cNOTE Interest

Users supply NOTE to Vivacity Finance. NOTE is an over-collateralized currency backed by stablecoins and RWAs, with a value perpetually rebalanced toward $1 through an algorithmic interest rate policy.

For additional information about NOTE itself, refer to the Canto documentation:

NOTE | Canto

NOTE vs cNOTE

cNOTE is a tokenized deposit of NOTE, and the primary productive asset in the Canto neofinance ecosystem. Any user can permissionlessly supply NOTE to the Canto Lending Market to obtain cNOTE.

When users supply NOTE to Vivacity Finance, it is automatically supplied to the Canto Lending Market in exchange for cNOTE. Thus under the hood, all lending positions are denominated in cNOTE.

As a result, Vivacity users also earn the cNOTE supply rate ("interest") on their supplied NOTE. Due to market maker activity, this supply rate has historically tracked the T-bill interest rate.