Liquidity Coordinator, formerly Neofinance Coordinator, is a minimal protocol which incentivizes providing liquidity to Canto neofinance primitives.
Rewards are sourced from network governance in the form of CANTO and distributed according to a vote locking mechanism to the following liquidity providers:
- Suppliers of cNOTE on third-party lending markets (such as Vivacity Finance)
- LPs of TOKEN/WCANTO pairs on the Canto DEX
Liquidity Coordinator consists of four smart contracts:
Allows users (typically protocols) to lock CANTO for a fixed 5-year period. In exchange for locking, users receive veCANTO which provides gauge voting rights.
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Allows lockers to vote on gauges, which represent LP tokens on the Canto DEX and/or cNOTE deposits on third-party lending markets. Voting takes place during one week epochs.
Incentives are weighted by gauge types (as determined by governance) and subsequently allocated proportionally to votes.
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Holds incentives received from Canto governance and continuously tracks balances of eligible LP tokens and cNOTE deposits, allowing liquidity providers to claim incentives proportionally to their balance at a given epoch.
Additionally, implements a view third-party lending markets can use to distribute secondary token rewards.
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Wraps LP tokens 1:1 to ensure balances can be tracked by LendingLedger.