Original source: Canto Online Hackathon
Original compilation: 0x711 & czgsws, BlockBeats
Canto's third quarter online hackathon was officially launched on December 1st, aiming to export more new projects for the Canto ecosystem. Canto is an L1 DeFi public chain built on the Cosmos SDK. Promoted by the developer organization Plex, the project aims to drive innovation in the DeFi field and bring more accessibility, transparency and freedom to traditional finance by providing a series of free public infrastructure.
At the same time, Canto also has a native stable currency NOTE, which adopts the ERC-20 standard and an over-collateralized endorsement mechanism. Different from stablecoins in the traditional sense, a new set of stable mechanisms has been introduced. NOTE's interest rate algorithm is only centered on $1, and the price is co-integrated with it, but not completely linked. Therefore the price of NOTE will have its own volatility.
Next, let's take a look at what new projects this hackathon will bring to this new public chain:
OnionProtocol
In the DeFi and infrastructure track, OnionProtocol is building a set of products for Canto users, including asset managers, wallets, and contract generators. The team also hinted at extending to DEX in its recent roadmap.
Leverage Finance
The project being submitted by Leverage Finance is a decentralized lending platform that enables users to deposit their LP tokens. The protocol includes Tarot Vaults and will soon be a new DeFi strategy for the Canto community.
Nexus Oracles
Nexus Oracles are a decentralized network of oracles that provide external and real-world data to smart contracts on Canto. The team hopes to provide solutions for random number generators (RNG), crypto price feeds, and more.
Dappy.Network
Dappy.Network aims to create an outlet for Stablecoin and Canto's native Token NOTE. With Dappy, users will be able to send USDC and NOTE to bank accounts and mobile wallets in over 80 countries around the world.
CantoSplits
The project being submitted by the NeoBase Studios team is CantoSplits, which allows users to split the income on the chain through different methods, so as to realize the attribution distribution and revenue sharing among owners. CantoSplits will support the ownership distribution of CANTO, NOTE (and any other ERC 20 Token) and NFT.
Kali
Kali is "WrapprThe DAO Deployer behind " - a solution to instantly incorporate an LLC or UNA via permissioned ERC 1155 and legal filing metadata. The team is preparing to deploy their product to Canto to support NOTE.
CantoPad
Among the projects supported by funds, CantoPad is a LaunchPad platform built on Canto, which aims to introduce a fundraising model combined with DAO-IDOs and Re-IDOS.
alyst.canto
alyst.canto has launched two products focused on supporting and adopting the Canto network: Panelist, which provides a catalog of the Canto ecosystem; and Catalyst, which provides a programmable crowdfunding solution for Canto artists, builders and organizations.
Alto
Alto.Build is a free public NFT marketplace that enables creators to set their own royalty and licensing rates.
Aspen
The Aspen platform enables creators to use its accessible API and no-code solution to create NFTs with customizable terms and conditions.
Canto Toons
Canto Toons is creating an NFT collection to provide the Canto community with unique profile pictures as well as an event ticketing platform.
Canto Crabs
Canto Crabs has launched its new game, Crab Roul, with the introduction of invites.
SZN GAMES
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