@Contango_xyz is bringing expirables to DeFi in Arbitrum. Buy or sell assets at a set price and date in the future without order books or liquidity pools
โณEstimated time : 10min
๐ฒCost : less than $2 gas & trading fees
2/ ๐ How does this protocol work ?
When a trader opens a position, the protocol :
โซ๏ธborrows on the fixed-rate market,
โซ๏ธswaps on the spot market,
โซ๏ธthen lends back on the fixed-rate market
At maturity, Contango offers both physical delivery and cash-settlement