Alpend started with a simple premise:
Credit markets need privacy, precision, and settlement certainty.
Alpend introduced privacy-aware money markets to @CantonNetwork.
Now, Alpend-1 extends that foundation into programmable dollar liquidity for Canton DeFi.
The ONE thesis
Canton DeFi needs a native dollar asset.
CC needs a productive collateral utility.
ONE connects both.
It turns CC into dollar liquidity, gives users new ways to borrow and deploy capital, and gives Canton applications a credit asset to build around.
This is the next step for Alpend.
From private money markets to programmable credit.
From CC collateral to Canton-native dollar liquidity.
From isolated applications to a connected DeFi credit layer.
ONE is the programmable dollar for Canton DeFi.
Meet ONE
ONE is a CC-backed debt instrument economically designed to be geared toward $1 and bring native-dollar liquidity to the Canton DeFi.
Users will be able to lock Canton Coin as collateral and mint ONE by opening an overcollateralized debt position on Alpend-1.
The result is a dollar-targeted credit asset backed by Canton’s native economic base, built to move across DeFi as a liquidity, settlement, trading, and yield primitive.
At its simplest:
Lock CC. Mint ONE. Use ONE across Canton DeFi.
Use ONE across Canton DeFi
ONE is launching with utility from day one.
While access to the Alpend-1 protocol is being enabled for everyone, users can already acquire ONE through our DVP and start using it across Canton-native applications.
- Use ONE to trade defined-risk digital options on @RavenMarkets.
- Use ONE to access tokenized real estate index markets through @FractItLabs.
- Stake ONE on @AlpendHQ Vault to earn yield through curated strategies.
- Use ONE to acquire more CC and build predictable CC exposure without relying on perpetual funding rates.
Experience ONE now at one.alpend.com.



