About the coin

Canto is a blockchain project that emphasizes the importance of core decentralized finance (DeFi) primitives functioning as Free Public Infrastructure (FPI). The project has identified three essential components that are crucial for any robust DeFi ecosystem: decentralized exchanges (DEX), lending markets, and a decentralized unit of account. By focusing on these elements, Canto aims to provide a foundational framework for DeFi operations.

Main features

Canto's primary feature is its commitment to launching core DeFi primitives as public utility protocols. This approach is designed to ensure that these essential components are accessible to all users without the barriers typically associated with proprietary systems. By treating these primitives as public utilities, Canto seeks to foster a more inclusive and equitable DeFi environment.

How it works

The Canto blockchain operates by integrating its core DeFi primitives into a cohesive ecosystem. This integration allows users to engage with decentralized exchanges, participate in lending markets, and utilize a decentralized unit of account seamlessly. However, it's important to note that the Canto blockchain has recently experienced a consensus issue, leading to a temporary halt in operations. Users are advised to stay informed through official announcements for updates on the situation.