Contango price

TANGO

Contango is a DeFi protocol that lets you loop anything on-chain. You can:

• Lever up on the yield of liquid staking and restaking assets, such as stETH or eBTC.
• Lever up on the fixed yield of Pendle’s PTs.
• Create leveraged positions similar to perps, but with the cheapest funding in crypto.
• Arbitrage rate differentials on stablecoins.
• Farm rewards, airdrops, and points on leverage.

More use cases here.

TANGO is Contango’s utility token, with a total supply of 1,000,000,000 and represents the centerpiece of the protocol’s tokenomics, aka TANGOnomics.

TANGOnomics initially aims at deepening TANGO liquidity and incentivizing growth by rewarding both stakers and traders, the main players of the Contango ecosystem:

• Stakers can provide liquidity on the TANGO/ETH Balancer pool (more on this below) and lock LP tokens on Contango, to be rewarded with 100% of protocol fees (depending on their share of locked tokens) as well as with Balancer trading fees and BAL incentives.
• Traders accrue points when trading on Contango, which entitles them to a share of TANGO rewards, up to 2% of the total supply per year.

This simple design allows anyone to join the Contango ecosystem and earn by being either a trader, a staker, or both.

Read the full TANGOnomics here.

App Docs Messari report Delphi Digital report