oTANGO

The oTANGO interface lets you exercise your oTANGO airdrop to purchase TANGO at a discount. This page is geared towards early users of the protocol who have accrued oTANGO by using both Contano v1 and v2.

• The airdrop was designed to align incentives between the protocol and early users, and disincentivize short-term farmers. All rules were made public here.

• The oTANGO airdrop initially allocated 18.3% of the total supply to early users who used v1 and v2 up until the 29th of October 2024. Since some users didn't end up claiming their share, around 3% of the supply went back to the treasury, so the final supply allocation for oTANGO is 15.3%.

oTANGO is a perpetual option token that allows you to purchase TANGO at a discount. The discount is determined by the ongoing TANGO price.

See the next section for more details.