Contango V2

Contango builds looped positions by borrowing on an underlying money market and re-supplying, so a user gets levered exposure to a rate or yield spread without managing the loop. The $44,266,567 of borrowed notional against roughly $5.49m of net supplied TVL is the signature of a looping product (DefiLlama API, 26 Jul 2026). Contango builds looped positions by borrowing on an underlying money market and re-supplying, so a user gets levered exposure to a rate or yield spread without managing the loop. The $44,266,567 of borrowed notional against roughly $5.49m of net supplied TVL is the signature of a looping product (DefiLlama API, 26 Jul 2026). It aggregates looping across many external money markets rather than running its own, so it turns any third-party lending market into a one-click leverage venue. TVL roughly $5.49m; borrowed $44,266,567 as of 26 July 2026, split Ethereum $29,289,378, Arbitrum $5,252,391, Base $4,235,088, Optimism $3,245,931, Avalanche $1,131,670 (DefiLlama API). Maximum leverage: `n.a.` Yield sources: underlying money-market rate spreads on the markets it routes into. Liquidation mechanism: inherited from the underlying money market, evidenced by Contango's handling of frozen Aave rsETH markets below.

It aggregates looping across many external money markets rather than running its own, so it turns any third-party lending market into a one-click leverage venue.