What Makes Canto Network Different
Canto runs the Ethereum Virtual Machine (EVM), allowing for compatibility with Ethereum-based applications and smart contracts.
A decentralized exchange (DEX) designed with an emphasis on providing free liquidity. Unlike many DEXes, Canto's DEX can't be upgraded, has no official interface, and runs perpetually without the ability to implement fees.
Canto Lending Market (CLM):
An adaptation of Compound V2, the CLM offers a lending platform that uses an Automated Market Maker (AMM) system. The governance of this lending market is controlled by Canto stakers, ensuring alignment with the ecosystem's growth.
An over-collateralized unit of account token managed by the CLM. This currency is algorithmically balanced to maintain a value close to $1 and plays a pivotal role in the ecosystem, acting as a USDC/USDT soft-pegged stablecoin.
Zero Fee Liquidity Providing:
Canto provides zero fees for liquidity providers, a significant departure from traditional DeFi models, encouraging greater participation and fluidity in the marketplace.
Free Public Infrastructure (FPI):
Canto is structured to support free public infrastructure, striving to ensure that core DeFi protocols serve the community akin to public utilities, devoid of rent-seeking behaviors.
Decentralized and Community-Driven:
Canto boasts of no official foundation, presales, vesting, or venture backers. It positions itself as a platform by the community, for the community. Every Canto community member has the liberty to create resources, discussions, and engage in decisions concerning Canto.