Ask about cap · freeTotal Value Locked$271.33m
TVL by Chain
Ethereum$271.33m
Key Metrics
Fees 30d$522,260
Fees 30d by chain
Ethereum$522,260
Fees 7d$153,671
Ethereum$153,671
Fees 24h$15,632
Ethereum$15,632
Cumulative Fees$8.18m
Ethereum$8.18m
Revenue 30d$422.54
Revenue 30d by chain
Ethereum$422.54
Revenue 7d$80.95
Ethereum$80.95
Revenue 24h$13.51
Ethereum$13.51
Cumulative Revenue$450,275
Ethereum$450,275
Holders Revenue 30d$0
Holders Revenue 30d by chain
Ethereum$0
Holders Revenue 7d$0
Ethereum$0
Holders Revenue 24h$0
Ethereum$0
Cumulative Holders Revenue$0
Ethereum$0
Incentives 1y$0
$0
$0
$0
$0
Earnings (Annualized)$270,685
$422.54
$80.95
$13.51
$450,275
Market Cap$115.21m
$CAP Price$0.074
$738.53m
$434.71m
$CAP Volume 24h$9.16m
CEX Volume$11.43m
DEX Volume$3.58m(39.03% of total)
Active Loans$55.45m
Total Raised$15.4m
Oct 28, 2024$1.9mRound: Pre-SeedInvestors: Kraken Ventures, Robot Ventures, Anagram, ABCDE, SBC Limited, Kain Warwick, Fernando Martinelli, Sandeep Nailwal
Apr 7, 2025$8mRound: SeedInvestors: Franklin Templeton, Triton Capital, GSR, Flow Traders, Laser Digital Ventures, IMC Financial Markets, RockawayX, Superscrypt, Selini Capital, CMCC Global, Caladan, Paper Ventures, Presto Labs, Fasanara Capital, Auros Global, Breed VC, Curved Ventures, Nonce Classic, Flowdesk
Jun 17, 2026$5.5mRound: Public token sale
Protocol Information
Cap is a stablecoin protocol that provides credible financial guarantees via two products: the dollar-denominated cUSD and the yield-bearing stcUSD.
Audits:
Methodology
TVL: count the total supplied assets on capToken vaults and the total delegated assets on networks (symbiotic, eigenlayer, etc.). Bridged tokens on MegaETH are tracked via source chain (Ethereum) collateral only.View code on GitHubFees: All fees paid by users for either borrowing (borrow fees + restaker fees) or minting (insurance fund fees).View code on GitHubRevenue: Share of borrow fees for protocol and 0.1% of mint amount paid as fees for cUSD.View code on GitHubHolders Revenue: View code on GitHubIncentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.
Earnings: Revenue of the protocol minus the incentives distributed to users
Yields
Pools Tracked1
Average Supply APY7.19%
Competitors
Frequently Asked Questions
What is cap's TVL?
cap currently has $271.33m in total value locked. TVL has decreased 18.2% over the past 30 days.
How much has cap generated in fees and revenue?
Over the past 30 days, cap generated $522,260 in fees. Of that, $422.54 was protocol revenue. Based on the trailing year, the annualized rate is $7.38m in fees and $270,685 in revenue.
What is the CAP token price and valuation?
CAP is currently trading at $0.074. Its circulating market capitalization is $116.18m, ranking it #371. Its fully diluted valuation is $744.73m. Supply currently stands at 1.56b circulating, 10b total supply, 10b maximum supply.
How has CAP performed recently?
CAP is down 12.5% over the past 7 days and up 58.1% over the past 30 days. Its all-time high is $0.10, reached on Oct 6, 2026. The token is currently 26.1% below that level.
How does cap's TVL compare to similar protocols?
Among Lending protocols tracked by DefiLlama, cap ranks #17 by TVL. The category holds $52.745b across 519 protocols, and cap accounts for 0.5% of that total. Other leading protocols include Aave V3, Morpho Blue, SparkLend, Maple, Compound V3, Venus Core Pool, Lista Lending, Fluid Lending, Aave V4, and Dolomite.
How much has been borrowed through cap?
cap currently has $55.45m in active loans.