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Decentralized Finance. on Lightspeed Rails. > Layer 1 blockchain Built to deliver on the promise of defi through innovative incentive mechanisms & cutting edge performance. Canto is accessible, Transparent, decentralized, and free. BRIDGE IN BUILD ON CANTO. Explore Ecosystem.
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canto is a layer-1 blockchain built to deliver on the...
- What Is Canto? | Canto
What Is Canto? Canto is a permissionless general-purpose...
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Canto (CANTO) is an EVM-compatible layer-1 blockchain with a core focus on making Decentralized Finance (DeFi) free to use. It forms part of the Cosmos (ATOM) ecosystem of interoperable chains and decentralized applications (Dapps) and has enjoyed a rapid ascent since its launch in August 2022, due to its original vision.
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- CORE Principles of Canto
- How Does Governance Work?
- Rapid Growth in Early 2023
- Cheat Sheet
With the goal of being a key blockchain within the DeFi movement, Canto’s primary stated goals include: 1. Offering zero fees for liquidity providers and enabling free liquidity for traders, protocols, and other participants. 2. Developing Free Public Infrastructure without the use of sovereign governance tokens or rent. 3. Bypassing interface-driv...
If it does not use a traditional governance mechanism, who controls the future development of Canto? The Canto decentralized exchange is designed to be ungoverned and will not implement any additional fees or launch a token. Stakers are responsible for governing and growing the lending market and to incentivize future developer work. And the algori...
Canto grew rapidly early in 2023 after news broke that crypto venture fund Variant had invested in a position of unknown size in Canto. Between December 2022 and late January 2023, the number of Canto users more than doubled. Canto’s total value locked (TVL) also more than doubled, from $66 million to $138 million, over a similar timeframe and alon...
Canto is a Cosmos-based layer 1 blockchain aiming to be a central part of the DeFi movement.It launched in August 2022 and saw rapid growth in trading volumes, value, and other metrics from December 2022 to January 2023.During that period, total value locked increased from $66 million to $138 million, while the number of Canto users more than doubled.Key features of Canto include its focus on developing Free Public Infrastructure without centralizing features like a foundation and a token presale.Canto is a Layer1 blockchain project based on the Cosmos SDK, dedicated to building a highly compatible platform for the DeFi sector with both EVM and Cosmos ecosystems. Unlike many emerging EVM chains, Canto pursues the utmost in decentralization, eschewing traditional investor models and relying on community-driven development.
Feb 16, 2023 · Canto is a permissionless Layer 1 blockchain compatible with the Ethereum Virtual Machine (EVM). It’s designed to deliver on the decentralized finance (DeFi) promise – that new models will be easily accessible, completely transparent, decentralized, and free via a post-traditional financial drive.
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