Canto: Cosmos: Sorry, we're going to eat RWA dividends on Ethereum

Listed by: DODOResearch

Author: dt

Editor: Lisa

Canto's recent roadmap update

**Canto public chain is a public chain driven by the crypto community. **Designed to build L1 + DeFi to provide a series of free public infrastructure, fair launch with no VC and no fundraising, it is also loved by the crypto-native user community.

Recently, Canto's official Twitter announced changes to the latest roadmap of the project, Canto will migrate to the Ethereum ecosystem and cooperate with Polygon Lab, using Polygon CDK's technical services to bring Canto public chain into the Ethereum ecosystem to become one of the Ethereum ZK L2 public chains, Canto officially said that this update is for the next stage of the roadmap NeoFinance, Canto will introduce a large number of RWA In order to ensure higher scalability, liquidity and security, it was decided to leave the Cosmos ecosystem and join the embrace of the Ethereum ecosystem.

! [Canto: Sorry Cosmos, we're going to eat RWA dividends on Ethereum] (https://img-cdn.gateio.im/webp-social/moments-69a80767fe-f256503c2e-dd1a6f-69ad2a.webp)

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NeoFinance

Canto has announced that it is working with legally registered entities such as Hashnote and Fortunafi to bring profitable dollars to the chain, including T-bills (short-term treasury bonds) and private cash management funds.

Before introducing how NeoFinance introduces RWA assets to bring benefits to users, we must first introduce the Canto native stablecoin $NOTE, $NOTE minting principle is to provide USDC/USDT stablecoins or LP certificates to the Canto lending market (CLM) through users, overcollateralized minting, similar to the AAVE $GHO model.

The goal of NeoFinance is to purchase the stablecoin liquidity provided by users into RWA assets and issue related tokenized certificates, bring the certificates into the Canto lending market (CLM), and mint stablecoins with interest-bearing ability $cNOTE, and users can enjoy the income of real assets by holding $cNOTE, such as the 5% annualized return of short-term U.S. Treasury T-bills.

In the presence of the Canto Lending Market (CLM), users can even stack the income through revolving lending, and can achieve close to 35% leverage income on the basis of T-Bills' 5% annualized basis.

! [Canto: Sorry Cosmos, we're going to eat RWA dividends on Ethereum] (https://img-cdn.gateio.im/webp-social/moments-69a80767fe-ac7a61015c-dd1a6f-69ad2a.webp)

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Author's opinion

Most of the Canto team members are senior Defi OGs and many well-known Twitter KOLs, which also makes Canto always have the color of crypto native, which I participated in on the first day of Canto's launch, and also contacted Canto's number one contributor @scott_lew_is (although he does not consider himself a Canto founder, but basically the entire crypto community sees him from the perspective of a founder). In my opinion, the advantage of Canto is that it is closer to users, the team contributors are quite positive about user feedback, and they are more able to capture the narrative of the crypto circle, and the team is quite flexible in responding to the market.

RWA and Ethereum L2 are the few hot tracks in the bear market in the blockchain world this year, Canto's updated route stepped into these two topic areas in one fell swoop, and also allowed its token to bottom out and rebound nearly 300% after almost reaching the lowest point, although Canto has not officially made an announcement on NeoFinance, most of the information reveals speculation through the outflow of other relevant people in the community, but the market reaction has given positive feedback on Canto's next goals. It has become one of the few tokens in the cryptocurrency circle that has risen against the trend recently, attracting the attention of quite a few people.