Contango Protocol is a DeFi platform that enables users to create futures positions with leverage without an end date and with lower funding costs. To achieve this, the protocol uses automatic "looping" strategies like lending and borrowing on the money and spot markets.
Contango Protocol successfully raised $7.92M from ParaFi Capital, Advanced Blockchain AG, dlab, Coinbase Ventures, Spartan Group, and AngelDAO.
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