As Canto’s eighth month of liquidity mining incentives nears its completion, early contributors will propose to governance an extension of the program with identical parameters, so as to maintain the network’s current capital efficiency and stakeholder alignment.
The Community Pool Spend proposal to top up liquidity mining rewards will be submitted to governance at 11 AM Eastern Time on Monday April 17th.
By default, the liquidity mining program’s existing parameters will remain unchanged. Network security emissions will also continue to be distributed at their current levels without the need for a governance proposal.
Canto’s latest security and liquidity mining incentives continue to prove effective, with TVL increasing ~18% from $110M to $130M over the past month. By maintaining parameters at their current levels, governance will provide stability for Canto stakers and liquidity providers, while still ensuring deep liquidity for Canto DEX users.
Network security emissions will remain unchanged compared to the previous period, with an inflation rate of 5.6 CANTO per block, minting ~2.45m new CANTO tokens in the upcoming 30-day period.
Currently 55% of the available Canto supply is staked for network security.
Liquidity mining parameters will also remain unchanged compared to the previous period, with a total of 37.6 CANTO per block minting ~16.5m new CANTO tokens to LP token holders in the upcoming 30-day period.
The allocation of liquidity mining rewards amongst DEX and lending market pools remains the same:
CANTO/NOTE: 17.9 CANTO per block
ETH/CANTO: 7.8 CANTO per block
ATOM/CANTO: 7.8 CANTO per block
NOTE/USDC: 1.7 CANTO per block
NOTE/USDT: 1.7 CANTO per block
cUSDC: 0.3 CANTO per block
cUSDT: 0.3 CANTO per block
The program will begin immediately when the proposal is executed on-chain.
Canto is a Layer 1 blockchain 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. Created by a loosely organized collective of chain-native builders, Canto is a new commons powered by Free Public Infrastructure.