Canto revolutionizes the world of Decentralized Finance (DeFi) by proposing that core DeFi primitives should exist as Free Public Infrastructure (FPI). The project acknowledges the pivotal role of three core primitives in maintaining a healthy DeFi ecosystem, which includes decentralized exchanges (DEX), lending markets, and a decentralized unit of account. With a keen focus on serving the community and fostering an inclusive DeFi space, Canto is set to launch these core DeFi primitives as public utility protocols, or Free Public Infrastructure (FPI).
Canto's Vision for a Decentralized Future
Canto envisions a DeFi space where fundamental primitives such as decentralized exchanges, lending markets, and a decentralized unit of account are not controlled by a handful of entities but are accessible and free for all. This vision is aligned with the essence of blockchain technology - decentralization and democratization of financial systems.
Decentralized Exchanges (DEX)
As part of its mission to democratize access to DeFi primitives, Canto is committed to the establishment of decentralized exchanges as Free Public Infrastructure. In contrast to traditional centralized exchanges, these decentralized exchanges foster a more equitable financial system, empowering users by granting them complete control over their assets.
Lending Markets
Canto also aims to promote accessible lending markets as Free Public Infrastructure. This is to ensure that users from all corners of the globe can contribute to and benefit from the growth of the DeFi space, thereby driving economic participation and financial inclusivity.
Decentralized Unit of Account
Further reinforcing its commitment to decentralization, Canto is intent on launching a decentralized unit of account as Free Public Infrastructure. This innovative approach to monetary representation paves the way for a more inclusive and equitable DeFi ecosystem.
Conclusion
In a rapidly evolving DeFi landscape, Canto's commitment to launching core primitives as Free Public Infrastructure sets it apart. By decentralizing access to crucial financial tools, Canto is not just shaping the future of DeFi but also promoting a more inclusive and equitable financial world.
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