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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...
>400 subscribers
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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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.
As 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 the new markets and vaults live on Ethereum:
stcUSD market:
Morpho stcUSD/USDC market. Lend and borrow using the most secure, efficient, flexible lending protocol on Ethereum.
PT-stcUSD market:
Morpho PT-stcUSD-29JAN2026/USDC market. Lend and borrow using the most secure, efficient, flexible lending protocol on Ethereum.
Cap is a stablecoin protocol powered by credible financial guarantees. It offers two core products:
cUSD – a dollar-denominated stablecoin backed 1:1 by a basket of payment stablecoins including USDC. Holders can redeem cUSD for any reserve asset in the basket.
stcUSD – a yield-bearing stablecoin minted by staking cUSD. It generates returns from operator activity underwritten by restaker delegations.
Additionally, PT-stcUSD (Pendle Principal Token) is a fixed yield token that represents a claim on stcUSD at maturity.
Morpho is the most trusted onchain lending network with $11B+ in deposits. Businesses can connect to Morpho's open infrastructure to power any lending or borrowing use case at scale, including embedded crypto-backed loans and custom yield solutions.
Gauntlet is a leading risk management platform in DeFi, focused on optimizing capital allocation across lending markets. By continuously simulating liquidity, volatility, and market dynamics, Gauntlet helps protocols strike the balance between safety and yield.
With this launch, stcUSD and PT-stcUSD are now included in Gauntlet’s curation efforts.
Morpho x Gauntlet USDC Core vault. The USDC Core Vault will whitelist a range of liquid collateral markets and continuously optimize risk-adjusted yield across those markets. This vault targets a higher risk level than Gauntlet's Prime Vaults.
Morpho x Gauntlet USDC Frontier vault. The Gauntlet USDC Frontier Vault targets maximum yield by allocating to potentially higher volatility markets that may face liquidity risks in exchange for greater supplier returns.
The integration of Cap assets with Gauntlet-curated vaults on Morpho marks another milestone in our roadmap. By tapping into Morpho's network effect and Gauntlet’s risk expertise, we are empowering users to get the most out of stcUSD in a safe and efficient manner.
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.
As 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 the new markets and vaults live on Ethereum:
stcUSD market:
Morpho stcUSD/USDC market. Lend and borrow using the most secure, efficient, flexible lending protocol on Ethereum.
PT-stcUSD market:
Morpho PT-stcUSD-29JAN2026/USDC market. Lend and borrow using the most secure, efficient, flexible lending protocol on Ethereum.
Cap is a stablecoin protocol powered by credible financial guarantees. It offers two core products:
cUSD – a dollar-denominated stablecoin backed 1:1 by a basket of payment stablecoins including USDC. Holders can redeem cUSD for any reserve asset in the basket.
stcUSD – a yield-bearing stablecoin minted by staking cUSD. It generates returns from operator activity underwritten by restaker delegations.
Additionally, PT-stcUSD (Pendle Principal Token) is a fixed yield token that represents a claim on stcUSD at maturity.
Morpho is the most trusted onchain lending network with $11B+ in deposits. Businesses can connect to Morpho's open infrastructure to power any lending or borrowing use case at scale, including embedded crypto-backed loans and custom yield solutions.
Gauntlet is a leading risk management platform in DeFi, focused on optimizing capital allocation across lending markets. By continuously simulating liquidity, volatility, and market dynamics, Gauntlet helps protocols strike the balance between safety and yield.
With this launch, stcUSD and PT-stcUSD are now included in Gauntlet’s curation efforts.
Morpho x Gauntlet USDC Core vault. The USDC Core Vault will whitelist a range of liquid collateral markets and continuously optimize risk-adjusted yield across those markets. This vault targets a higher risk level than Gauntlet's Prime Vaults.
Morpho x Gauntlet USDC Frontier vault. The Gauntlet USDC Frontier Vault targets maximum yield by allocating to potentially higher volatility markets that may face liquidity risks in exchange for greater supplier returns.
The integration of Cap assets with Gauntlet-curated vaults on Morpho marks another milestone in our roadmap. By tapping into Morpho's network effect and Gauntlet’s risk expertise, we are empowering users to get the most out of stcUSD in a safe and efficient manner.
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