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Logo of capcap
Total Value Locked$254.49m

TVL by Chain

Ethereum$254.49m

Key Metrics

Fees (Annualized)$7.87m
Fees 30d$333,095

Ethereum$333,095

Fees 7d$94,166

Ethereum$94,166

Fees 24h$11,338

Ethereum$11,338

Cumulative Fees$6.81m

Ethereum$6.81m

Revenue (Annualized)$503,128
Revenue 30d$3,806

Ethereum$3,806

Revenue 7d$554

Ethereum$554

Revenue 24h$268

Ethereum$268

Cumulative Revenue$435,585

Ethereum$435,585

Active Loans$42m

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.

Category:Lending

Audits:

WebsiteGitHubTwitter

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 GitHub

Yields

Pools Tracked1

Average APY3.82%

Competitors

Aave V3 ($12.436b)Morpho Blue ($6.97b)SparkLend ($3.548b)Maple ($2.219b)Compound V3 ($1.115b)Venus Core Pool ($1.015b)Lista Lending ($619.93m)Fluid Lending ($616.4m)Euler V2 ($271.53m)Dolomite ($239.1m)