
Contango TANGOPrice $ 0.0205
TANGO Price
General Info
Contracts/Explorers:
Arbitrum
Funds and Backers
Contango (TANGO) Chart
TANGO to USD Converter

IDO
21 Oct 2024 — 22 Oct 2024
Raised
$ 3.00M
Price:
$ 0.045
ROI:
0.45x -54.6%
Platform:
N/A
ATH ROI:
2.69x +169%










What is Contango (TANGO)?
Contango is a DeFi protocol that enables users to create leveraged positions similar to perpetual futures contracts but with lower funding costs. It operates by automating "looping" strategies, which involve recursive borrowing and lending on spot and money markets. This allows users to take long or short positions on various assets across multiple blockchain networks.
The platform is highly composable, meaning it can support trading pairs on any blockchain that has both a spot market and a lending market. This flexibility allows users to diversify their trading activities across different chains and markets. Contango offers access to deep liquidity by aggregating liquidity from spot and money markets, and it provides some of the cheapest and most stable funding rates in the industry.
Additionally, Contango allows users to earn rewards, farm points, and participate in airdrops from the underlying protocols they interact with through the platform. The protocol's architecture supports a wide range of use cases, including delta-neutral strategies, yield farming with leverage, and arbitrage opportunities.
Contango Price Today
Contango's All Time High (ATH) of $ 0.121 was reached on 7 Dec 2024, and is currently -83.1% down.
The current circulating supply of Contango is 105.98 Million tokens, and the maximum supply of Contango is 1.00 Billion.
Contango’s 24 hour trading volume is $ 89.48.
Contango's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 2.17 Million.
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