We are excited to announce that Canto is now #RedStonePowered! ♦️⚡
If you want to build a data-powered dApp on this EVM-compatible, permissionless, layer-1 blockchain built to deliver on the promise of DeFi, look no further. We now provide the necessary data for all your applications’ oracle needs!
What is Canto?
Canto is a permissionless general-purpose blockchain running the Ethereum Virtual Machine (EVM). It was 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. Canto is built using Tendermint Consensus with an EVM execution layer via Cosmos SDK. It is a fully decentralized chain from the beginning – had no presale, no foundation and no VCs.
Core Tenets of Canto
- Liquidity as a Free Public Good – Zero fees for Liquidity Providers (LPs). Canto makes liquidity free for protocols, arbitrageurs and traders.
- Rent Extraction Resistant – Canto aims to establish Free Public Infrastructure. Core DeFi primitives will not have sovereign governance tokens, nor the capacity to extract rent in the future.
- Minimal Viable User Capture – Where possible, Canto avoids interface-driven user ownership. Public infrastructure DEXes will have no swapping interface, so all users must trade on third-party aggregators. This will facilitate user acquisition for new protocols.
Cooperation with RedStone
Currently, Canto is one of the fastest growing ecosystems in the crypto space, together with the growing number of users grows the number of Canto builders in need of reliable Data Feeds. RedStone now provides Canto with Data Feeds for 1100+ assets: prices of cryptocurrencies, stocks, commodities, NFTs, on-chain reputation, and much more. Builders can also use our Custom URL feature to plug in any API and use the data in their dApp instantly.