As MegaETH moves toward mainnet, one standout project to pay attention to is @capmoney_.
Also, after Stream’s collapse and the curator drama, it's emerging as a juicy opportunity given its point program and yield opportunity.
1.) A stablecoin protocol with two assets:
> cUSD: Fully backed digital dollar
> stcUSD: Yield-bearing version
cUSD is redeemable 1:1 with blue-chip stablecoins, while stcUSD earns yield through autonomous operators with full downside protection.
Video explanation:
2.) How does it work?
Cap runs with three key actors:
> Users: Deposit assets to mint cUSD
> Operators: Borrow cUSD to execute yield strategies
> Delegators: Provide collateral to guarantee operator performance & secure system via shared security networks
3.) So where does the yield come from?
> Idle rewards from DeFi protocols like Aave or Morpho
> Operator profits exceeding the hurdle rate
> Slashing redistributions from defaulted operators’ restakers
4.) How can we farm it?
With Cap’s Frontier Program, which rewards users with “Caps” for loyalty and engagement.
Now in Season 3, it expands community growth and strengthens long-term participation across the Cap ecosystem.
5.) What's the state of things?
CAP, backed by @0xMegaMafia and a key benchmark for the MegaETH ICO, smartly leveraged Pendle, the hub of the stablecoin meta.
Since launching its pool on August 18, CAP’s TVL surged from $7.78M to $357M, marking ~4488% growth in under a quarter, with Pendle now holding ~55% of CAP’s TVL.
6.) What's the juicy opportunity?
CAP got affected by the i collapse and related stablecoin panic.
Even though their reserves are fully transparent, TVL hasn’t fully recovered, which is why yields are higher right now.
On Pendle, stcUSD is showing 14.76% IY vs 16.31% UY, a 1.55% gap plus 5x CAP Points.




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