Contango Asset Manager Profile - aVenture Research
Contango is a decentralized finance (DeFi) platform specializing in expirable futures trading. The platform aims to provide traders with more predictable costs by offering futures contracts with set expiry dates, as opposed to the perpetual futures common in DeFi. Contango's typical investment focus is on developing and expanding its DeFi trading infrastructure.
The platform utilizes automated looping strategies and flash loans to build trading positions. When traders open positions, Contango borrows from money markets, executes swaps on spot markets, and then lends back to money markets. This innovative approach allows for efficient trading of expirable futures in the DeFi space, addressing the unpredictability of funding rates in perpetual futures contracts.
Classification
NAICS
52Finance and InsuranceEdition: 2022
SIC
60Depository InstitutionsEdition: 1987
Industry
Financial Services Companies
Money Exchange Providers
Show 5 more industry codes
NAICS
522Credit Intermediation and Related ActivitiesEdition: 2022
5223Activities Related to Credit IntermediationEdition: 2022
522320Financial Transactions Processing, Reserve, and Clearinghouse ActivitiesEdition: 2022
SIC
6090Functions Related To Depository Banking
6099Functions Related To Depository Banking, Not Elsewhere Classified