CantoPicasso x Canto: Expanded Interoperability via IBC
We are thrilled to announce that Canto is now live on Picasso. This integration is another step toward full interoperability in and out of Canto, enabling an Inter-Blockchain Communication (IBC) connection via Picasso allows Canto to operate seamlessly on various chains that were previously inaccessible, including Polkadot, Ethereum, Solana and more.Vision with Picasso and Available AssetsCanto’s vision is to fulfill the promise of DeFi, embracing a future that is inherently multi-chain. Cant...
CantoCanto Genesis
We’re nearing the public launch of Canto, a Layer 1 blockchain providing core DeFi primitives designed to support the Free Public Infrastructure. We’re excited to invite the community to review the following details on token distribution for the Canto network, including the inaugural liquidity mining incentives, and grants for eligible participants in the Settlers of Cantos testnet event.Genesis BlockAt genesis, 1B tokens were minted. The tokens will be distributed in the following manner:Con...
CantoCanto Launch Sequence
As the Canto launch approaches, the development team has prepared a timeline for the Canto community. The sequence will begin with Settlers of Canto, a dress rehearsal for the Canto launch, followed by protocol activations, and Canto’s inaugural liquidity mining program.July 16th, 11AM CT: Settlers of CantoStarting at 11AM CT, we will open up our testnet for interested users to get early access to Canto. For access, please head to settlers.canto.io and enter the necessary information. By Satu...
Canto is a Layer-1 blockchain built to deliver on the promise of DeFi. It's a new commons powered by Free Public Infrastructure.
CantoPicasso x Canto: Expanded Interoperability via IBC
We are thrilled to announce that Canto is now live on Picasso. This integration is another step toward full interoperability in and out of Canto, enabling an Inter-Blockchain Communication (IBC) connection via Picasso allows Canto to operate seamlessly on various chains that were previously inaccessible, including Polkadot, Ethereum, Solana and more.Vision with Picasso and Available AssetsCanto’s vision is to fulfill the promise of DeFi, embracing a future that is inherently multi-chain. Cant...
CantoCanto Genesis
We’re nearing the public launch of Canto, a Layer 1 blockchain providing core DeFi primitives designed to support the Free Public Infrastructure. We’re excited to invite the community to review the following details on token distribution for the Canto network, including the inaugural liquidity mining incentives, and grants for eligible participants in the Settlers of Cantos testnet event.Genesis BlockAt genesis, 1B tokens were minted. The tokens will be distributed in the following manner:Con...
CantoCanto Launch Sequence
As the Canto launch approaches, the development team has prepared a timeline for the Canto community. The sequence will begin with Settlers of Canto, a dress rehearsal for the Canto launch, followed by protocol activations, and Canto’s inaugural liquidity mining program.July 16th, 11AM CT: Settlers of CantoStarting at 11AM CT, we will open up our testnet for interested users to get early access to Canto. For access, please head to settlers.canto.io and enter the necessary information. By Satu...
Canto is a Layer-1 blockchain built to deliver on the promise of DeFi. It's a new commons powered by Free Public Infrastructure.
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With Canto’s fifth month of liquidity mining incentives ending soon, early contributors propose to the DAO a reduction in network emissions to improve the program’s sustainability and align Canto stakeholders.
Across two proposals, contributors call to reduce security emissions by exactly 20% and reduce liquidity mining incentives by approximately 26% across the board:
The proposal to reduce security emissions is to be submitted to the DAO at ~11AM Eastern Time on Thursday, January 12th.
The proposal to reduce liquidity mining incentives is to be submitted to the DAO approximately one week later, at ~11AM Eastern Time on Thursday, January 19th.
Information about the new parameters and the rationale for their updated values is provided below.
After achieving deep liquidity in the Canto DEX and Canto Lending Market, contributors are looking to optimize the long-term sustainability of Canto’s incentives program by tapering security and liquidity mining incentives.
With the adjusted values, contributors hope to maintain as much liquidity as possible within Canto’s Free Public Infrastructure, while taking a meaningful step towards reducing Canto’s inflation.
Network security emissions will be reduced by 20% compared to the previous period, with an inflation rate of 8 CANTO per block, minting ~3.5m new CANTO tokens in the upcoming 30-day period.
Currently ~53% of the circulating CANTO supply is staked for network security. The proposed emissions adjustment is designed to ensure the staked supply ratio stays within a target range of 40-50% while still decreasing $CANTO’s inflation rate.
Liquidity mining parameters will face a reduction across the board compared to the previous period, with liquidity mining incentives dropping to a total of 53.4 CANTO per block, minting ~23.4m new CANTO tokens to LP token holders in the upcoming 30-day period.
Overall, this represents a ~26% reduction in liquidity mining rewards. Additionally, the allocation of liquidity mining rewards amongst DEX and lending market pools will be adjusted:
CANTO/NOTE: 25.6 CANTO per block (-20%)
ETH/CANTO: 11.2 CANTO per block (-30%)
ATOM/CANTO: 11.2 CANTO per block (-30%)
NOTE/USDC: 2.4 CANTO per block (-40%)
NOTE/USDT: 2.4 CANTO per block (-40%)
cUSDC: 0.3 CANTO per block (unchanged)
cUSDT: 0.3 CANTO per block (unchanged)
The programs will begin immediately when their respective proposals are executed on-chain.
Canto is a Layer 1 blockchain built to deliver on the promise of DeFi – that through a post-traditional financial movement, new systems will be made accessible, transparent, decentralized, and free. Created by a loosely organized collective of chain-native builders, Canto is a new commons powered by Free Public Infrastructure.
With Canto’s fifth month of liquidity mining incentives ending soon, early contributors propose to the DAO a reduction in network emissions to improve the program’s sustainability and align Canto stakeholders.
Across two proposals, contributors call to reduce security emissions by exactly 20% and reduce liquidity mining incentives by approximately 26% across the board:
The proposal to reduce security emissions is to be submitted to the DAO at ~11AM Eastern Time on Thursday, January 12th.
The proposal to reduce liquidity mining incentives is to be submitted to the DAO approximately one week later, at ~11AM Eastern Time on Thursday, January 19th.
Information about the new parameters and the rationale for their updated values is provided below.
After achieving deep liquidity in the Canto DEX and Canto Lending Market, contributors are looking to optimize the long-term sustainability of Canto’s incentives program by tapering security and liquidity mining incentives.
With the adjusted values, contributors hope to maintain as much liquidity as possible within Canto’s Free Public Infrastructure, while taking a meaningful step towards reducing Canto’s inflation.
Network security emissions will be reduced by 20% compared to the previous period, with an inflation rate of 8 CANTO per block, minting ~3.5m new CANTO tokens in the upcoming 30-day period.
Currently ~53% of the circulating CANTO supply is staked for network security. The proposed emissions adjustment is designed to ensure the staked supply ratio stays within a target range of 40-50% while still decreasing $CANTO’s inflation rate.
Liquidity mining parameters will face a reduction across the board compared to the previous period, with liquidity mining incentives dropping to a total of 53.4 CANTO per block, minting ~23.4m new CANTO tokens to LP token holders in the upcoming 30-day period.
Overall, this represents a ~26% reduction in liquidity mining rewards. Additionally, the allocation of liquidity mining rewards amongst DEX and lending market pools will be adjusted:
CANTO/NOTE: 25.6 CANTO per block (-20%)
ETH/CANTO: 11.2 CANTO per block (-30%)
ATOM/CANTO: 11.2 CANTO per block (-30%)
NOTE/USDC: 2.4 CANTO per block (-40%)
NOTE/USDT: 2.4 CANTO per block (-40%)
cUSDC: 0.3 CANTO per block (unchanged)
cUSDT: 0.3 CANTO per block (unchanged)
The programs will begin immediately when their respective proposals are executed on-chain.
Canto is a Layer 1 blockchain built to deliver on the promise of DeFi – that through a post-traditional financial movement, new systems will be made accessible, transparent, decentralized, and free. Created by a loosely organized collective of chain-native builders, Canto is a new commons powered by Free Public Infrastructure.
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