1/ AIRDROP HUNT 🪂
𝗖𝗢𝗡𝗧𝗔𝗡𝗚𝗢
@Contango_xyz is bringing expirables to DeFi in Arbitrum. Buy or sell assets at a set price and date in the future without order books or liquidity pools
#airdrop #airdrops
⏳Estimated time : 10min
💲Cost : less than $2 gas & trading fees
𝗖𝗢𝗡𝗧𝗔𝗡𝗚𝗢
@Contango_xyz is bringing expirables to DeFi in Arbitrum. Buy or sell assets at a set price and date in the future without order books or liquidity pools
#airdrop #airdrops
⏳Estimated time : 10min
💲Cost : less than $2 gas & trading fees
2/
💠 How does this protocol work ?
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
At maturity, Contango offers both physical delivery and cash-settlement
💠 How does this protocol work ?
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
At maturity, Contango offers both physical delivery and cash-settlement
3/
Good to know :
▫️Contago is audited, you can find full report here :
github.com
▫️They are listed on #Arbitrum official Portal :
portal.arbitrum.io
▫️Here's a full guide to explain how Contagos works :
medium.com
Good to know :
▫️Contago is audited, you can find full report here :
github.com
▫️They are listed on #Arbitrum official Portal :
portal.arbitrum.io
▫️Here's a full guide to explain how Contagos works :
medium.com
portal.arbitrum.io/?search=contago
Arbitrum Portal - Your Gateway Into the Arbitrum Ecosystem
Welcome to the Arbitrum Portal, your gateway into the Arbitrum ecosystem. Explore the dapps, wallets...
github.com/contango-xyz/c…
core/ABDK_Contango_Core_v_1_0.pdf at master · contango-xyz/core
Contango production smart contracts. Contribute to contango-xyz/core development by creating an acco...
medium.com/contango-xyz/t…
The ultimate guide on how to Contango 💃
The information provided below is for research purposes only. It should not be used as investment ad...
4/
💠AIRDROP STRATEGY💠
1️⃣ Go to : bit.ly
Connect your wallet to Arbitrum chain
On the left side, you find the trading panel
💠AIRDROP STRATEGY💠
1️⃣ Go to : bit.ly
Connect your wallet to Arbitrum chain
On the left side, you find the trading panel
5/
▫️In this strategy, you have to open a Long or Short position on any pair with any amount
▫️I use DAI-USDC pair because it allows to open a trade with less than $7
If you want some exposure to $ETH the min collateral is around $50
▫️In this strategy, you have to open a Long or Short position on any pair with any amount
▫️I use DAI-USDC pair because it allows to open a trade with less than $7
If you want some exposure to $ETH the min collateral is around $50
6/
2️⃣ Open a position
🔸Select DAI-USDC pair
🔸Set a LONG position
Minimum order size is 220 (This is not the amount you will pay)
🔸Set maximum leverage 33.3x
Now you can see that amount to deposit as collateral is $6.87
🔸Press Open Position and validate with your wallet
2️⃣ Open a position
🔸Select DAI-USDC pair
🔸Set a LONG position
Minimum order size is 220 (This is not the amount you will pay)
🔸Set maximum leverage 33.3x
Now you can see that amount to deposit as collateral is $6.87
🔸Press Open Position and validate with your wallet
7/
3️⃣ Close your position
Your trade appears in Open Position :
🔸If you are there for trading, you can keep your position & open others
Longing $ETH until september is basically free now (+0.01% basis) NFA
🔸If you are only speculating on airdrop, you can close your trade
3️⃣ Close your position
Your trade appears in Open Position :
🔸If you are there for trading, you can keep your position & open others
Longing $ETH until september is basically free now (+0.01% basis) NFA
🔸If you are only speculating on airdrop, you can close your trade
8/
Note that :
▫️Using expirables on Contango is substantially cheaper than perps DEX
▫️Funding fees on perp platforms are unpredicatble, they change every hour, whereas expirables have a basis rate which is known upfront
Check this tweet :
Note that :
▫️Using expirables on Contango is substantially cheaper than perps DEX
▫️Funding fees on perp platforms are unpredicatble, they change every hour, whereas expirables have a basis rate which is known upfront
Check this tweet :
9/
4️⃣ Complete Galxe Early Supporteeer :
galxe.com
This campaign does require:
🔸Join discord
🔸Follow Contago on Twitter
🔸Make a retweet
🔸Visit the dAPP
4️⃣ Complete Galxe Early Supporteeer :
galxe.com
This campaign does require:
🔸Join discord
🔸Follow Contago on Twitter
🔸Make a retweet
🔸Visit the dAPP
10/
5️⃣ Complete Galxe Early Tradeeer :
galxe.com
This campaign does require:
🔸Follow Contago on Twitter
🔸Make a retweet
🔸Placed a trade ( we just did )
5️⃣ Complete Galxe Early Tradeeer :
galxe.com
This campaign does require:
🔸Follow Contago on Twitter
🔸Make a retweet
🔸Placed a trade ( we just did )
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