Third-party rewards
Last updated
Last updated
By design, almost any reward or incentive offered by the underlying money market can be accrued by Contango users, simply by trading. These rewards are often in the form of native tokens, like $COMP on Compound pairs, sometimes in the form of chain incentives like $OP on Silo or Exactly, or even in the form of plain cash incentives like $USDC on Moonwell.
Recently, the points-farming craze spilled over to Contango, as point-yielding assets were made available on money markets, like sUSDe on Morpho Blue, and as a consequence users started looping on them via Contango.
Bear in mind that:
Rewards are shown directly with their annualized yield next to each money market's APY (so it's extra yield on top of that APY). These rewards are not auto-compounded by Contango: they are claimable with the 'rewards' button at the top right of the app, or via external interfaces like app.merkl.xyz. We're working towards centralizing the rewards claiming process on Contango; meanwhile a detailed breakdown is displayed on the app for all rewards, with a few tags to explain the source and the claiming venue.
Points or confirmed airdrops are marked with the 🪂 icon next to each pair. Hover on the icon to see the details of each point accrual or airdrop eligibility criteria.
In some cases, Contango is able to detect unclaimed rewards (e.g. on Merkl) and make them available directly through its UI via the 'rewards' button at the top right of the app.
