News/Expirable Contracts Protocol Contango Live on Arbitrum

Expirable Contracts Protocol Contango Live on Arbitrum

Dec 16,2022,19:19

Contango, a DEX that offers expirable contracts, announced its Beta launch on Arbitrum. Currently, it provides three trading pairs, ETH/DAI, ETH/USDC, and DAI/USDC, and two maturities.

Contango aims to offer expirable contracts without an order book or liquidity pools, which allow traders to buy or sell assets at a specific date and price in the future. When a trader opens a position on Contango, the protocol borrows on the fixed-rate market, swaps on the spot market, then lends back on the fixed-rate market, with physical delivery provided by the protocol at expiry.

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