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capFrontier Program: Epoch 2
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...
capFrontier Program - Epoch 3
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...
capCap Frontier Program
IntroOn August 18th, Cap will open to the public on Ethereum mainnet. All protocol functions will go live on this date. In order to track user contribution, “Caps” will be awarded for select user activity that benefit the Cap ecosystem overall. Caps are not just points, but a tool that will be used to identify key community members that are power users of our protocol. For example, we will reach out to top Caps holders for unique perks, special events, and additional access to the team.Struct...
capFrontier Program: Epoch 2
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...
capFrontier Program - Epoch 3
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...
capCap Frontier Program
IntroOn August 18th, Cap will open to the public on Ethereum mainnet. All protocol functions will go live on this date. In order to track user contribution, “Caps” will be awarded for select user activity that benefit the Cap ecosystem overall. Caps are not just points, but a tool that will be used to identify key community members that are power users of our protocol. For example, we will reach out to top Caps holders for unique perks, special events, and additional access to the team.Struct...
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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
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
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