is the utility token for Contango, with a total issuance of 1 billion tokens. It forms the foundation of the protocol’s economic model, referred to as TANGOnomics.
The primary goal of TANGOnomics is to bolster TANGO liquidity and stimulate growth by providing incentives to the core participants of the Contango network, namely stakers and traders:
* Stakers can supply liquidity to the TANGO/ETH Balancer pool (details below) and secure LP tokens on Contango. This allows them to earn 100% of protocol fees proportional to their token share, in addition to Balancer trading fees and BAL rewards.
* Traders earn points while trading on Contango, qualifying them for a portion of TANGO rewards, up to 2% of the total supply annually.
This straightforward model invites anyone to participate in the Contango network, offering earning opportunities as either a trader, a staker, or both.
Learn more about TANGOnomics here.
The primary goal of TANGOnomics is to bolster TANGO liquidity and stimulate growth by providing incentives to the core participants of the Contango network, namely stakers and traders:
* Stakers can supply liquidity to the TANGO/ETH Balancer pool (details below) and secure LP tokens on Contango. This allows them to earn 100% of protocol fees proportional to their token share, in addition to Balancer trading fees and BAL rewards.
* Traders earn points while trading on Contango, qualifying them for a portion of TANGO rewards, up to 2% of the total supply annually.
This straightforward model invites anyone to participate in the Contango network, offering earning opportunities as either a trader, a staker, or both.
Learn more about TANGOnomics here.
