Contango is a unique decentralized exchange offering expirable futures 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.
Linear and Inverse Contracts
Choose between linear and inverse contracts, pick an expiry date, define leverage and forget about the unpredictable costs of funding rates.
Synthetic Futures
When you buy or sell a futures contract, Contango borrows on the fixed-rate market, swaps on the spot market, and lends back on the fixed rate market.
Contango doesn’t need its own liquidity pool. Instead, it takes advantage of the deep liquidity pools of underlying protocols to offer you a minimal price impact for any trade size.
NFT as Positions
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.
