Oct. 16: Contango, a decentralized market that builds futures on prime of cash markets, has introduced its flasgship product, cPerps, to Optimism, after a profitable launch on Arbitrum not too long ago, in accordance with a message from the group.”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 group, nonetheless, plans to broaden each horizontally, to extra chains, and vertically, to extra money markets.” (The debut of cPerps was reported in Protocol Village on Oct. 4.) $OP $ARB
