Convert Staked Cap USD STCUSD to Beldex BDX

Cap is a stablecoin protocol that provides credible financial guarantees via two products: the dollar-denominated cUSD and the yield-bearing stcUSD. cUSD is a digital dollar issued on the Ethereum blockchain that can be used on any network. cUSD's reserve is backed by blue chip stablecoins such as USDC, USDT, pyUSD, BUIDL, and BENJI, i.e. issued by regulated institutions with transparent attestations. It is 1:1 redeemable for any of the available reserve assets. stcUSD is a savings product issued by staking cUSD. Any cUSD holder has open access to stcUSD. Yield is generated via an autonomous layer of operators, who self-select in and out based on the current hurdle rate of the protocol. The risk of yield generation is covered, meaning users have full downside protection that is verifiable by code.

Beldex building a decentralized confidential ecosystem in Web3 for secure digital interactions.. The concept of the project was developed in 2018, and launched in the same year. The Beldex project is committed to enhancing user data protection and their confidentiality online. BDX is an ecosystem coin that facilitates confidential transactions. Beldex's mission is to provide a confidential environment where data can be exchanged securely. The project is focused on individual safety and true data confidentiality with systematic research to ensure the confidentiality of individual transactions, and thus the safety of users and the security of their funds. BDX operates on the Beldex decentralized blockchain for performing secure transactions, while the ecosystem supports secure and confidential dApps, among them: BChat, BelNet, Beldex Browser, the Beldex protocol, and the Beldex bridge. Initially, Beldex was developed on a PoW architecture followed by a transition to the PoS consensus model in order to increase the scalability of the BDX token, lower fees and reduce transaction times.