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LINK $12.72 -0.04%
HYPE $84.24 -1.00%
AAVE $129.65 -1.54%
SUI $0.8221 -0.01%
XLM $0.1895 -0.18%
ZEC $1,170.44 +1.09%

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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