CONTANGO

Contango builds futures on top of spot and money markets. By aggregating the +$7B liquidity of spot markets and tapping into the +$13B liquidity of money markets, Contango offers traders a minimal price impact... Contango builds perps by automating looping strategies, through flash loans. When a trader opens a position, the protocol borrows on the money market, swaps on the spot market, then lends back on the money market.