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Contango, a decentralized finance (DeFi) platform, is set to launch its $TANGO token on October 21. The token launch will offer seed-level access at a $45 million valuation and $3 million up for grabs with no cliffs or unlocks at the Token Generation Event (TGE). Additionally, rewards will be available for traders and stakers. Contango has reported significant growth in Q3, with trading volume increasing by 251% to $2.4 billion, open interest rising by 42% to $269 million, and total value locked (TVL) up by 73% to $37 million. In other DeFi news, Twin Protocol has launched its $TWIN token on @SingularityDAO, available from October 15 to 21, with reserved users having until 14:00 on October 20 to secure their tokens.
Lending protocol updates โ ๐ @KaminoFinance achieved a net supply of $1.74B. ๐ @MorphoLabs crossed $1.6B+ in deposits & +68k users. ๐ @GearboxProtocol tripled its TVL while revenue grew by 600%. ๐ @eulerfinance v2's drove $11.06M net deposits in the first month since theโฆ
๐ Big news: @Contango_xyz $TANGO token launch drops Oct 21! โก๏ธ Seed-level access at $45M val ๐ฐ $3M up for grabs, no cliffs/unlocks at TGE ๐ฏ Rewards for traders/stakers ๐๏ธ Just dropped a deep dive on why Iโm excited about it at https://t.co/JYGkGH4D6D. https://t.co/FDXb1GNzlQ
๐ Big news: Contangoโs $TANGO token launch drops Oct 21! โก๏ธ Seed-level access at $45M val ๐ฐ $3M up for grabsโno cliffs/unlocks at TGE ๐ฏ Rewards for traders + stakers ๐๏ธ Just dropped a deep dive on why Iโm excited about it at https://t.co/JYGkGH4D6D. https://t.co/FDXb1GNzlQ