Find out what noteworthy items are available on Canto
By Leo, BlockBeats
Recently, Cosmos based L 1 public chain Canto public chain has attracted a lot of attention. With CANTO breaking $0.48 (record high) and Canto TVL breaking $200 million (record high), the Canto ecology has recently seen an uptick. BlockBeats summarizes the Canto Eco-project as follows:
DeFi
cantoswap.fi is an AMM protocol and liquidity pool designed to enable efficient trading between crypto assets. Trading activity on cantoswap.fi uses fees as revenue for liquidity providers, resulting in a decentralized marketplace and trading experience. Instead of using traditional limit order books, cantoswap.fi utilizes decentralized pools of liquidity to facilitate trading.
The cantoswap.fi protocol is designed without a license so that its services are completely open to the public. Teams do not have the ability to selectively restrict access, and anyone can swap, provide liquidity, or create new markets at will. Each version of cantoswap.fi will rely on the Canto chain.
forteswap is the Dex on Canto, through which users can swap and add liquidity to Canto-related asset toekn.
Encanto is forteswap's LP reward engine. Through Encanto, users can pledge ForteSwap LP tokens in its pool to receive ENC token rewards, where the liquidity provided is highly incentivize and most likely to result in a positive ROI.
LeetSwap is an emerging Dex on the Canto chain focused on maintaining a secure, fast and user-friendly experience, with the token LEET, The Dex currently features zero transaction fees, liquidity mining, pledge, dynamic Jeet tax, community farm and community token incentives.
Slingshot is a Dex aggregator platform that currently supports Arbitrum one, Arbitrum nova, BNB chain, Canto, Optimism, Polygon and other chains, with Osmosis coming soon. In contrast to traditional Dex platforms, Slingshot focuses on ease of use and user experience, with a website interface that provides a trend curve for encrypted tokens, low Gas trading features, and on-chain social features on which users can send messages.
Thoth is the winning project at Canto Online Hackathon, which uses internal encryption in the Ethereum EVM to bind real-world parts into legally binding protocols.
Y2R Finance is a DeFi Revenue optimizer project. Through a set of smart contracts and automatic revenue strategies, Y2R automatically maximizes user returns from various LP, AMM projects and other liquidity mining in the DeFi ecosystem, with significant advantages over manual operation. Y2R will automatically change the user's APY to APR. With its smart contracts all deployed on Canto, Y2R is committed to building a free public infrastructure and giving control of the protocol back to the user through complete decentralization.
Leverage Finance is a decentralized lending agreement where users can join separate lending pools as lenders or borrowers, and lenders can provide tokens to any of the lending pools for passive gains without permanent losses. Borrowers can deposit LP tokens in the lending pool to borrow other tokens in the token pair, which enables borrowers to leverage their LP tokens to acquire more LP tokens, allowing liquidity mining and more LP rewards.
NFT market
Alto is a zero-fee NFT marketplace on Canto, packaging collectibles and intellectual property as NFT, allowing for invariant, unlicensed unmanaged trading and deep liquidity through DeFi. While Alto does not charge fees, creators can choose to set royalties and licensing rates for their NFT. The current No. 1 NFT is Canto Longnecks, with 3.95 million Cantos traded, 3,700 Cantos flooring and 740 holders.
Canto Moon is an upcoming NFT trading market on Canto. There are not many NFT series listed above Canto Moon. It is worth noting that Canto Moon has its own token CMOON which can be used for liquidity mining, pledge, mint NFT.
Span bridge
Gravity Bridge is a Cosmos-based IBC-enabled blockchain that currently has 166 validators in the network, allowing Ethereum assets to be straddled into the Cosmos ecosystem, with a mechanism based on an "external validation" model. The smart contract itself does not rely on any proxy contract, relying only on the network's entire set of validators to apply a multi-signer approach, allowing the network to operate in a trust-free and permission-free manner. The Gravity Bridge blockchain's full set of validators is used to send and relay transactions unlike other blockchains that use centralized multiple signers or private nodes and signer groups.
Synapse is a general interoperability protocol that enables secure cross-chain communication. Synapse connects blockchains by providing a scalable cross-chain messaging protocol that supports assets, smart contract calls, and more. By leveraging Synapse, blockchains can collaborate easily and securely, allowing developers to build true cross-chain applications, including cross-chain Dex, lending platforms, margin systems, derivatives markets, income aggregators, and more.
Infra
Ansybl is a PoS infrastructure and services provider dedicated to supporting PoS blockchain networks by providing reliable and secure validators and pledge services.
CANTO NAME SERVICE is Canto's domain name service, which adopts the "anti-monopoly pricing mechanism". For CNS, there is no arbitrary pricing for each character length; No large-scale squatting; There is no extra charge for registration of expired domain names, and the 1-2 domain character will be available at launch, launching on 6 February.Click to learn
NeoBase is a protocol dedicated to the user's wallet security, through which an "insurance measure" can be added to the wallet. The user can decide the ownership of the wallet insurance measure in the protocol, and can have one or more owner control. When the wallet is confirmed, it needs to sign more confirmation before it can be authorized, which better ensures the security of the wallet authorization. There is a Gas fee to be paid.
Canto Public Messaging Service
CMPC is an on-chain messaging protocol on Canto that can deliver messages in the form of letters on the chain to the associated Canto wallet address, requiring the purchase of stamps, each set of which is worth 10 CANTO. The agreement also comes with a Gas Station feature to which Gas can be donated in the form of mint NFT in units of 50 CANTO, with 20% of each donation going towards the maintenance of the service and 80% towards the community Gas pool.
Meme Coin
Canto Inu (CUNU) is a Meme Coin similar to DOGE icon, which can be pledged Canto Native Dex LP token mining to increase the user CANTO holding. WCANTO is earned by depositing CINU or CANTO LP tokens, with an initial CINU supply of 1 quadritrillion.
Happy Rabbit is a Meme Coin project based on the famous Meme "follow the white rabbit" on Canto. Its liquidity comes from the wallet without raising funds from the community. The token is RAB. RAB pledges and those who deposit RAB/ATOM and RAB/CANTO pairs into the Forteswap pool will be rewarded, Happy Rabbits NFT has also been launched with a total supply of 2222.
GameFi
Kanto Game
Kanto Game is the first chain game based on Canto, and has built the largest DC community of all Canto projects. The gameplay is similar to Pokemon. Find and fight Kantmon on the map, and capture Kantmon by choosing your own Kantball.
Betoad Gaming is a dice game on Canto, which has no official website yet, and the team is working on a Casino-fi protocol that will allow users to earn rewards by depositing Canto-related tokens (BETO, CHIP, NOTE, WCANTO) in addition to the game.
Wallet
There are not many wallets supported by Canto at the moment. There are four, namely MyEtherWallet multi-chain wallet.Enkrypt; Cosmos Eco Wallet Keplr; Terra's Unhosted Wallet Leap Wallet;MetaMask.
In general, Catno Eco-defi has more projects, while the depth of other track projects is not perfect. Many projects come from its Hackathon competition, and the development, use cases and users of its projects are mostly "in progress", but it is also worth paying attention to. We expect Canto to conduct more research and improve to become an attractive ecology.
Reference link
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