$NOTE is the unit of account on Canto, and it is over-collateralized with value perpetually rebalanced toward $1 through an algorithmic interest rate policy.

$NOTE is the unit of account on Canto. $NOTE is an over-collateralized currency with a value perpetually rebalanced toward $1 through an algorithmic interest rate policy.

$NOTE cannot be created – it must be borrowed from the Accountant, a smart contract that implements the algorithmic interest rate policy, via the Canto Lending Market (CLM).