Benjamin Sarquis Peillard, founder and CEO of @CapApp, said the ability of stablecoin issuers to freeze assets associated with the incident demonstrates how different parts of the industry can coordinate during a crisis, but it also raises broader questions about operational dependencies and security across the ecosystem. @Benjamin918_ shared his perspective with @Yaelbiz on the largest hack in crypto history. Check out her full piece below

Cap and all of its products have no exposure to Binance. All Cap loans to institutional borrowers continue to be overcollateralized by an average of 300% with blue chip collaterals.

@Benjamin918_ @CapApp Checking borrower collateral is a growing headache for private credit teams. Benjamin Sarquis Peillard covers it in the full episode, along with how credit can move onchain. Watch the full conversation on YouTube: @AlecJBurns @JackODavies_

Web3 is much safer than Web2. Our devs are more paranoid, our systems have less trust assumptions, and we do not rely on security through obscurity. For the last 6 years, we've actively defended our honeypot platforms against state actors like North Korea. This has resulted in some of the most battle-hardened security practices in finance. I suspect AI will accelerate the adoption of DeFi as people flee the poorly built legacy financial system.

Introducing zero deposit fees You can now deposit and withdraw from Cap with $USDC without fees ✅ Zero fees ✅ No whitelists ✅ 24/7 liquidity Here's why this matters 🧵

Most lending decisions are made by intermediaries risking other people's money. What if underwriters had to back every loan with their own collateral? New episode with Benjamin Sarquis Peillard, Founder and CEO of Cap. Full episode in the replies 👇

Live support is now available directly on Cap App! Users can now get help from our team and AI assistant without having to join Telegram, Discord, or any external messaging platform.

Finally a good move from EU regulators. They're tightening requirements for unfunded risk insurance These insurance products, called unfunded SRTs, can get out of hand since insurance companies don't post collateral for the loans their insure. As a result, they may insure more loans than they can see default & insure loans that may otherwise not have touched on a funded model I've seen these products already enter the blockchain space, where unfunded insurance takes risk off non-crypto collateral. We should keep a close eye on this Regulation is great, but it can't protect us forever. If we want to prevent another AIG scenario, we need to bring these credit insurance products onchain with transparent + verifiable collateral. This is an under-explored area in DeFi that I think will have more traction soon

The GENIUS Act has made borrowing in stablecoins normal for businesses that have never even touched crypto. The film studios borrowing on @CapApp have no Bitcoin or staked ETH to put up as collateral Yet they’re happy to borrow because “at the end of the day, it’s just dollars.” — @Benjamin918_

Op-ed: Putting RWAs onchain is not enough. Benjamin Sarquis Peillard @Benjamin918_, Cap @CapApp founder, says assets need instant settlement that frees tied-up collateral, coupon payments run by smart contract, and a tokenized bond that can be pledged in DeFi. Read more here:

Live at 12:00 PM ET / 9:00 AM PT. Today's lineup: - @dwr, @tempo - @gbartsmith, @avat_co - @ZachKwartler, @moonpay - @Benjamin918_, @CapApp - @Pememoni, @0xfairblock - @christophergdf, @dfnsHQ @byndspeculation, presented by @breezedotcom - @bassbuddha, @Collector_Crypt - @web4O, @BAXUSco

Putting private credit on-chain can make settlement faster, improve transparency, and automate payments. But who bears the loss when a loan goes bad? @Benjamin918_ from @CapApp, argues that the biggest problem is misaligned incentives:

Cap has created a novel credit marketplace with a new participant, the funded underwriter. Instead of a central team allocating capital, an independent party posts collateral and is rewarded for their judgment. This is how Cap enables onchain credit to scale across industries.

Demand for underwriting loans at Cap has never been higher. Around 85% of $USDC deposits at Cap have been lent to institutional borrowers, generating a 30D average of 5.6% APR for USD depositors. Every loan is backed by a funded underwriter who posts collateral and earns a premium for good judgement.

Private credit is changing under our feet. @Benjamin918_ explains how and how Cap is a major part of this structural shift by connecting efficiency of onchain finance to the productivity of the real world.