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Canto, the "public goods" blockchain. Innovative or Insane?
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This already exists. Surprised more people don't know about FPI. Have a read and see if you like it. https://docs.frax.finance/frax-price-index/overview-cpi-peg-and-mechanics
At least one already exists: check out FPI from https://frax.finance/
FPI is a coin that follows inflation
In the UK at least uphold card is 4%. Hi card from 3 to 8% and frankly best of the lot. Rapid withdrawals, far higher rewards without needing to stake a small fortune unlike Plutus. Deposits also arrive via FPI and way quicker. Also, withdrawals are actually possible and not blocked like Plutus too and don't take over 2 months but are available within 48 hours to cash out. So look at these and the issues Plutus have. If you want a hi referral as well more than happy to provide it, also any other questions you have around it also more than happy to help :) I've got both Plutus and Hi as well as some Fiat cashback credit cards. [Plutus look dodgy as hell](https://np.reddit.com/r/CryptoCurrency/comments/12kxe27/be_careful_using_plutusit_crypto_debit_card_with/) and like a pyramid scheme thats all about propping up the mod / admin early adopters, getting them a fortune then cashing out as soon as others try to use the card on the same terms of them. They encouraged insane rewards at the start, all the early adopters made a killing off it buying 20 toasters and other shit, bragging about it and then oh look suddenly once they've all made a fortune they start moving the goal Posts.... [They said it would be for large purchases only but they literally blocked a guy and asked for a £1.40 receipt. Who the hell keeps that, a bottle of coke or something 60 days later? So that turned out to be a lie.](https://np.reddit.com/r/plutus/comments/12k3i9k/asked_to_verify_transactions_worth_140/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button) They try to force people to not be honest with negative views and ban paying customers if they do. [They ban people for no reason.](https://np.reddit.com/r/plutus/comments/12kjo4f/user_has_been_suspended/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button) [Their explanation of how it isn't a pyramid scheme is literally bullshit and makes no sense. Read this garbage. Is there a single rational thought in that?](https://np.reddit.com/r/plutus/comments/12dwm6i/important_founders_blog_where_do_the_rewards_come/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button) [Their business account is so unorganised they are at risk of being struck off. wtf business is this??] (https://np.reddit.com/r/plutus/comments/12hp5re/block_code_ltd_plutus_accounts_overdue/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button) Also we have 2 main regulatory bodies in the UK, the FCA and FSCS system. Their DEX FAILED has not got FCA approval. Their banking partner is not legit and isn't even part of FSCS, that's basic shit that ANY non pyramid scheme bank has. This means your deposits are NOT protected in the event the bank collapses and frankly unacceptable for any UK financial product. They are clearly doing this on the cheap and sly. For me after CRO the ability to cash out within 48 hours is of paramount importance, otherwise if you get rug pulled you are left standing with your pants down.
FPI is exactly this. Part of the FRAX ecosystems.
It's gotta be Canto Canto is a new L1 that tries to bring back the old-school 2020 DeFi market by making all DeFi primitives (DEX, Lending, Unit of Account) free, transparent, decentralized, and public. They're so decentralized that you can't make protocol changes to their native DEX and add extra fees down the line (like with Uniswap). People invest in most DeFi protocols and their governance tokens because the value of these tokens is based on their abillity to extract rent from future users. Canto's premise is mainly based on their FPI (Free Public Infrastructure) initiative. They don't want a gimmick token and gimmick community that rushes to extract the most value from new 'community members' (read: bagholders).
It's all pretty standard shit. I guess FPI is kind of a buzzword, but only because it's not really used in crypto contexts.
DOTSAMA ecosystem. Because compared to Cosmos it has interesting tokenomics with auctions and parachains. It keeps ecosystem together and allows projects to benefit from each other. Having a canary ecosystem with real value is game-changing because now parachains canary projects don't have VC's in their token distribution. XCM makes you bridge-free, no more worhole hacks. Curve. Because of stable asset LP's. Their voting and emissions system is revolutionary for defi, everyone is copying it. ​ Balancer with weighted pools and adjustable fees. Could be used in multiple ways. ​ FRAX with their approach to stable coin and FPI.
tldr; Frax Finance will launch the Frax Worth Index (FPI) token, a stablecoin to track inflation in step with the US Shopper Worth Index. The inflation rate in March hit 8.5% compared to 7.3% in February, the best in 40 years. The FPI token will see a dollar-denominated worth adjustment every month based on inflation. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; Frax Finance has launched its second stablecoin, FPI, which will track the U.S Consumer Price Index (CPI). The balance of FPI holders will increase proportionally with inflation. FPI creates a bridge between TradFi and DeFi. It will be interesting to watch it evolve in the upcoming years. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
🗣The Frax Price Index is a protocol within the Frax ecosystem. The system will adjust every month according to an on-chain Consumer Price Index oracle so that holders of the FPI will increase their dollar-denominated value each month according to the reported CPI increase
Heard of FPI, the token pegged to inflation? Interesting concept
If you want an inflation hedge buy $FPI, it's a stablecoin linked to inflation. Created by Sam Kazemian of Frax. Although I'd be fairly confident nobody in Reddit's little echo chamber has heard of any these.
With all the available data from reliable sources and technology available to easily aggregate and calculate it, it’s really a poor measuring tool by modern standards. It’s really not as difficult as you’d think to expand their data sets to create a wholistic view of real inflation. Instead of relying on the much smaller and often outdated models they use to calculate CPI. Economists have been questioning the reliability of the CPI for at least the last decade if not longer, and several companies have created better measuring tools in that time. Yet none have been adopted by the fed to better calculate inflation. Two blockchain based techs that come to mind are Trueflation and Frax Pricing Index (FPI). Both of which go deeper than what is included in CPI. And do it in a way that is on chain and publicly verifiable. Thus removing the ability for the FED to manipulate the data.