A new dawn for stablecoins has arrived and as the sun peaks over the horizon, the time has come for us to put our “caps” on. Cap is officially LIVE and users can start minting cUSD today, earning Caps in the process from Epoch 1 of our Frontier Program. For those who want to embark on the journey and participate in Frontier, a step by step tutorial is at the bottom of the article.A Year of PreparationA year ago, Cap was just an idea. A bold framework for how yield could be generated for stabl...

Cap enters its third and final epoch of Frontier. Epoch 3 will begin on October 13th and last until the end of Frontier. The program may last less than the originally-intended 5 month period in the event that certain internal metrics are met.Participation boostNote that there will be a boost for users that participate in Cap consistently from earlier epochs. The longer a user participate in Frontier, the better their outcome will be. Users that leave Frontier early will not receive the full b...

When used responsibly, leverage is a powerful tool that maximizes yields for users, and it’s all the more effective when the money legos click together so effortlessly. By combining Morpho’s efficient lending markets with Pendle’s yield-tokenization, users can construct looping positions that dramatically amplify returns on stcUSD, PT-stcUSD, and PT-cUSD positions.What is Looping Anyway?Looping is a leverage strategy in DeFi where a user repeatedly borrows against collateral and redeposits th...

Cap has updated our UI to allow users to directly trade Pendle PTs and YTs on the Cap App. Whether you are looking to lock in a fixed term by holding a PT or want to speculate on yield by holding a YT, this integration allows you to do so all without leaving our platform.What is Pendle?Pendle is a protocol that tokenizes yield into a trading layer for users to speculate and hedge on, letting anyone split a yield-bearing asset into two pieces, the PT & the YT, and trade them on their AMM.PT (P...

Epoch 1 will end on September 1st, when Epoch 2 starts. Ahead of this change, we’re releasing details for epoch 2. Remember that Frontier is designed for long term users - continued participation is needed to unlock its full potential.Epoch 1 RecapEpoch 1 of Cap’s Frontier Program was simple, bootstrap cUSD’s reserve with USDC. The market reception was tremendous, with over $65M in user deposits from a distributed set of users. Blue chip projects have already integrated cUSD and stcUSD. Pendl...

We're excited to announce that Cap has partnered with Gauntlet to launch new markets on Ethereum for stcUSD and PT-stcUSD on Morpho. This integration expands access and liquidity for Cap assets while offering new opportunities for suppliers to earn optimized returns through Gauntlet’s risk-managed vault strategies.Details of the MarketsAs of now, only stcUSD and PT-stcUSD will be listed as collateral on Morpho and users will have the ability to loop their positions 9x. You can now access...

Aristotle famously said “a whole is a sum of it’s parts” and at Cap, we want to ensure that our whole protocol is made up of the highest quality of participants. With that, Cap is proud to announce our institutional cohort of operators and delegators who will be live with us day 1 of our protocol launch including IMC Trading, Susquehanna Crypto, Flow Traders, and more.Cap: A Marketplace for YieldAt its core, Cap is a marketplace for yield where the participants are incentivized to act in the ...

The more places to leverage, the merrier. We are excited to expand our lending market offerings of Cap assets onto Euler. These new markets will be for cUSD, stcUSD, PT-cUSD and PT-stcUSD as well as include USDC and USDT in those vaults. This integration expands access and liquidity for Cap assets, including new ones that will be available for the first time. Users who lend USDC and USDT to Euler markets will be eligible to earn x1 caps as part of our Cap Frontier Program. These markets can b...

It’s been over a week since launch and the progress of Cap has been nothing short of astounding. We have over $70 million in deposits and growing and our mints have happened without a breeze. A partner we want to highlight who has been essential to our success is RedStone who is one of oracle providers onchain today. Not only did they build our oracle from scratch, but the oracle itself has resulted in an 80% reduction in fees for users minting cUSD. By cooperating with RedStone, Cap offers y...

Today we are excited to announce that Cap has been listed on Pendle with a pool for stcUSD, enabling users to have agency over their yield preference. Users will now have the option to opt into fixed yield with Principal Tokens (PT) or floating variable yield plus caps with Yield Tokens (YT). This listing comes in the first week of launch and is emblematic of the reception Cap has received. This will be the first of many Pendle markets listed for Cap.cUSD Caps Markets Are Now Live PendlePendl...

Today, we are proud to announce that Cap has been listed on Pendle with a pool for stcUSD, enabling users to have agency over their yield preference. Users will now have the option to opt into fixed yield with Principal Tokens (PT) or floating variable yield with Yield Tokens (YT). This listing comes in the first week of launch and is emblematic of the reception Cap has received. This will be the first of many Pendle markets listed for Cap.Quick ReCapCap is a stablecoin protocol powered by cr...

As Cap’s reserve completes its initial bootstrapping phase, we are now kickstarting delegations and borrowing at Cap. For that purpose, Cap will be publicly tracking delegation contributions, much like we are tracking cUSD user behavior. This will serve to identify key delegator partners on both Symbiotic and EigenLayer, as borrowing from Cap begins to come online. Delegators will earn delegator contribution rewards (named “COGs”) for every dollar of delegations to Cap operators. A boost will...