Benjamin

@CapApp

[Benjamin @Benjamin918_]

The Knicks are winning, the weather’s great, the city is thriving

[Cap Labs Limited @caplabslimited]

The floor valuation for Cap's CCA token auction has been fully subscribed.

Participants may continue bidding for rCAP tokens by placing their valuation and bidding amount preferences.

The auction will open to the public on June 12th. Register in the next post.

[Benjamin @Benjamin918_]

If DeFi is to become the future of finance, we need to escape the circular economy of crypto yield

Today, we’re giving tokenized gold holders that opportunity, by importing yield from the real economy

At Cap, gold can underwrite USD loans to any industry (manufacturing, fintech, film production, etc) in exchange for a premium

This gives gold holders access to sustainable yield that is not bound by crypto cycles

[cap @CapApp]

Cap is establishing its RWA footprint.

@matrixdock's XAUm has been integrated as a supported collateral asset on Cap, bringing tokenized gold into new on-chain credit use cases.

The integration marks the first time a tokenized real-world asset has been accepted as collateral within Cap's system.

[cap @CapApp]

Yes, you can have "win-win" scenarios.

This is how Cap is addressing the Principal-Agent Problem, by aligning incentives between decision makers and depositors.

[Cap Labs Limited @caplabslimited]

Community Update: $CAP Token Auction and TGE

As the token auction for $CAP approaches, we would like to share the following updates with our community:

1) The token distributed via Uniswap CCA swill be Redeemable CAP (rCAP). rCAP will then be redeemable for $CAP at its Token Generation Event (TGE).

2) The token supply allocated for the auction has been revised to 4%. The remaining 1% will be made available through the secondary token sale venue.

3) A definitive TGE date for $CAP has been established in coordination with centralized exchange partners. The official date will be disclosed upon the conclusion of the second token sale.

Pre-bidding starts June 8th. Register for Uniswap CCA in the next post.

[Benjamin @Benjamin918_]

@whiskoy_eth @caplabslimited @UniswapAuctions @defidave Only 4% is being sold under CCA. Then 1% with our other partner

[Benjamin @Benjamin918_]

@defidave They should also have phone holders for directions

[Benjamin @Benjamin918_]

@defidave @Vault__Summit TradFi Dave

[The Flâneur of Bushwick @defidave]

Had a great time moderating Vault Summit at NYSE this year.

Truly a seminal moment for onchain finance.

The best is yet to come 🏛️

[Benjamin @Benjamin918_]

@charcoded @defidave @CapApp ✍️

[Stable Summit 🦫 @stable_summit]

Payment stablecoins and yield products are different markets.

Sam Kazemian (@samkazemian), Nick van Eck (@Nick_van_Eck), Benjamin Sarquis Peillard (@Benjamin918_), Cyrille Briere (@cyrille_briere), and Petr Hluze (@PetrHluze) on how the stack layers, and where the real opportunities sit:

[cap @CapApp]

Accessing reliable dollar yield has always been a struggle for most of the world.

Cap fixes this, unlocking credit at a global scale by being a novel onchain primitive powered by financial guarantees.

Watch @Benjamin918_ break down how depositors are earning consistent yield and borrowers are accessing capital more efficiently than ever.

[The Flâneur of Bushwick @defidave]

It's been 18 months since I joined Cap and has honestly been a privilege shepherding @Benjamin918_'s vision for the future credit from idea to reality.

Benjamin is truly a first-principles thinker which is why Cap's value prop has been so attractive to institutions and everyday users alike. From someone like myself who has been working in crypto for 9+ years, it's rare to come across something truly innovative like Cap which makes it all the more fun to work on.

I have said this before but Benjamin has truly put together the "DeFi Avengers" and an absolute A+ team between @the_weso @jaeyongp1 @realgigiyip @kexley @Tilty_ & @ClemToune. Our devs have years of experience working on @beefyfinance together and their chemistry is apparent. When we are in person, it's like watching a basketball team who has played with each other for years. You can't speedrun or pay for something like that, only cultivated with time and intention.

Yes, Cap is showing the world what onchain credit is capable of and behind that is a team of killers showing up every day to make the dream a reality.

gCap.

[cap @CapApp]

The State of Cap has never been stronger.

When we launched our platform, our goal was to scale onchain credit capital markets. As we reach the halfway point of the year, that has started to become a reality and it's only accelerating.

Here's where Cap stands today 🧵

[Benjamin @Benjamin918_]

@defidave The first thing people realize when they move to nyc is that all roads lead to DeFi Dave

[Cap Labs Limited @caplabslimited]

As mentioned, Frontier Program participants qualify for the early bid period of the Cap Token Auction.

To prove your participation, you must mint a “Proof of Participation” NFT.

Here's how 👇

1) Go to https://t.co/7XhhLMmYTH
2) Connect your wallet.
3) After you connect, a "Mint Proof of Participation" button will appear. Select it.
4) Select "Mint" and complete the minting process.

That's it! After you complete your KYC and registration with Predicate Identity, the Proof of Participation NFT will give you access to the "Pre-Bid" and "Early Bid" phases of the Token Auction.

[PaperImperium @ImperiumPaper]

Aave proposal to add @CapApp stcUSD to the @megaeth instance as a collateral asset.

I would expect this to add another demand source for borrowing USDM on Aave.

Cap on Cap collateral TBD 🧢

[Cap Labs Limited @caplabslimited]

https://t.co/W96qfMNg0C

[The Flâneur of Bushwick @defidave]

0x9999...9999 👀

[Benjamin @Benjamin918_]

Say it with me: hardware wallet + multisig

It’s impossible to catch all the bugs, but compromised keys is a silly way to go