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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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