1/ AIRDROP HUNT ๐ช
๐๐ข๐ก๐ง๐๐ก๐๐ข
@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
โณEstimated time : 10min
๐ฒCost : less than $2 gas & trading fees
๐๐ข๐ก๐ง๐๐ก๐๐ข
@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
โณEstimated time : 10min
๐ฒCost : less than $2 gas & trading fees
2/
๐ How does this protocol work ?
When a trader opens a position, the protocol :
โซ๏ธborrows on the fixed-rate market,
โซ๏ธswaps on the spot market,
โซ๏ธthen lends back on the fixed-rate market
At maturity, Contango offers both physical delivery and cash-settlement
๐ How does this protocol work ?
When a trader opens a position, the protocol :
โซ๏ธborrows on the fixed-rate market,
โซ๏ธswaps on the spot market,
โซ๏ธthen lends back on the fixed-rate market
At maturity, Contango offers both physical delivery and cash-settlement
3/
Good to know :
โซ๏ธContago is audited, you can find full report here :
github.com
โซ๏ธThey are listed on #Arbitrum official Portal :
portal.arbitrum.io
โซ๏ธHere's a full guide to explain how Contagos works :
medium.com
Good to know :
โซ๏ธContago is audited, you can find full report here :
github.com
โซ๏ธThey are listed on #Arbitrum official Portal :
portal.arbitrum.io
โซ๏ธHere'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/cโฆ
core/ABDK_Contango_Core_v_1_0.pdf at master ยท contango-xyz/core
Contango production smart contracts. Contribute to contango-xyz/core development by creating an acco...
medium.com/contango-xyz/tโฆ
The ultimate guide on how to Contango ๐
The information provided below is for research purposes only. It should not be used as investment ad...
4/
๐ AIRDROP STRATEGY๐
1๏ธโฃ Go to : bit.ly
Connect your wallet to Arbitrum chain
On the left side, you find the trading panel
๐ AIRDROP STRATEGY๐
1๏ธโฃ Go to : bit.ly
Connect your wallet to Arbitrum chain
On the left side, you find the trading panel
5/
โซ๏ธIn this strategy, you have to open a Long or Short position on any pair with any amount
โซ๏ธI 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
โซ๏ธIn this strategy, you have to open a Long or Short position on any pair with any amount
โซ๏ธI 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/
2๏ธโฃ Open a position
๐ธSelect DAI-USDC pair
๐ธSet a LONG position
Minimum order size is 220 (This is not the amount you will pay)
๐ธSet maximum leverage 33.3x
Now you can see that amount to deposit as collateral is $6.87
๐ธPress Open Position and validate with your wallet
2๏ธโฃ Open a position
๐ธSelect DAI-USDC pair
๐ธSet a LONG position
Minimum order size is 220 (This is not the amount you will pay)
๐ธSet maximum leverage 33.3x
Now you can see that amount to deposit as collateral is $6.87
๐ธPress Open Position and validate with your wallet
7/
3๏ธโฃ Close your position
Your trade appears in Open Position :
๐ธIf you are there for trading, you can keep your position & open others
Longing $ETH until september is basically free now (+0.01% basis) NFA
๐ธIf you are only speculating on airdrop, you can close your trade
3๏ธโฃ Close your position
Your trade appears in Open Position :
๐ธIf you are there for trading, you can keep your position & open others
Longing $ETH until september is basically free now (+0.01% basis) NFA
๐ธIf you are only speculating on airdrop, you can close your trade
8/
Note that :
โซ๏ธUsing expirables on Contango is substantially cheaper than perps DEX
โซ๏ธFunding 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 :
โซ๏ธUsing expirables on Contango is substantially cheaper than perps DEX
โซ๏ธFunding fees on perp platforms are unpredicatble, they change every hour, whereas expirables have a basis rate which is known upfront
Check this tweet :
9/
4๏ธโฃ Complete Galxe Early Supporteeer :
galxe.com
This campaign does require:
๐ธJoin discord
๐ธFollow Contago on Twitter
๐ธMake a retweet
๐ธVisit the dAPP
4๏ธโฃ Complete Galxe Early Supporteeer :
galxe.com
This campaign does require:
๐ธJoin discord
๐ธFollow Contago on Twitter
๐ธMake a retweet
๐ธVisit the dAPP
10/
5๏ธโฃ Complete Galxe Early Tradeeer :
galxe.com
This campaign does require:
๐ธFollow Contago on Twitter
๐ธMake a retweet
๐ธPlaced a trade ( we just did )
5๏ธโฃ Complete Galxe Early Tradeeer :
galxe.com
This campaign does require:
๐ธFollow Contago on Twitter
๐ธMake a retweet
๐ธPlaced a trade ( we just did )
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