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Fundamentals change because the APY for POL staking will increase dramatically without effecting inflation. The new POL token has native restaking for any chain using their zk CDK / prover. That means when you stake POL you won’t just be earning POL rewards. You’ll also be earning IMX, MANTA, ASTAR, CANTO, OKX, ZKF, etc… all the AggLayer tokens. POL’s staking APY could go from 4% go 40%. I’d say that changes the fundamentals quite a bit.
People here really don't understand how big of a deal the new prover is... with Agglayer you'll be able to access dapps on any Polygon CDK chain (Polygon v2, zkEVM, IMX, CANTO, MANTA, etc...) without bridging or switching networks. It unites all the liquidity. Even crazier part is that any EVM chain can integrate the prover and why wouldn't they? A sidechain with 20M TVL can simply integrate the Polygon's prover and become a zk-validium with immediate access to billions in liquidity... they no longer have to convince users to bridge to their chains. Chains can use their own consensus and DA (Celestia or whatever) and remain independent while all state data is verified by L1 Ethereum. Polygon 2.0 is an absolute game changer.
I made a CANTO post about a year ago but the sub pretty much ignored it.
i have a sizable bag of CANTO but it hasn’t made it onto reddit yet
first time I've seen anyone else mention CANTO here
why VET? for underdogs i’d say CANTO and CHEX
well my highest conviction play rn is CANTO but that’s probably not too accessible. my other big bag is GMX
I would allocate it percentage-wise the same as my current portfolio. 80% - SOL and ETH 10% - INJ and CANTO 10% - random shit I take a flyer on, which right now is PEPE, BONK, and MC
rate my portfolio: 54% ETH (rETH) 14% GMX 14% CANTO 10% BTC 3% RDNT 3% ATOM 2% SOL feel free to comment your portfolios
I don't really seek out anything too crazy alt-wise anymore so it's just this: large cap: SOL mid cap: CANTO, MC meme: BONK, PEPE There are quite a few pre-token defi protocols on Solana gaining steam, so they would be good candidates for places to farm airdrops if that's what you're looking for. [Marginfi is probably the most popular so far. You can see the TVL starting to go vertical.](https://defillama.com/protocol/marginfi)
>Because Ergo is truly decentralized and comparably new. Didn't Ergo launch almost 4 years ago? >So it doesn’t have a huge established community like BTC, LTC, Cardano, and is also not a VC chain like almost everything what has emerged since ~2018 Actually CANTO would be a perfect example of this and has gotten exponentially more traction than ERGO, so I don't think you can blame it on a lack of VC's nor the decentralized aspect which CANTO also checks off. Not to mention ERGO wouldn't be "comparably new" compared to it, but actually far older, because I don't even think CANTO has been up for a year yet. As far as them increasing the TVL and the TVL/mcap ranks, well I don't think it's very significant if you're only at $5,000,000 TVL after 4 years no matter how you want to spin it. So if CANTO can get traction, despite it being "truly decentralized and comparably new", then what am I missing? Why are redditors in this sub and ERGO/ADA maxis the only ones excited about this?
SOL and CANTO. Also small bags of MC and PEPE
SOL, CANTO, anything that launched during the bear market like a lot of L2's, a very select few NFT's will absolutely gigapump but probably like only .0001% of them would qualify here(the bluechips like punks/apes/artblocks and few that actually have real utility).
Very interested myself no clue what CANTO is - much like TON too late for us now but would love to get a better understanding
**CANTO up 19% for the day and +32% weekly.** where are the canto investors, gotta shed some light what's happening in there? I remember seeing some threads popping about it few months ago when it was in a price discovery mode
I see both sides on the Closed Sauce debate. But look at DYDX...just walked in and Open sourced their entire suite..while we spent the better part of a year fighting over sauces. The current biggest dick in the cosmos just showed us how its done. But I also saw CANTO fork Open Source EVMOS and steal its glory for the better part of two weeks and it's UIX was horrible.
Some reading material on CANTO: [https://decrypt.co/resources/what-is-canto-the-token-that-rallied-700-in-a-month](https://decrypt.co/resources/what-is-canto-the-token-that-rallied-700-in-a-month) (the 700% rally has pretty much retraced over the last few months, mostly due to the market, nothing bad has happened with the tech AFAIK) [https://variant.fund/articles/canto-a-layer-1-incentive-experiment/](https://variant.fund/articles/canto-a-layer-1-incentive-experiment/) (The only VC's that I know of that are invested, but they had to buy at market price like everyone else.) [https://messari.io/report/the-settlers-of-canto](https://messari.io/report/the-settlers-of-canto)
im reppin the FACES portfolio: FTM (bagholding basically) ARB (fav L2) CANTO (it's like the anti-VC L1) ETH (gud coin) SOL (the only non-ETH L1 that seems to have community support and the same level of popularity on-chain)
I love Cosmos and IBC so much. I’ve been trying to mess with my moons on Arbitrum Nova all morning, trying to LP to the MOON/ETH pool on SushiSwap and it made me so mad. It’s like impossible to get anything done in the Ethereum ecosystem. So far I’ve spent $20+ dollars and 2 hours trying to get everything where I need it to be to LP $40 in the damn MOON/ETH pool. The entire time I’m wishing MOONs were a token on EVMOS, CANTO, JUNO, OSMO or one of the other smart contracting chains in the Cosmos ecosystem. The UX in Cosmos is next level compared to the ETH/L2 experience.
Pretty boring. Bought some $10 SOL, bought some CANTO, bought a Mad Lad shortly after a very crazy mint which has done very well. Considered going to VeeCon again but decided not to. The DAO I'm most involved in (LinksDAO) completed it's primary goal of buying a golf course in just over a year with the purchase of a historic links course in Scotland.
What's a good accumulation zone for CANTO?
Ahhh, a man of culture I see. I would definitely check out CANTO as it has significant upside being under 100m mcap while being a legitimate L1 positioning itself between both the ethereum and cosmos ecosystems with a good "public goods" approach to infrastructure being funded by fees and having zero connections to VC funding. It's also attracted significant TVL as it almost has more value locked on-chain than the market cap of the coin itself which is very rare in crypto. https://variant.fund/articles/canto-a-layer-1-incentive-experiment/ https://messari.io/report/the-settlers-of-canto On Sui/Aptos, do you have a favorite or anything you like/ dislike about one or the other?
The way I see it, it's a 2 horse race with ETH in front and SOL with a lot of distance to cover but having good momentum. I do think Sui/Aptos are worth looking into as they've made some interesting design choices that definitely set them apart from the market, much like Solana did by eschewing EVM and solidity. Outside of that not much looks interesting besides CANTO as a good narrative play, which has comparable usage when compared to ALGO, but at 10% of the market cap.
Between the 3 LSDs we've got available you could probably get coverage of most major chains. I'd personally recommend ATOM itself over STRD due to ICS for new chain exposure but those two loop into each other. ATM I think only Quicksilver and Persistence only offer Regen and BNB beyond what Stride does but I don't think there's anyway Persistence doesn't get Comdex liquid staking up and running and QS has some valuable networks it could target like AKT or CANTO. But yeah, Stride has ridiculous coverage currently and using it and Osmosis to farm and get yield on LSTs will probably net some great returns.
I don't see how it's anything other than SOL or something built on Ethereum(probably ARB or MATIC). SOL is arguably the most active chain outside of ETH, it has product market fit especially with NFT's and DePIN projects, tons of developers (not just github commits, but hackathons with hundreds of projects), it's very decentralized, Saga phone is a big step for crypto, they attract more meaningful partnerships than any project besides ETH/MATIC (eg. Opensea, Instagam, Nansen, Coinbase, Google, AWS). It's also starting to attract a lot of respect from people you would typically classify as maxi's from other chains, both David Hoffman of Bankless and Nic Carter (operation chokepoint, castle island, etc) have rocked Mad Lads NFT's on Twitter. A significant part of the supply is also going to be essentially locked up in bankruptcy proceedings And those are just the extrinsic qualities, if you look at the tech you have a ton of improvements that have been made to address the previous downtimes. They just implemented state compression which makes Solana by far the cheapest for batch minting NFT's (cost scales logarithmically instead of linearly now, so if you were to mint 1b NFT's it's now 25x cheaper than before, 3000x cheaper than Polygon, and 3,000,000x cheaper than ETH, yes 3 milly). Local fee markets prevent the chain from being bogged by a single smart contract, for example Helium was in the process of migrating onto Solana while the Mad Lads mint processed 5,000 mints in under 5 seconds and the chain didn't skip a beat. So, I mean that first paragraph is good, but that is extrinsic stuff that can come and go, but the composability of crypto makes it a little more sticky, but what makes it even stickier is the fact that Solana is the only blockchain that chose a significantly different design from EVM *and* has gained significant materialized traction. Outside of the downtime, which has been addressed, there is very little going against Solana except for the narrative and that narrative is shifting as it's largely based on inaccuracies. Honorable mention: CANTO, grassroots community-led L1 with ties to both Cosmos and ETH, already has good traction with builders and trader, but is a long shot as it's *entirely* community led, no VC money or token sales.
Current portfolio: 70% USDC 15% GLP 5% GMX 5% ETH 10% CANTO, NEAR, YFI, BNB yep
If you're going to post about a coin that no one here has heard about, you should probably include some stuff that legitimizes it a bit. I figured Namada must've been a shitcoin piggybacking on ZEC tech like many shitcoins do, [but I see that Messari has written a report on it](https://messari.io/report/namada-unifying-privacy?utm_medium=organic_social&utm_source=twitter_messaricrypto&utm_campaign=namada_unifying_privacy), so it must be a reasonably legit project. It actually looks an interesting approach and is launching with interoperability between ETH and IBC which is cool and is also working the public goods angle, which is another similarity between this project and CANTO. This actually looks like a possible airdrop to be farmed as well with mainnet launching soon.
ETH - i mean, has it ever looked better fundamentally now that shanghai is complete and we have some fleshed out L2's? (i know you said exclude ETH but it's so bullish right now) SOL - the clear leader outside of the ETH ecosystem due to high user activity representing product market fit especially with respect to NFT's and DePIN projects, one of the healthiest developer ecosystems, robust infrastructure with lots of options throughout the entire stack(new clients coming: firedancer and tinydancer, good wallet options, plenty of defi/nft/other dapps), just launched a phone purpose built for crypto, highly decentralized network by most metrics(by validator set, geographic distribution, stake distribution, superminority, etc), sets itself apart from 90% of L1's by using Rust and forgoing EVM, also another unique design decision was to make it a more monolithic L1 meaning it can sometimes handle certain usecases that roll-up centric L1's like ETH cannot. CANTO - good narrative as a "public works" L1, completely community driven with no VC/institutional funding, already seeing high TVL (right behind ALGO and ADA despite being only at only 1/10th of ALGO's market cap and 1/100th of ADA's), plenty of developer support, good strategic positioning as a chain for both Cosmos and ETH ecosystem assets, contract secured revenue is novel idea Honorable Mentions: * Arweave: gets a ton of usage from NFT's but also is a great solution for any long term digital storage * Arbitrum: governance is tricky, especially the initial hand-off from the team the community, people will fade ARB based on that but that ignores the many strengths ARB has like being the only L2 with on-chain governance, which would prevent things like this happening in the future, as well as having by far the most TVL of any L2 and comfortably leading most other metrics * NFT's: LinksDAO (on ETH L1) is a golf community that uses NFT's as membership cards, within just a year of forming we've raised $10,000,000, partnered with over 20 major golf brands, [including Calloway, Topgolf, Bridgestone, etc](https://nitter.net/LinksDAO/status/1637814552350867460) for exclusive discounts, products, and events... **and bought out first golf course**. Also raised thousands of dollars for Steph Curry's(who is a member!) charity * NFT's: Famous Fox Federation (SOL) started as a regular 10k pfp type collection but over a long time they have built one of the most impressive suites of on-chain NFT tools and are widely respected across the SOL ecosystem.
You might like CANTO. A newer community led-project that I really like, amassed a lot of interest and TVL already, many projects being built and it's funded from protocol level defi primitives. Can't believe I forgot because it's one of the few VC-less projects that I've seen a lot of interest around and one of the more recent coins I've bought. (although a VC did take a position, but they had to do so at market price) Some info if you're interested: https://ethropy.substack.com/p/canto-investment-thesis https://ethropy.substack.com/p/canto-investment-thesis-update
Well inside ETh you have tons of dApps and L2 networks like MATIC & LRC etc. But they're still running on ETHs network [COSMOS has another approach where it's a "Hub" like the sun.](https://mapofzones.com/home?columnKey=ibcVolume&period=24h) Projects can launch their own independent L1 blockchain, and connect it to the COSMOS via the IBC protocol. Since they are interoperable and connected to the "COSMOS" these networks can remain independant yet connected. They can also share validation security / decentralization through ICS or Mesh Security. >Interchain Security is the Cosmos-specific category of Shared Security that uses IBC (Inter-Blockchain Communication). Cross Chain Validation. Cross Chain Validation is the specific IBC-level protocol that enables Interchain Security. Then with chains like Axelar, EVMOS, CANTO etc, you can bridge in other non IBC networks. ETH and Polygon are already decently interoperable with the COSMOS. However DYDX and SushiSwap are the first big apps to directly move TO their own chains on the COSMOS rather than EVM it. The COSMOS internet of Blockchains is the future in my eyes.
* Mid to Long term: The stuff people use: eth + sol (+ various NFT's/ecosystem coins) * Short to Mid term: wholesome memeable stuff like BONK, CANTO, and also CANTO ecosystem coins as they start to pop up. * Stuff I'm holding and still somewhat like but am losing confidence in and will hopefully hold until next bullrun to sell at a profit: FTM, ALGO, XNO,
Anyone holding CANTO here? Intrigued a bit by it.
I find quite a few on Twitter, nothing here. I honestly can't even imagine reading anything actionable or novel in this sub, there is nothing in the way of "alpha" or "research" here. Made a 10x on BONK within a week after I heard about it's launch from tons of people within the SOL twittersphere. I also made a 5x on flipping a FFF (Famous Fox Federation) after a lead of an NFT project listed a few of his favorite projects under 5 SOL. Saw how much infra that team had built under what was seemingly just a cute pfp project and chose that one. Right now it seems like CANTO is the play based on all the twitter buzz. Seems like a good option as it has a strong narrative, "public goods" and anti-vc, and good community support. It also has a barrier to entry in the form of bridging and lack of exchange support, which makes the but then again it just 2x'd so maybe not the greatest spot for an entry unless you're thinking long term. Although it's market cap isn't that big for an L1 with actual retail/user interest. It's weird, it seems like the obvious play, but *too* obvious.
Someone shilled me $8 ATOM before the OSMO airdrop in this very daily...They are a god to me now... INJ has the new 150m DEFI fund that was announced yesterday. CANTO is flying too, WYND airdrop paid off quite a bit here...SHADE PROTOCOL dropping Public Testnet in 24 hrs, mainnet on Feb 7th... Once people realize the "I" in the COSMOS IBC is for Interoperability between blockchains... [They will truly understand...](https://mapofzones.com/home?columnKey=ibcVolume&period=24h)