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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.

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.