Aristotle famously said “a whole is a sum of it’s parts” and at Cap, we want to ensure that our whole protocol is made up of the highest quality of participants. With that, Cap is proud to announce our institutional cohort of operators and delegators who will be live with us day 1 of our protocol launch including IMC Trading, Susquehanna Crypto, Flow Traders, and more.

Cap: A Marketplace for Yield

At its core, Cap is a marketplace for yield where the participants are incentivized to act in the best interest of their counterparty. This three-prong market made up:

1. Users are holders of cUSD who deposit in stcUSD. cUSD is minted with stablecoins from Cap’s Stablecoin Network which is then is lent out to operators to generate yield.

2. Operators are organizations with edge that generate yield. Their goal is to grow their liquidity by tapping into Cap’s Stablecoin Network w/o collateral via third-party delegations.

3. Delegators who utilize their restaked capital to underwrite individual operator activities via delegations and guarantee that user principle is protected.

Operators and Delegators

For users, the question that is asked is which operators are borrowing and which delegators are protecting their collateral. These operators aren’t just typical market actors but decades-old trading shops, public companies, multi-strategy dollar proprietary trading firms, etc. Collectively, these organizations have hundreds of billions of dollars under management and have edge whose exposure has only been available to a gated few. Thanks to Cap, it will now be available to all. The initial operators to be whitelisted are:

• Amber Group

• Auros

• Caladan

• Concrete

• Edge

• Fasanara

• Flow Traders

• Flowdesk

• Gauntlet

• GSR

• IMC Trading

• Keyrock

• Portofino

• Re7

• RockawayX

• Susquehanna Crypto

Our delegators have tens of billions of restaked capital ready to be deployed and are powered by Eigenlayer and Symbiotic. These delegators include:

• Ether fi

• Gauntlet

• Stakestone

• Kelp

• MEV Capital

• Puffer

• Re7

• Renzo

Conclusion

Cap is a stablecoin protocol built using credible financial guarantees but what does that mean exactly? Delegators partner with institutions to make sure there is a competitive marketplace for yield generation, all while users are protected from downside risk.

As we come up to the eve of our launch on August 18th, we are excited to bring you what we have been painstakingly worked on for the past year. Make sure you follow our X/Twitter and join our Discord for all of our latest updates.