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.
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@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_
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$CAP is the governance token of @CapApp, a credit protocol where dollar deposits mint cUSD and fund loans to vetted institutions. Each loan is covered by an underwriter’s own collateral.
Investors include Franklin Templeton, and in September Cap became one of the first three issuers on PayPal’s PYUSDx.
Swap $CAP now:
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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 🧵
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Cap does NOT use Railway for any production applications.
Our platform continues to operate normally with no exposure to today’s security disclosures.
Our team continues to monitor all industry developments and security disclosures to ensure the ongoing safety of our operations.
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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 👇
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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.
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Dennis Dinkelmeyer (@DennisMidas), CEO of Midas (@MidasRWA), explains why non-USD stablecoins need term structures in onchain lending to scale. Borrowers want duration, he said, and term could bring more real-world loans and a more diversified currency mix. Listen to the panel for thoughts from Piotr Saczuk (@stablecoin_p) of Stablewatch (@stablewatchHQ), Benjamin Peillard (@Benjamin918_) of Cap (@CapApp), and Aidan Bristow of Gauntlet (@gauntlet_xyz).
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Announcing our final set of partners for Onchain Day at TOKEN2049 Singapore, powered by @StellarOrg!
Built by @wrappedxyz, hosted by @momentumxglobal and amplified by @realmotioninc.
🟩 @usecowboy
🟩 @Ymaxapp, built by @agoric
🟩 @Anchorage
🟩 @CapApp
🟩 @cybrid_xyz
🟩 @KAIO_xyz
🟩 @Multichain
🟩 @solana
And thank you to all of our current partners!
@AlgoFoundation | @CertiK | @FlareNetworks | @0G_labs | @ChainPatrol | @Dune | @ethereuminsti | @GoKiteAI | @Mercuryo_io | @moraleshr | @_quakeai
🗓️ RSVP:
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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:
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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.
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When yield has no visible source,
you are the source.
@defidave of @CapApp on separating sustainable onchain yield from the kind that ends badly.
The question isn't what's the rate. It's who's paying it and why.
Brought to you by @wrappedxyz and @realmotioninc
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Lombard’s Bitcoin Onchain Credit Strategy is funded underwriting in practice.
By providing sound judgement, Lombard earns a premium.
Credit is evolving and Cap is leading the way.
Credit is the latest addition to Lombard's suite of yield opportunities. Bitcoin Onchain Credit Strategy (BTCoc) launched two months ago.
BTCoc posts LBTC as collateral on @symbioticfi to underwrite a USDC credit line from @CapApp to @FlowTraders.
In two months we scaled to $45m, generating close to 2% net APY on Bitcoin. As LBTC scales it's underlying active allocation managed by @Bitwise, the strategy targets 4% net.
Bitcoin will win.
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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.
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cUSD now runs on PYUSDx.
Cap's native stablecoin has migrated to PYUSDx, the new developer platform from @PayPal, @M0, and @moonpay. The backing of cUSD is now PYUSD reserves.
Here's how it works 🧵
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The Key Differentiator of Cap is the Funded Underwriter.
Our Head of Growth @defidave appeared on @blocmates and explained how by having an independent outside party diligence and "fund" loans allows credit to scale.
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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.
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To the hundreds of @fomo trenchers that have recently followed me, if you took profits and want to park your stables, @CapApp is the place to do it
- Consistent performance
- Protection via funded underwriters
- Institutional-grade yield
Deposit here 👉
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Cap deposits powered by Halliday.
Cap cooking as usual.
