Cap to Integrate EigenLayer’s Redistribution Feature

We are excited to announce Cap is officially joining the EigenLayer ecosystem as the first Autonomous Verifiable Service (AVS) that will integrate redistribution.

What is Cap?

Cap outsources the generation of yield via a set of institutional operators ranging from banks and HFT firms to market makers. The trust marketplace of EigenLayer enables Cap to generate perpetual competitive yield under any market conditions.

How is Slashing and Redistribution used in Cap?

Malicious operators are slashed, where delegations are redistributed back to the stablecoin holders. Slashing conditions are autonomous and verifiable, taking a huge leap from opaque recourse provision that always puts users in danger. With redistribution, Cap becomes the first stablecoin with credible financial guarantees, where users are shielded from the risks of yield generation.

How is Cap different from other AVSs?

AVSs on EigenLayer so far have focused on validation and passive rewards. Operators perform off-chain validation work and reward restakers with identical rewards. Cap takes an innovative approach of rewarding restakers on an operator basis, where counterparty risk is established one-to-one with the operator they are underwriting. This architecture allows operators to take more agency and be rewarded for their productivity, unlocking innovative use cases for EigenLayer and AVSs.

Timelines

With slashing live and redistribution on the way, Cap’s AVS will go live along with EigenLayer’s redistribution feature.

Follow Cap on Twitter: https://x.com/capmoney_

Cap website: https://cap.app/

Documentation: docs.cap.app