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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...
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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...
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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 progress.
cUSD is a digital dollar issued on the Ethereum blockchain and permissionless to use. cUSD is backed by payment stablecoins such as USDC, pyUSD, USDB, BENJI and BUIDL, etc. that are issued by regulated institutions with transparent attestations. It is 1:1 redeemable for any of the reserve assets.
stcUSD is a savings product issued by staking cUSD. Any cUSD holder has open access to stcUSD. Yield is generated via an autonomous layer of 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 downside protection that is verifiable by code.
The release of cUSD and stcUSD will happen gradually. We’re working with our operators, restakers, and collateral partners to kickstart the system.
cUSD’s reserve will be launched first, with a single asset as backing. Within the span of a month, we will add the rest of the initial collateral assets. Future collateral listings will happen on a rolling basis, following the methodology described in our documentation.
While the entire codebase is ready and fully audited, our allocation engine will not be live immediately. Once the initial reserve assets have been added, we will slowly introduce the initial operator set to launch borrowing. Cap’s operator set is primarily consisted of regulated financial institutions, trading firms, and established crypto brands. Our initial set of partners will test the product for the 1-2 months. Prior to full launch, a wider set of operators will added to service the larger amount of liquidity expected at that time.
The following is our initial roadmap which has documented our progress at Cap and what our broader community should look forward to in the future.
✅ Feb: Finish MVP
✅ March - May: Complete Audits
Zellic Audit
Trail of Bits Audit
Spearbit Lead Security Researchers Audit
Code review by shared security market teams
✅ April: Seed Announcement
✅ May: Onboard initial cUSD settlement network members
✅ May: Begin operator-restaker matchmaking
⏳ MegaETH and LayerZero mainnet-testnet product release
⏳ Announce cUSD settlement network members
⏳ Reveal initial operator set
⏳ Operator-Restaker trial
Restakers delegate a small amount of stake
Operators borrow small amounts to test
⏳ Announce full operator set
⏳ Full launch: cUSD and stcUSD
⏳ Launch public incentives campaign
As Cap gradually launches components for its full product, users will have the chance to test out these components. This includes minting cUSD, staking for stcUSD, restaking with one of our partner LRTs, and using bcUSD (to be announced soon).
Questions and feedback are encouraged. Long-form questions and feedback should be posted on our community forum. Discussions may be had on our Telegram and Discord communities.
Website: https://cap.app
X/Twitter: https://x.com/capmoney_
Discord: https://discord.gg/capmoney
Documentation: docs.cap.app
Knowledge Base: https://cap.app/knowledge-base
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 progress.
cUSD is a digital dollar issued on the Ethereum blockchain and permissionless to use. cUSD is backed by payment stablecoins such as USDC, pyUSD, USDB, BENJI and BUIDL, etc. that are issued by regulated institutions with transparent attestations. It is 1:1 redeemable for any of the reserve assets.
stcUSD is a savings product issued by staking cUSD. Any cUSD holder has open access to stcUSD. Yield is generated via an autonomous layer of 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 downside protection that is verifiable by code.
The release of cUSD and stcUSD will happen gradually. We’re working with our operators, restakers, and collateral partners to kickstart the system.
cUSD’s reserve will be launched first, with a single asset as backing. Within the span of a month, we will add the rest of the initial collateral assets. Future collateral listings will happen on a rolling basis, following the methodology described in our documentation.
While the entire codebase is ready and fully audited, our allocation engine will not be live immediately. Once the initial reserve assets have been added, we will slowly introduce the initial operator set to launch borrowing. Cap’s operator set is primarily consisted of regulated financial institutions, trading firms, and established crypto brands. Our initial set of partners will test the product for the 1-2 months. Prior to full launch, a wider set of operators will added to service the larger amount of liquidity expected at that time.
The following is our initial roadmap which has documented our progress at Cap and what our broader community should look forward to in the future.
✅ Feb: Finish MVP
✅ March - May: Complete Audits
Zellic Audit
Trail of Bits Audit
Spearbit Lead Security Researchers Audit
Code review by shared security market teams
✅ April: Seed Announcement
✅ May: Onboard initial cUSD settlement network members
✅ May: Begin operator-restaker matchmaking
⏳ MegaETH and LayerZero mainnet-testnet product release
⏳ Announce cUSD settlement network members
⏳ Reveal initial operator set
⏳ Operator-Restaker trial
Restakers delegate a small amount of stake
Operators borrow small amounts to test
⏳ Announce full operator set
⏳ Full launch: cUSD and stcUSD
⏳ Launch public incentives campaign
As Cap gradually launches components for its full product, users will have the chance to test out these components. This includes minting cUSD, staking for stcUSD, restaking with one of our partner LRTs, and using bcUSD (to be announced soon).
Questions and feedback are encouraged. Long-form questions and feedback should be posted on our community forum. Discussions may be had on our Telegram and Discord communities.
Website: https://cap.app
X/Twitter: https://x.com/capmoney_
Discord: https://discord.gg/capmoney
Documentation: docs.cap.app
Knowledge Base: https://cap.app/knowledge-base
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