We are pleased to announce that Canto is integrating with Picasso’s IBC hub, expanding the availability of connected networks, DeFi services, and cross-ecosystem assets. This integration enables seamless connectivity between Canto, Solana, and other ecosystems via IBC, reinforcing our commitment to fostering a more interconnected blockchain environment.
Canto 🤝 Solana
Canto’s native token, CANTO, as well as USDT, will soon be transferable assets between Canto and the Solana ecosystem. This development broadens the utility of CANTO, aiming to enhance liquidity and accessibility for users across previously inaccessible networks.
Access to Canto’s Financial Services
The integration will also allow users and assets from the Solana ecosystem to access a range of financial services offered by Canto:
- Canto DEX: A zero-fee decentralized exchange providing efficient liquidity provisioning.
- Canto Lending Market (CLM): A pooled lending market based on a fork of Compound v2, offering robust lending and borrowing opportunities.
- NOTE: A fully collateralized unit of account token, pegged to USDC/USDT, issued by the CLM, serving as a stablecoin within the ecosystem. (Future Integration)
About Picasso Network
Picasso Network extends IBC connectivity beyond its original constraints within the Cosmos ecosystem, linking it with other prominent blockchains like Ethereum and Solana. Protocols and chains integrated into Picasso’s IBC hub can leverage IBCFT program to bring their native assets to Ethereum, Solana, Cosmos, and Polkadot simultaneously.
About Canto
Canto is a permissionless, general-purpose blockchain operating on the Ethereum Virtual Machine (EVM). It was built to deliver on the promise of decentralized finance (DeFi) by creating systems that are accessible, transparent, decentralized, and free from traditional financial constraints.
We are excited about the increased adoption of our IBCFT program and look forward to harnessing this collaboration to foster a positive impact on our collective communities.
