Cap Overview

Stablecoin protocol with credible financial guarantees.

The Yield Renaissance

It’s time to break the cycle that has plagued DeFi for years. Users have continually been confined to self-consuming economic designs that don’t scale, relying heavily on either cyclical user fees or new token emissions for yield. These markets are not scalable and push users to suboptimal solutions.

Some of these solutions include low return TradFi products and high risk instruments like memecoins. These pose a grave risk to users, and ignore the true potential of crypto native yield. The reality is that there is still much more than can be done natively within the block space. DeFi can still offer unique value propositions to the masses that are not simple copies of fintech products or predatory price pumping schemes.

Covered Agent Protocol

CAP offers a new option for users, which does not rely on endogenous models. It is opening the gate to a hidden side of yield that was previously only accessible to wealthy insiders and their institutions. These exogenous sources of yield, such as arbitrage, rank among the most profitable business models in crypto. However, due to their complexity, only a handful of actors have dominated the space. Through CAP, any user will be able to access this scalable, adaptive native yield.

CAP offers users two credible commitments: perpetual competitive yield & risk coverage from yield generation activities.

• Perpetual competitive yield: by leveraging an operator layer to fulfill yield generation, in lieu of a team or DAO, CAP can generate competitive yield at any scale and market condition

• Coverage from yield generation risk: shared security marketplaces will underwrite the risk of agent activity, shielding stablecoin holders from the risk of these activities.

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