Crescendo Ventures
@CrescendoVen
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A thesis-driven investment firm created to bring mass adoption to the decentralized future
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Joined May 2023
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Why is there an explosion of interest on
#RWA
?
What is
#neofinance
?
What is this $Canto mania?
Get in the car we are going to Cantofornia👇
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RWAs are the future of crypto. We are heading to a future where anything of value can be tokenized
Dive in to learn:
- Existing yield-bearing stablecoin models
- Explanation of
@CantoPublic
- Future Roadmap of Canto (omni-chain stablecoin)
- Our ultimate thesis on Canto
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Why $1 Canto = $1 Note™ is no longer a Shitposting?
With ultimate fud, $Canto has fallen from $0.8 in Feb all the way to $0.08 in Sep.
Canto is dead almost become a CT consensus.
However, with a 370% pump in last 7 weeks, CTs back into "I CANTO believe it." What happened?⬇️
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@OmniscientAsian
from our team is covering the ins and outs of fundraising, leading
@Starknet
builders the way!
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Glad to be part of it.
We're proud to introduce
@Crescendoven
as a Gold Sponsor for
#zkDaySingapore2023
!
zkDay Singapore: Modular Edition unites crypto community for discussions and collaborations on modularity and ZK 💬
📍Sept 12th, 12:00PM - 6:00PM
RSVP:
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Canto was built by a group of tradfi and crypto native chads without any VC funding. The core primitive was to bring Canto as a Free Public Infrastructure to everyone. The team's unwavering commitment over the past year has built strong community ties and a substantial mindshare.
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@CantoPublic
and
@0xPolygonLabs
are teaming up to build a ZK Layer 2 solution on Ethereum, leveraging Polygon's Chain Development Kit (CDK) with an emphasis on the integration of real-world assets.
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Our fellow
@OmniscientAsian
talking on
@zkdayofficial
with
@LongHashVC
@SevenXVentures
@BixinVentures
Featuring
@0xRaghav
, Research Analyst
@LongHashVC
@Louissongyz
, Partner
@SevenXVentures
@JReedRosenthal
, Portfolio Manager
@polychain
@Crescendoven
, Investment VP
@Crescendoven
@michelleyeyy
,
@BixinVentures
🗣 VC Perspective: Industry Outlook
📅 Sept 12th, 3:00 PM - 3:30 PM
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@CantoPublic
is partnering with
#Hashnote
and
@_Fortunafi
to bring RWA on chain natively where both of them have a strong emphasis on prioritizing regulatory compliance and transparency while providing institutional investors with a full-service gateway to decentralized finance🟢
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Since the Polygon announcement, Canto's TVL has increased by 30%, and 24h trading volume surged by 145%.🟣
Canto is gearing up to launch its RWA product, along with an updated Canto Dex, Lending Market, and bridge tool with improved UI/UX for a user-friendly experience.
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Here comes
@CantoPublic
which takes US Treasury bills on chain so you can trade Tbill 24/7 and earn “real yield”.
@CantoPublic
team has been working on this new launch tirelessly for the past 6 months, let’s dive in
.canto names prod launch coming tomorrow
blank rasa preview launch coming tomorrow
RWAs - if you are a crypto native credit fund and would like a walk-thru of the Canto RWA Cluster's approach to RWAs please ping
@abovethebias
.
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Probably nothing👀
A proposal to support and configure Hashnote’s USYC as collateral in the Canto Lending Market will be submitted on Monday, Oct 16 at ~3:30pm UTC / ~11:30am ET.
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@CantoPublic
is working hard to build a downstream lending market where you can loop your yield and potentially achieve a much higher return all with a reasonable level of risk. Stay tuned to part 2 for a detailed guide on this.
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This migration enables protocol-level scalability and lower transaction fees.
Canto is migrating to a ZK Ethereum L2 powered by Polygon CDK. This is one of the most exciting developments for the ecosystem since launch.
Canto has always been tech neutral. It's critical for communities to strike the right balance between staying nimble/adopting new
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First, DeFi yields have been lagging behind traditional credit options. Providing liquidity on protocols like AAVE can expose you to solvency risks in case of a bank run due to CRV liquidation fears stemming from collateral delta risk. In contrast, T-Bills offer risk-free yields.
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These exciting additions will offer users a seamless path to earn "real yield" on chain, making financial opportunities more accessible than ever before.
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The 3-month US Treasury yield has surged from nearly 0% to today's 5.3%, while the 10-year and 30-year Treasury yields have reached their highest points in 16 years.
Nonetheless, Fed has continued to emphasize that borrowing costs will likely remain higher for longer.
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We think that relying solely on T-bill yields isn't all that enticing. Sure, stashing your cash in T-bills for risk-free returns might seem cool, but here's the catch: inflation can slowly eat away at those hard-earned gains.
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I have to say, this is the most mature RWA-chain ...... There is no other chain that is more RWA reliable than Canto at this point.
8/n
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Neofinance is a meme introduced by
@CantoPublic
, representing a new era of tokenized RWA on chain, which they believe is the future of finance
@0xneofinance
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However, the risk associated with the RWA initiative hinges significantly on the successful launch of its product, which plays a pivotal role in its overall success.
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This shift suggests that continuing to farm yields on DeFi as in previous years may not be practical.
People are now searching for safer, more sustainable alternatives.
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6) Music+, a new music NFT project that is currently in stealth mode.
Stay tuned to
@CrescendoVen
for groundbreaking developments !!
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3)
@LayerZero_Labs
airdrop is around the corner. If $NOTE can become the defacto stablecoin for cross-chain liquidity and yield, $CANTO could skyrocket to ATH.
4) Competition is low because - $USDC and $USDT will be cross-chain too, but they aren't yield-bearing.
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Since the only sustainable way to "print money" / "create money" in this world is through US treasury.
We would argue that before the Spot ETF is passed, the T-bill RWA is the most MAKE SENSE method of attracting institutional money, and a potential bull market engine.
16/n
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Disclaimer: Crescendo Ventures is an investor in Canto. It is important to emphasize that this thread is used for educational purposes and nothing should be regarded as investment advice. DYOR.
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F. Announced a partnership with Ambient to bring a $cNOTE/USDC liquidity pool to create ample liquidity for $cNOTE.
7/n
1/ Introducing Ambient Finance on
@CantoPublic
– starting with an incentivized liquidity pool for $cNOTE/USDC.
This Canto deployment of the Ambient DEX brings gas-efficient, highly-customizable trading, which will be used in support of Canto's neofinance infrastructure.
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Since then, price has risen to $0.42
But we believe $CANTO is ready for its next leg up. Why?
1) Canto has partnered with LayerZero to make $NOTE an OFT. This means $NOTE can now be transferred across chains
2) $NOTE will be the first cross-chain yield-bearing stablecoin
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Even stablecoin pools all have 10-15% returns.
As Canto's PR increases (and CT’s fomo), these pools will likely attract more participants.
13/n
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Profits are used to buyback $MKR (to LP and Burn)
This model is massively profitable and helps Maker print money in a higher for longer rate environment. Maker annualized revenues stand at a whopping $200m
$CANTO did something similar with $NOTE.
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The reasons are:
(1) Mining Pools
Many ppl feel there is no good liquidity mining pools nowadays.
But on Canto there still have extremely high yielding mining pools with high certainty.
Canto/ATOM 90%, Canto/ETH 82.86% etc.
This is not just some ramdom memecoin farming.
12/n
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Canto has been actively developing strategic partnerships and creating innovative products to expand the Neofinance ecosystem, below are some of the recent Canto announcements ⬇️
1)
@hiyield_xyz
will deploy the Vanguard High-Yield Corporate Fund (VWEAX) on Canto.
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C. Integrated with
@LayerZero_Labs
, enabling seamless cross-chain transfers of their native stablecoin cNOTE between Canto and ETH, increasing its stablecoin use cases and composability.
3/n
.
@CantoPublic
has integrated with the LayerZero Omnichain Fungible Token (OFT) standard to make cNOTE an OFT.
Native cNOTE can now be transferred seamlessly between Canto and Ethereum.
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B. Canto released their native RWA strategy, Neofinance w/ a new easy-to-use interface:
-Optimized the bridge experience
-Added RWA dashboard
-Added a new cNOTE liquidity pool.
2/n
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(2) RWA
Canto's T-bill RWA pitch to institutions / pro traders is obviously going to continue, and for kyc investors can enjoy
-Trading RWA T-bills when the bond market is not open.
-See the Buy&Sell information in an transparent manner
-Use it as collateral to arbitrage.
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They copied the MKR/FXS playbook by issuing their own stablecoin, $NOTE and used the backing to buy T-bills. cNOTE will be a YBD (yield-bearing dollar).
$CANTO was seen as beta trade by people who missed out on $MKR. And it did perform really well surging 4x from $0.08 to $0.32.
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A. Canto has intergrated w/
@0xPolygonLabs
' CDK and become an ETH Layer 2
Thanks to Polygon’s modular design, Canto is able to share the liquidity within the Polygon ecosystem in the future.
Currently, we still pay $Canto token as gas fee.
1/n
We're thrilled to announce Canto is building with
@0xPolygonLabs
to migrate to a ZK L2 on Ethereum– powered by Polygon Chain Development Kit (CDK).
This ZK chain will be dedicated to Real World Assets in support of the next wave of application-layer adoption via neofinance.
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This report was made in collaboration with the giga-brains over at
@3pochLabs
Go check out their page and give them a follow for some serious alpha
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First of all, let's catch up on what Canto has achieved in the past two months:
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4)
@FireblocksHQ
, one of the largest digital asset custodians in the world now supports Canto, which will enable tradfi institutional investors to seamlessly access Canto and explore the world of tokenized RWAs.
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$MKR was the pioneer of bear market rate shenanigans. They completely swapped out ETH and stables for high-yielding T-Bills as collateral for $DAI
This allows them to earn a high yield on their collateral > 5%. Some of which is passed on to $DAI stakers while the remaining....
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3) Launching
@VivacityFinance
, a new downstream lending market built to engage with RWAs and bring Neofinance to Canto. Vivacity allows institutional investors to borrow $NOTE using a wide array of RWAs, including tokenized T-bills, corporate funds, and private credits.
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2)
@_Fortunafi
's TAP (Tokenized Asset Protocol) pool relaunched on Canto, bringing US and non-US users exposure to high-quality assets & attractive yields on chain
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5) 1155tech, a Canto-born marvel designed to revolutionize NFT art distribution and discovery while maintaining liquidity. 1155 utilizes a bonding curve for keys, which will create a dynamic ecosystem that benefits artists, key holders, and core developers alike.
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$DAI is yield-bearing but not natively cross-chain as an OFT.
5) Canto is also launching asD, a new cross-chain protocol to integrate with Neofinance realm.
6) Despite ongoing FUD regarding $$ and Canto being labeled as a "pool2," emissions have significantly down by 92%.
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