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ProtocolsContango V2

INCLUDE IN STATS:
Information
TVL
Derivatives Volume

Contango V2

Total Value Locked
$6.81m
Chain Breakdown
Arbitrum$2.84m
Ethereum$1.92m
Gnosis$1.14m
Optimism$468,070
Base$278,784
Polygon$171,387
Include in TVL (optional)
$33.69m
$33.69m
$7.14m

Protocol Information

Contango offers perps built via looping on money markets.

Category:Derivatives

Methodology

TVL: Counts the tokens locked in the positions to be used as margin + user's tokens locked in the protocol's vault. Borrowed coins are discounted from the TVL, so only the position margins are counted. The reason behind this is that the protocol only added the user's margin to the underlying money market. Adding the borrowed coins to the TVL can be used as a proxy for the protocol's open interest.