Contango

Contango

A unique decentralized exchange offering expirable futures without order books or liquidity pools. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
€15—22m (Dealroom.co estimates Jul 2022.)
Road Town British Virgin Islands (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
USD20222023
Revenues<1m<1m
% growth-33 %
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Contango is a decentralized finance (DeFi) platform that operates across multiple blockchain networks, aggregating liquidity from various money markets to offer traders up to 14x leverage. The platform automates looping strategies using flash loans, enabling traders to open positions efficiently. Contango builds perpetual futures (perps) by borrowing on money markets, swapping on spot markets, and lending back on money markets, ensuring minimal price impact and high liquidity. The funding rate on Contango is determined by the lending and borrowing rates of the underlying money markets, making it 20 times less volatile than competitors like dYdX. Traders also benefit from earning 100% of any rewards offered by the underlying money markets. Contango serves DeFi traders looking for leveraged trading opportunities with low volatility and high liquidity. The business model revolves around transaction fees and interest rate differentials.

Keywords: DeFi, multi-chain, leverage, looping strategies, flash loans, perpetual futures, liquidity aggregation, low volatility, money markets, rewards.