cap
@CapApp
Credit platform backed by financial guarantees
11 Following 23.5K Followers
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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What if private credit stopped trusting people with the risky bits?
For the latest The NOW Effect, @ornella_hdz sat down with @Benjamin918_, CEO of @CapApp, to unpack on-chain private credit, RWA and machine-led underwriting.
Watch the full interview:
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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.
According to @DefiLlama, average APY of Cap USD for the month of August was 5.17%.
This level of consistency beats the median of our peer group of 66 comparable venues by 1.63%.
Source:
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Security doesn't stop at the smart contract level.
Scams live off-chain too — fake sites, impersonator X accounts, spoofed TG admins. @ChainPatrol helps us hunt them down and take them offline.
Protecting users is the protocol's job. Every step counts.
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Protecting users has always been our #1# priority.
That's why we partnered with @ChainPatrol to defend against common (and uncommon) attack vectors.
As the leading onchain credit platform that's backed by financial guarantees, @CapApp has a fast-growing community that we are proud to help protect across every attack vector.
39% of the threats we've blocked came from X/Twitter alone. Together, we're protecting users from impersonation accounts, malicious wallet drainers, cloned sites and other phishing attempts.
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Onchain solves distribution.
It hasn't solved underwriting yet.
@LouisMohnjr of Franklin Crypto (@FTDA_US) on why private credit onchain is still experimental, and the sourcing, risk, and liquidity work that's still TradFi's to do.
Protocols like @CapApp are just scratching the surface of what a new distribution channel could unlock.
More Block House Broadcast clips are still on the way.
Brought to you by @wrappedxyz and @realmotioninc
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Constant growth is the only option
Bear market or bull market, there’s only one acceptable direction: up
In @jaeyong's presentation at @StanfordSBA, he illustrates how Cap is fixing the problems facing private credit 👇
- Verified collateral prevents double-pledging
- Underwriter skin in the game ensures accountability
- Instant liquidations maintain full collateralization
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What if credit moved at the speed of commerce?
What if the future of private credit isn’t bigger funds or more intermediaries?
At Cap, our vision for credit has verification and enforceability at our cornerstone.
Learn more in our Cap Map below 👇
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People lie. Markets don't.
That's why Cap is powered by a financial guarantee market where underwriters "guarantee" borrowers on behalf of depositors, resulting in yield that is not only covered, but scales.
In Markets We Trust 🫡 🧢
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Cap is proud to support @ethereuminsti and its mission to accelerate institutional adoption of Ethereum.
Together, we will work in lockstep to ensure that the future of finance is one that is on Ethereum.
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Since July 14th, Cap USD deposits have increased 68.59%.
This growth can be credited to institutions and neobanks depositing into Cap to fulfill their yield requirements
Institutions that never borrowed in DeFi are now accessing credit lines onchain.
The next unlock is underwriting that credit with real-world assets.
@Benjamin918_, CEO and founder of @CapApp, and @the_weso, CTO, joined DeFi Drip at @rwasummit.
- How credit delegation works onchain, with underwriters posting collateral and carrying default risk
- The borrower mix arriving onchain: trading firms, payment financing, web2 fintechs
- Tokenized RWAs as the next underwriting collateral, from equities to other instruments
Watch the full episode ↓
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Borrowing against @CapApp and @maplefinance's Senior tranches is now cheaper than ever.
The current setup improves capital efficiency.
Worth taking a closer look.
