cap

Cap is pleased to release its full codebase for the general community to review ahead of our launch. In addition to our code repository, we’re also releasing our security audits. This will allow stakeholders to analyze professional reviews of our code before using the protocol. Cap is a stablecoin protocol built on Ethereum to generate yield for dollar asset holders while protecting them from the downside risk of yield generation. It’s unique architecture allows for a network of institutions ...

Cap, a stablecoin protocol with credible financial guarantees, is excited to announce Circle’s USDC as its next addition to the Cap Stablecoin Network, as well as the integration of Aave and Yearn for base yield. The Cap Stablecoin Network (CSN) is an open network for cUSD’s collateral management and yield generation. CSN facilitates instant, secure and low-cost exchanges between collateral assets. Assets used for yield generation are fully protected with transparent onchain guarantees. Holde...

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 ...

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...

CAP Integrates Chainlink Price Feeds to Help Power its Shared SecurityWe’re excited to announce that Cap—a decentralized stablecoin protocol for covered yield at scale—has integrated Chainlink Price Feeds on Ethereum mainnet. By integrating the Chainlink standard, Cap has access to high-quality, tamper-proof price feeds needed to accurately price ETH and stETH-based restaking delegations that secure operator activity, supporting the minting and solvency of cUSD. This will provide our users wi...

Introducing Cap: The Yield RenaissanceIt’s time to break the cycle that has plagued DeFi for years. Users have continually been confined to self-consuming economic designs that don’t scale, relying heavily on either cyclical user fees or new token emissions for yield. These markets are not scalable and push users to suboptimal solutions. Some of these solutions include low return TradFi products and high risk instruments like memecoins. These pose a grave risk to users, and ignore the true po...

PayPal USD Joins Cap’s Stablecoin NetworkCap, a stablecoin protocol with credible financial guarantees, is excited to announce the establishment of the Cap Stablecoin Network with PayPal’s PYUSD as an initial collateral partner and base strategy. The Cap Stablecoin Network (CSN) is an open network for cUSD’s collateral management and yield generation. CSN facilitates instant, secure and low-cost exchanges between collateral assets. Assets used for yield generation are fully protected with tra...

Benjamin and Jae from Cap Labs Thanks to Carson, Ekram and Ishaan for their thoughtful feedback on this piece. With more than $200B in circulating supply, stablecoins have undoubtedly become the most significant sector within crypto today. One could even argue that the stablecoin sector has decoupled itself from the volatile crypto market—stablecoins have proved resiliency despite the crypto market's downturn in 2025, with more TradFi institutions actively integrating DeFi into their sol...

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 Redi...

The online platform economy has enabled small startups to scale to large tech giants, based on one counterintuitive dynamic: they do not own any of the inventory that makes up their networks. The most classic examples are Uber, which does not own any of the vehicles in its fleet, and Airbnb, which does not own any of the rooms that dot the platform. Using the power of the market, these companies are able to match those offerings with those in need of a service, whether it be a ride downtown o...

Cap is a stablecoin protocol created by DeFi veterans from Beefy Finance, Frax Finance, and QiDao Protocol. The project is backed by financial giants, such as Franklin Templeton, IMC Trading, SCB, and Flow Traders. Its goal is to scale yield for stablecoins while maintaining credible financial guarantees for users. Cap has made immense strides this year as we prepare to fully launch. Ahead of our deployment, we’re excited to release this public roadmap for the broader community to follow our ...

X: @jaeyongp1, @Benjamin918_ Thanks to @ishaan0x and EigenLayer members for their review and discussions. TL;DR: A new mental model to understand EigenLayer is to view it as a productivity-based incentives platform where operators can take a more active role, building on the following assumptions:An Actively Validated Service (AVS) on EigenLayer is not inherently a validation network.As such, operators are not bound to perform validation tasks and can instead complete individual tasks. This a...