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Logo of capcap
Total Value Locked$264.35m

TVL by Chain

Ethereum$264.35m

Key Metrics

Fees (Annualized)$7.74m
Fees 30d$362,425

Ethereum$362,425

Fees 7d$89,125

Ethereum$89,125

Fees 24h$13,736

Ethereum$13,736

Cumulative Fees$6.96m

Ethereum$6.96m

Revenue (Annualized)$499,673
Revenue 30d$16,287

Ethereum$16,287

Revenue 7d$10,119

Ethereum$10,119

Revenue 24h$10

Ethereum$10

Cumulative Revenue$449,021

Ethereum$449,021

Active Loans$38.42m

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 Supply APY4.11%

Competitors

Aave V3 ($13.71b)Morpho Blue ($7.486b)SparkLend ($3.635b)Maple ($2.258b)Compound V3 ($1.164b)Venus Core Pool ($1.044b)Fluid Lending ($657.49m)Lista Lending ($611.85m)Euler V2 ($308.94m)Dolomite ($243.33m)