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.




4,420
36
本頁面內容由第三方提供。除非另有說明,OKX 不是所引用文章的作者,也不對此類材料主張任何版權。該內容僅供參考,並不代表 OKX 觀點,不作為任何形式的認可,也不應被視為投資建議或購買或出售數字資產的招攬。在使用生成式人工智能提供摘要或其他信息的情況下,此類人工智能生成的內容可能不準確或不一致。請閱讀鏈接文章,瞭解更多詳情和信息。OKX 不對第三方網站上的內容負責。包含穩定幣、NFTs 等在內的數字資產涉及較高程度的風險,其價值可能會產生較大波動。請根據自身財務狀況,仔細考慮交易或持有數字資產是否適合您。

