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What is Contango?

Contango is a unique decentralized market offering expirables, contracts to buy or sell an asset at a set price and date in the future. Contango achieves that 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 an expirable position on Contango

Contango main features

​🔁 Long or short - with an expiry

Choose an instrument and a side (long/short), pick an expiry date, define leverage and forget about the unpredictable costs of funding rates.

​🤓 Synthetic contracts

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 an expirable 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.

​🛠️ DeFi composability

Every position is tokenized as an NFT enabling other projects to easily build on top of Contango.

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🤝
 Delivery

At expiry, Contango allows traders to have their position physically delivered or to settle it through cash (i.e. cash settlement).
Next - Basics
What are expirables?
Last modified 7mo ago