Subscribe to cap
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...
Share Dialog
Share Dialog
>400 subscribers
>400 subscribers
Cap, 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 transparent onchain guarantees.
Holders of PayPal’s PYUSD will now be able to mint cUSD (Cap’s digital dollar) and swap for other dollar assets in Cap’s Stablecoin Network. US Treasury bill yield from PYUSD will contribute to stcUSD’s minimum yield. PYUSD will serve as a blueprint for future collateral partners joining the CSN.
About Cap
Cap is a stablecoin protocol that provides credible financial guarantees via two products: the dollar-denominated cUSD and the yield-bearing stcUSD.
cUSD
cUSD is a digital dollar issued on the Ethereum blockchain that can be used on any blockchain. cUSD is backed by Cap’s Stablecoin Network, a network of blue chip dollar assets issued by regulated institutions with transparent attestations. It is 1:1 redeemable for any of the available reserve assets.
stcUSD
stcUSD is a savings product issued by staking cUSD. Yield is generated via an autonomous layer of regulated financial institutions, or operators, who self-select in and out based on the current hurdle rate of the protocol. The risk of yield generation is covered, meaning users have full downside protection that is verifiable by code.
About PayPal
PayPal’s PYUSD launched in 2023 and has since grown to $950 million in circulating supply. PayPal itself has over 400 million users who all potentially have access to PYUSD.
To stay tuned to news about Cap, follow our X account. You can learn more about Cap through our official documentation.
Cap, 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 transparent onchain guarantees.
Holders of PayPal’s PYUSD will now be able to mint cUSD (Cap’s digital dollar) and swap for other dollar assets in Cap’s Stablecoin Network. US Treasury bill yield from PYUSD will contribute to stcUSD’s minimum yield. PYUSD will serve as a blueprint for future collateral partners joining the CSN.
About Cap
Cap is a stablecoin protocol that provides credible financial guarantees via two products: the dollar-denominated cUSD and the yield-bearing stcUSD.
cUSD
cUSD is a digital dollar issued on the Ethereum blockchain that can be used on any blockchain. cUSD is backed by Cap’s Stablecoin Network, a network of blue chip dollar assets issued by regulated institutions with transparent attestations. It is 1:1 redeemable for any of the available reserve assets.
stcUSD
stcUSD is a savings product issued by staking cUSD. Yield is generated via an autonomous layer of regulated financial institutions, or operators, who self-select in and out based on the current hurdle rate of the protocol. The risk of yield generation is covered, meaning users have full downside protection that is verifiable by code.
About PayPal
PayPal’s PYUSD launched in 2023 and has since grown to $950 million in circulating supply. PayPal itself has over 400 million users who all potentially have access to PYUSD.
To stay tuned to news about Cap, follow our X account. You can learn more about Cap through our official documentation.
No comments yet