cap
1.2K posts

cap
@CapApp
Stablecoin protocol with credible financial guarantees, built on @ethereum | Accelerated by @megaeth


Cap is aware of the recent security incident involving Kelp DAO’s rsETH. Our underlying protocol is unaffected and continues to operate normally. We are actively monitoring the situation and have implemented all necessary precautions to ensure the safety of our users and their funds.



Cap has reached an all-time high in loan origination. Coming off a 300%+ increase in loans outstanding last quarter, Cap continues to serve steadily growing demand from institutional borrowers. These borrows are used for needs offchain, resulting in uniquely uncorrelated yield.

"okay so... people keep asking me what these are under my eyes" points to patches "cap. it's cap. i'm literally farming on a plane right now." "so here's the thing. i have like 50k cUSD just sitting there earning yield every single day. 6% APR. and it has native insurance on it because why not, i'm not doing anything with it" "Cap is open to anyone. i'm not even stressed. my money is just... working."





Cap has reached an all-time high in loan origination. Coming off a 300%+ increase in loans outstanding last quarter, Cap continues to serve steadily growing demand from institutional borrowers. These borrows are used for needs offchain, resulting in uniquely uncorrelated yield.







