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Neofinance envisions a new era of financial efficiencies, unlocked at scale, by deploying offchain assets on protocol rails. The Canto neofinance ecosystem consists of several primitives designed to enable transparent, competitive financial terms.
$USYC is enabled as collateral in the Canto Lending Market with a collateral factor of 0.99. This allows holders to borrow $NOTE against tokenized treasury bills, thereby achieving superior capital efficiency.
Other tokens representing a range of RWAs will be deployed on Canto in months to come.
$cNOTE is a tokenized deposit of $NOTE, the native unit of account on Canto. Any user can permissionlessly supply $NOTE to the Canto Lending Market to obtain $cNOTE.
$cNOTE is the primary productive asset in the Canto neofinance ecosystem, since holders earn a supply APR on the underlying $NOTE supplied to the Canto Lending Market.