EQ Market, a Canton-native lending protocol, has gone live on testnet, marking the first public milestone for what its developers describe as a credit layer built specifically for the Canton ecosystem.
The testnet supports a core supply-and-borrow market for CC and USDCx. Users can supply either asset to earn yield, borrow against supplied collateral, manage positions, repay debt, and withdraw assets. The protocol is built in Daml, Canton's native smart contract language, and is accessible exclusively through the Loop wallet at this stage.
The scope is intentionally narrow. The team has focused the initial release on proving the fundamental credit mechanics, collateral accounting, borrowing logic, repayment, and position health, before expanding to additional assets. If testnet produces no critical issues, the team has indicated a mainnet launch is intended to follow promptly.
Beyond the initial CC and USDCx markets, the roadmap points toward whitelisted tokenized assets and real-world assets. Canton's architecture allows assets to carry permissions, visibility boundaries, and transfer constraints that differ from standard public-chain tokens. EQ Market's stated intention is to build credit logic that accommodates those characteristics rather than flattening them into a generic pool structure.
The testnet is open to all users. A testnet Loop wallet, available at testnet.cantonloop.com, is required to interact with the protocol.
