Key Metrics
Fees (Annualized)$7.56m
Fees 30d$349,601
Ethereum$349,601
Fees 7d$83,296
Ethereum$83,296
Fees 24h$10,583
Ethereum$10,583
Cumulative Fees$7.16m
Ethereum$7.16m
Revenue (Annualized)$475,358.98
Revenue 30d$13,994.91
Ethereum$13,994.91
Revenue 7d$132.2
Ethereum$132.2
Revenue 24h$9.47
Ethereum$9.47
Cumulative Revenue$449,321.38
Ethereum$449,321.38
Holders Revenue (30d Run Rate)$0
Holders Revenue 30d$0
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)$475,358.98
$13,994.91
$132.2
$9.47
$449,321.38
Market Cap$55.3m
$CAP Price$0.035
$354.52m
$208.84m
$CAP Volume 24h$47.48m
CEX Volume$33.37m
DEX Volume$20.8m(43.81% of total)
Active Loans$44.85m
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:
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 APY3.97%
Competitors
Frequently Asked Questions
What is cap?
Cap is a stablecoin protocol that provides credible financial guarantees via two products: the dollar-denominated cUSD and the yield-bearing stcUSD.
What is cap's TVL?
cap currently has $291.41m in total value locked. TVL has increased 11.3% over the past 30 days.
How much has cap generated in fees and revenue?
Over the past 30 days, cap generated $349,601 in fees. Of that, $13,994.91 was protocol revenue. Based on the trailing year, the annualized rate is $7.56m in fees and $475,358.98 in revenue.
What is the CAP token price and valuation?
CAP is currently trading at $0.035. Its circulating market capitalization is $55.3m, ranking it #529. Its fully diluted valuation is $354.52m. Supply currently stands at 1.56b circulating, 10b total supply, 10b maximum supply.
How has CAP performed recently?
CAP is down 10.5% over the past 7 days and up 76.6% over the past 30 days. Its all-time high is $0.043, reached on Jun 26, 2026. The token is currently 17% below that level.
How does cap's TVL compare to similar protocols?
Among Lending protocols tracked by DefiLlama, cap ranks #14 by TVL. The category holds $41.905b across 467 protocols, and cap accounts for 0.7% of that total. Other leading protocols include Aave, Morpho, and Spark.
How much has been borrowed through cap?
cap currently has $44.85m in active loans.

