what's Dango?
Dango is a decentralized finance (DeFi) superapp designed to unify various trading and financial activities under one platform. It features a novel central limit order book (CLOB) with periodic auctions to mitigate frontrunning and MEV, alongside a passive market-making vault system that enables yield generation for users. The platform supports cross-collateralized trading across spot, perpetuals, real-world assets (RWAs), and prediction markets, all executed on-chain without gas fees, providing a seamless, wallet-less user experience through its unique account system. Built for both retail and institutional users, Dango emphasizes simplicity and efficiency, allowing spot assets to serve as collateral for leveraged positions. This antifragile design enhances liquidity and capital utilization during market volatility. The project has progressed through multiple testnet phases, integrating solutions like Hyperlane for fast multi-chain bridging, and engages the community via quests and incentives on platforms like Galxe.
Dango integrated Hyperlane for cross-chain, added ETH-USDC pair, and implemented withdrawal limits.
Links
x.com/dangoIntegrated with Hyperlane for cross-chain functionality.
Implemented a withdrawal rate limit allowing only up to 10% of total deposits from all users to be withdrawn every 24 hours as a safety precaution on Mainnet Alpha.
Over 430,000 OATs claimed on Galxe since the March launch, representing cumulative engagement across all campaigns, with the project continuing on Starboard platform.
Testnet-3 ends with 166,000 unique addresses and 98,000 OATs claimed. Mainnet Alpha launches first week of December 2025, public mainnet with spot exchange (listing ETH, SOL, BTC) in January 2026, perpetual futures and points campaign with OAT holder advantages in March 2026, and TGE scheduled for June 2026.
Testnet quest completes and experimental technologies deploy to the testnet, with expected chain instability during this phase.
The founder lost nearly all personal crypto holdings in the Stream platform collapse but confirms the project company and operations remain unaffected, and commits to continuing development.
The project abandons the previously announced 30,000 token supply plan due to community confusion and will launch with a more standard supply number instead.
Total token supply is 30,000 tokens, inspired by Yearn Finance's fair launch model where the founder received no tokens.
Final testnet adds social login functionality and achieves 5M+ total transactions in preparation for mainnet.
Testnet-3 is now live and represents the final testnet before mainnet launch, featuring a $6.9M trading volume goal for OAT reward eligibility.
Testnet-3 launches on Galxe as the final campaign before mainnet, offering limited edition OAT rewards to participants.
Announces 50% of total token supply will be distributed to non-insider app users gradually without vesting or pre-mining conditions.
Larry0x shared airdrop alpha on @ngmi_xyz last week.
Sponsors Perp-DEX Day at upcoming KBW conference
$100,000 audit contest launches September 15-28 through Sherlock, preceding new testnet deployment in early September with revamped order matching and TradingView integration.
Integrates Pyth Network's 400ms oracle feed with planned 1ms upgrade, enabling automated market making vaults for retail yield generation.
Implements proof-of-authority consensus without staking, featuring token buybacks as value accrual mechanism.
Critical DEX bug allows excess fund distribution, forcing testnet halt and requiring emergency fix.
Testnet-2 launches with CLOB exchange, offering NFT rewards for users reaching $1M trading volume across 3+ pairs.
Testnet-2 launching within two weeks featuring on-chain CLOB exchange with periodic auctions, passive liquidity pools, and Galxe-hosted testing program.
TradingView license rejection creates critical roadblock for trading interface; team must either delay mid-July testnet-2 launch or proceed with suboptimal charting solution.
Custom Rust-based Virtual Machine running on Tendermint consensus powers the fully on-chain infrastructure.
Initial testnet completes with 180k users and 1.75M transactions; AMM-orderbook hybrid DEX launches July.
$3.6M funding secured and testnet launches with active token testing program.
First public testnet launches with basic infrastructure; DEX feature coming in testnet-2 (June/July) and margin trading in testnet-3.