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 🧵
Great write up. The only for DeFi to grow is from exogenous yield sources and not the same old speculation ouroboros.
That’s how we are thinking at @CapApp as we expand our credit profile to the productive economy.
Watch this space
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 🧵
@defidave and the team at Cap are some of the hardest workers I've ever seen, no surprise that they're putting a cap on basically everything and everyone 🧢
@defidave@Benjamin918_ This is so amazing to see.
It's been a little over a year since I was discussing this at Token Dubai, and I loved the concept so much that I wrote this piece.
Never been so bullish.
https://t.co/hOEtmMfBxj
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.
Loved working with @CapApp 🤝
BTC has always been the best collateral in crypto — we're finally putting it to work. SolvBTC underwriting yield that's uncorrelated, alongside a highly curated group of ecosystem participants: Selini Capital, Amber Group, Flow Traders, Susquehanna Crypto.
What if SolvBTC can underwrite RWA yield too?
Excited to work closer with the team — @realgigiyip@Benjamin918_@defidave
We are still in the early phase of Cap's growth, with just 9 months passing since our launch.
Moving forward, Cap's success will be measured by our ability to connect onchain credit markets to the real economy.
→ For Depositors, we will continue to expand our long-term capital base via integrations with fintech products and collaborations with institutional depositors.
→ For Underwriters, we are incorporating real world assets such as commodities and fiat currencies for underwriting dollar loans.
→ For Borrowers, we are incorporating new credit use cases that reach the real economy, including trade financing, film financing, and more.
The vision is clear and momentum is continuing to build. This is the State of Cap.