Slide 1: Contango
° contan eo
Slide 2: Contango is the looping layer of DeFi
Contango is the looping layer of DeFi. Narratives come and go, but looping stays. contango.xyz
Slide 3: How looping works
How looping works Example of a wstETH/ETH loop, with ETH as margin contango.xyz
Slide 4: Loop on correlated assets
Loop on correlated assets LSTs LRTs USD rates 85% of volumes and 90% of open interest are on correlated pairs (e.g. wstETHETH) contango.xyz
Slide 5: Loop like perps
Loop like perps Trading perps with DeFi money markets offers the cheapest and most stable funding (source). 15% of volumes and 10% of open interest are on perps / non-correlated assets (e.g. ETHUSDC). contango.xyz
Slide 6: Market Fit
Market Fit +$3.5B total volume +$280M open interest +2,000 monthly active users +17,000 total unique users More stats available on Dune contango.xyz
Slide 7: How big is looping?
How big is looping? The total TVL of money markets and CDPs currently sits around $40B (source). TVL can also be interpreted as OI. If 30% of it is due to looping (Morpho argued it was 64%!), then looping open interest is at least $12B. Our current metrics show that volume/year is at least 10x bigge
Slide 8: Ecosystem
Ecosystem Deployed on Built on contango.xyz
Slide 9: Token utility
Token utility TANGO holders are rewarded for providing liquidity. * + * In the future, a portion of protocol revenue may be redirected to the treasury. contango.xyz
Slide 10: Allocations & vesting schedule
Allocations & vesting schedule Community 60.5% 3.0% contango.xyz
Slide 11: Contango v2 → Contango v3
Contango v2 → Contango v3 Contango has found a strong Product Market Fit where price discovery occurs on-chain, such as ETH derivatives (e.g. stETH) and USD derivatives (e.g. sUSDe). An even bigger market exists on products where price discovery occurs off-chain since DeFi traders get a worse price
Slide 12: Contango v3: build our spot market
Contango v3: build our spot market Swaps will be directed to a set of fillers via a dutch auction. Unlike UniswapX, our interface extends order types to enable smart contract execution both before and after the swap. Pull funds Deposit into lending market from user Contango v3 + + SPOT borrow Initiat
Slide 13: Contango v3: main features
Contango v3: main features Continuous Double Dutch Auction (CDDA) MEV and toxic flow Programmatic orders order type protection Price range with a decay Orders executed by fillers Use of multi-stage range curve in a time window cannot be sandwiched orders in CDDA Atomic transactions with Game theory of
Slide 14: Roadmap
Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 (*) dependent on Ethereum "Pectra" upgrade contango.xyZ
Slide 15: Public raise
Public raise We raised a seed of $4.5M at a $45M valuation. Cliff Vesting Investors 6 months 2 years Team 1 year 2.5 years We are raising $3M on Fjord with no cliff and vesting, at the same seed valuation of $45M. The Fixed Price Sale will start at 12pm UTC on the 21st of October 2024. contango.xyz
Slide 16: Team
Team Most of the team worked at Adaptive Consulting while building trading technologies together, e.g. ErisX exchange acquired by the Chicago Board Option Exchange (CBOE). DESIGN Anabel DEVs Ultrascre.eth (founder) Egill (founder) BIZ Alfredo Kamel (founder) Mitch contango.xyz
Slide 17: Partners
Partners Backed by Audited by Seen on contango.xyz
Slide 18: Slide 18