Canto Lending Protocol
- 2.Governance on Canto Lending is controlled by Canto network validators rather than the Decentralized Application. Here is how it works:
- Proposals are initiated on the Network side (Cosmos runtime) and voted on by network Validators as specified in the SDK governance module. The lending protocol governance has a specified proposal type that is custom to Canto and exactly matches Compound's proposal type.
- After the proposal is approved, Canto's custom UniGov then sends the proposal type to the EVM module where it can be retrieved by a smart contract call to a specific address (”oracle address”).
- 3.Canto Lending Market will allow LP tokens from Canto’s native decentralized exchange to be used as collateral. This collateral will be deposited in a lending market as supply but users will not be allowed to borrow LP tokens.