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TRX $0.3343 +1.15%
DOGE $0.0881 +4.21%
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BCH $253.84 +0.45%
LINK $11.99 +2.66%
HYPE $85.95 +1.05%
AAVE $131.63 -0.07%
SUI $0.7979 +6.07%
XLM $0.1843 +2.87%
ZEC $1,036.88 -0.18%

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

2022-12-15 13:36:58

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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