Oct. 16: Contango, a decentralized market that builds futures on high of cash markets, has introduced its flasgship product, cPerps, to Optimism, after a profitable launch on Arbitrum lately, in line with a message from the workforce.”CPerps are constructed by automating a looping technique on cash markets utilizing flash loans. Looping, also called recursive borrowing and lending, is the DeFi-native manner of leveraging on-chain. At present Contango has built-in with Aave, the main lending market in DeFi, to faucet into its $4.6B liquidity. The workforce, nevertheless, plans to develop each horizontally, to extra chains, and vertically, to more cash markets.” (The debut of cPerps was reported in Protocol Village on Oct. 4.) $OP $ARB
