Regrettably, we've made the decision to wind down the Dango project. Despite our best effort, various reasons have led us to conclude there is no viable path to a lasting commercial success. Funds are safe. Limits to withdrawals will be lifted shortly. We encourage you to close positions and withdraw funds. Be careful of slippage, as liquidity is expected to be thin. On Wednesday, July 29, 12 pm UTC, trading will be halted. Remaining positions will be closed at oracle price. DLP vault deposits will be unlocked. All funds will be returned as USDC to your spot accounts. On Wednesday, August 13, 12 pm UTC, the Dango L1 blockchain will stop running. Deposits not withdrawn at this point will be refunded to their deposit addresses on Ethereum. To our users: thank you for the support, and we're deeply sorry for not being able to make it work.

Dango Grand Royale 2 is live 🚀 Another @dango competition is here, bigger pool, tiered boosts, 7 days to climb -> up to $3,000 prize pool -> up to 300% point boost on all pairs, scales with your volume -> rewards unlock as community volume grows 🗓️ 22 Jul → 29 Jul, 12PM UTC Grab the rewards 👇

Clash of Perps x @dango Trading Competition Trade on Dango, build your empire, raid others, and climb the leaderboard. Pre-registrations are live now! Dates: July 22 (12:00 UTC) — July 28 (10:00 UTC)

Every Summer Boost has produced new leaderboard climbers. Wonder who it’ll be this week. Summer Boost #3# is live with @cedeflow. 🏆 Up to $3,000 in rewards 🍡 Up to 300% points boost

Quick update from the @dango team. We have recently focused effort on two fronts: onboarding liquidity, and improving the infrastructure. Growing liquidity is genuinely difficult in today's market. Without it, it's difficult to ship new features, such as advanced order types and new asset listings. We have made solid progress on this front, reaching preliminary agreements with multiple top-tier market makers, who will bring their own liquidity to Dango, as well as managing the DLP vault. As we are speaking, the deals are going through the lawyers and the compliance departments, which is out of our control and can take a frustratingly long time. However, we believe we're seeing the light at the end of the tunnel, and will have good news to share soon. On the infrastructure front, we have shipped two changes: 1. A reduction of block time from ~350 ms to ~225 ms, thanks to a number of efficiency improvements in the code. We can go even lower, with the eventual goal of sub-100 ms, matching the industry leader (Hyperliquid), but we take it step-by-step. With this, expect a more responsive webapp, and lower latency for algo trading. 2. An improved API. We have split the API into two: a "Live API" that serve most up-to-date, continunously streaming data, with low latency, suitable for bot trading; an "Archive API" that serves historical data and statistics, suitable for block explorer and data analysis. Additionally, we're switching the API protocol from GraphQL to REST (for one-time requests) and WebSocket (for streaming and interactive sessions), which most algo traders find easier to work with. The GraphQL API may be deprecated in the future. Check the latest API docs here:

Moving liquidity between venues shouldn’t feel like a bridge, withdrawal, deposit, wait, repeat. With @swapperfinance you can now deposit directly into Dango from Hyperliquid, Lighter and Polymarket. Less friction. More trading. This is what better UX looks like🍡

Another 1.2M points distributed. This week we saw some new challengers pushing for all-time volume records. The next phase is close. More liquidity. More markets. More competition. 🍡

The best deposit flow is the one users barely have to think about. Cards, Apple Pay, Google Pay, CEXes, any chain, and more now connect through one Swapper-powered deposit flow. Swapper powered Direct Deposits are live on @dango.

You guys loved the first @dango Summer Boost, so we brought it back with even better volume thresholds 🔥 - Up to 300% point boost - Up to $3,000 in rewards Dango Summer Boost #2# starts now.

Feels like Dango is about to enter a completely different phase. Tier 1 MMs onboarding. Equities and commodities hitting testnet. Our first trading competition starts tomorrow. New integrations rolling out almost weekly now. Feels like we’re preparing for launch🍡

Dango keeps growing More integrations More liquidity More ways for users to just Dango Excited to be integrating with @cedeflow to help let retail users market make directly within the Dango eco Users who sign up using Cede’s referral code will also receive a 50% points boost for 1 week 🍡

Earlier today, Dango experienced a security incident. An attacker exploited a bug in the insurance fund's logic and drained USDC collateral held in the perps contract. The bug is that the insurance fund allows anyone to donate to it, but it fails to check that the donation amount is positive. This issue is isolated to the insurance fund donation logic, which has now been removed, and does not impact order matching, PnL settlement, liquidation, or any other part of the trading system. Thanks to a bridge rate limit in place, the damage is limited: the attacker was able to bridge $410,010 USDC off to Ethereum while the bulk of the exploited funds ($1,490,012) remain on Dango and are recoverable. The attacker is: Dango account: 0x023ef9e3e20caca6ef3743cbfba6469d69978999 Ethereum account: 0x271d1f2f4194e61f2a17ea82d82e31cea9f6762a In the meantime, we have paused the chain and are now recovering the $1,490,012 stuck in the exploiter's account that they were unable to bridge out of Dango. We have also contacted the team at @SEAL_911 who have since notified @circle and all major exchanges. All affected users will be made whole. The protocol will be fully operational again soon. We invite the exploiter to reach to us at info@leftcurve.io and negotiate a bug bounty. The points program will be postponed until a later date. More updates to follow.