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LINK $8.25 -1.64%
HYPE $60.29 -4.10%
AAVE $90.90 -1.66%
SUI $0.7403 -0.98%
XLM $0.1870 -1.28%
ZEC $549.23 +1.28%

The expiring futures agreement Contango will launch a public testnet on Arbitrum

2022-12-15 13:36:58
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ChainCatcher news, the futures protocol Contango officially tweeted that it will launch a public testnet on Arbitrum in a few days. Contango has received investment from Coinbase Ventures. When traders open positions on Contango, the protocol borrows in the fixed-rate market, exchanges in the spot market, and then lends in the fixed-rate market, providing physical delivery upon expiration.

Additionally, the announcement mentioned that users who join the Discord community will have the opportunity to participate in the testing early; for safety reasons, the test version will limit trading volume during the launch phase. (source link)

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