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Dango is a decentralised exchange on the blockchain that lets you trade spot, perpetual futures, and passive yield vaults, all with the same margin accounts. It has its own L1 chain and a fully on-chain central limit order book (CLOB), which means fast execution, tight spreads, and capital-efficient leverage without the problems that come with having multiple accounts.
Hack VC and Lemniscap led the project’s $3.6 million seed round in November 2024. Delphi Ventures and Cherry Ventures also took part. Dango has passive market-making vaults in addition to active trading. Users who don’t want to trade can put money into these vaults and earn a share of protocol fees and points each epoch.
Dango has confirmed that there will be a token airdrop connected to the DNG launch, with half of the total supply going to the community. Points build up over a maximum of 37 weeks in weekly epochs, with TGE planned for the fourth quarter of 2025. Each epoch gives out points and lootboxes based on how much trading was done during that time.
Visit Dango Exchange and link your EVM-compatible wallet (Rabby recommended). You’ll need USDC on Ethereum to start trading. Get some from Binance or bridge USDC to Ethereum mainnet using Rhino.
Go to the Dango dashboard and select Deposit & Withdraw. Enter your deposit amount, then click on Deposit and confirm the transaction in your wallet.
Start trading perps on Dango. The amount of trading you do is the main factor that determines your share. The more volume you create per epoch, the bigger your share will be. Traders get 75% of the points from every epoch.
You can put money into one of Dango’s passive yield vaults from the platform. Go to the Earn page from the dashboard and select how much you want to deposit to the Dango Liquidity Provider vault. Vault depositors get 25% of the points from every epoch, along with trading fees. This is a less active way for users to get exposure without trading.
After each epoch ends, go to the points dashboard to see your allocation and open any lootboxes you earned. Lootboxes are earned for each of the following trading milestones: $25K, $100K, $250K and $500K in trading volume. Lootboes contain NFTs with a random rarity and an unrevealed points value, which will be determined at the end of the points program.
Your personal referral link unlocks when the total trading volume reaches $10,000. Direct referrals get 1 point for every 5 points the person they referred earns, plus up to 40% of their trading fees across five levels of referrals.