CoinDesk • Apr 07, 25
Cap Raises $11M for Stablecoin Engine as Industry Heats Up
A recent $8 million funding round will be used to develop Cap’s stablecoin engine, which is slated to launch later this year.
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Cap (CAP) is not tradable on Coinbase.
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The current price is $0.22 per CAP with a 24-hour trading volume of $0.00.
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Cap is a protocol to trade the markets with stablecoins.
Networks and tags
Cap (CAP) is a decentralized trading protocol that strives to be both powerful and user-friendly. It enables users to trade crypto and forex perpetuals directly from their Web3 wallets, using ETH or USDC as collateral for their orders. CAP offers three levels of participation based on risk tolerance: trading, pooling, and staking. Trading is for active participants who can handle high leverage and volatility. Pooling is for liquidity providers seeking compensation with some degree of risk. Staking is for those who believe in the long-term prospects of the protocol and seek compensation with low risk. CAP's native token holders receive 35% of fees and can collect rewards directly in ETH or USDC.
Cap operates on a decentralized trading protocol, allowing users to trade directly from their Web3 wallets. Users can go long to benefit from prices rising or short to benefit from prices falling, with leverage up to 100x to multiply potential benefits and losses. Users can also pool funds to earn compensation by providing ETH or USDC liquidity to traders. Pools distribute benefits to traders and receive traders losses plus 40% of fees. Users can also stake CAP, the protocol's native token, to receive 35% of fees. Rewards are based on trading volume and can be collected directly in ETH or USDC.
Cap aims to democratize participation in free markets. It offers a range of potential use cases for different types of users. Active traders can leverage the protocol's high-risk, high-reward trading opportunities. Liquidity providers can pool funds for medium-risk, medium-term rewards. Long-term investors can stake CAP tokens for low-risk, long-term rewards. The protocol's transparency and flexibility allow users to participate based on their own level of risk tolerance, making it a versatile tool in the cryptocurrency space.
Cap was launched with the goal of enabling everyone to partake in the opportunities made possible by free markets. Since its inception, the protocol has been designed to be powerful and easy to use, allowing users to trade crypto and forex perpetuals directly from their Web3 wallets. The protocol has been time-tested with a grand total of $0 hacked or lost since its launch, indicating its security measures. The Cap protocol has been running in production since 2021 and secures billions of dollars in assets.
We update our Cap to USD currency in real-time. Get the live price of Cap on Coinbase.
Date | Price | Change |
---|---|---|
Today (April 23, 2025) | $0.22 | +NaN% |
24 hours ago (April 22, 2025) | $0.22 | +0.00% |
1 week ago (April 16, 2025) | $0.45 | +0.00% |
1 month ago (March 23, 2025) | $0.49 | +0.00% |
1 year ago | $11.12 | +0.00% |
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