Canto DEX - liquidity rails but make it public

✨About Canto✨ 

Canto is a decentralized exchange built with Cosmos SDK that runs the EVM on its execution layer. The primary difference between Canto and most other DEXs is that it doesn't charge the user LP fees to make swaps, which means that LPs don't earn additional swap fees. This is in line with Canto's vision of providing an exchange as a public service rather than as a private enterprise. 

From Messari: 

- Canto is a general-purpose Proof-of-Stake blockchain that embeds a decentralized exchange, lending market, and overcollateralized currency into the network. 

- These three core DeFi primitives are offered to users as Free Public Infrastructure — public utilities that are free to use in perpetuity. 

- Canto’s design choices represent a radically different approach to building blockchain applications that could catalyze an organic wave of developer adoption. 

However, a concentrated token distribution and reliance on liquidity mining could hinder the network’s long-term growth. Two important trends are occurring across crypto right now: 

Blue-chip DeFi application business models are converging. Rather than offering a single service in isolation, protocols are beginning to package exchange, lending, and stablecoin services together in one unified stack. 

Applications are choosing to leave generalized smart contract networks to create their own application-specific blockchains. While this approach forces applications to bootstrap their own network security, it allows for greater customizability and control over network incentives. Canto is an experimental smart contract network that combines both of these ideas together. Built on the Cosmos SDK, Canto is a general-purpose Proof-of-Stake (PoS) blockchain that embeds a decentralized exchange (DEX), lending market, and overcollateralized currency into the network. Canto views these three core DeFi primitives as public goods that should be offered to users for free. Altogether, Canto provides a unique approach to both application and network design that is aligned with the permissionless ethos of public blockchains. 

🔗 Useful Links 🔗 

► App: https://canto.io/ 

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