Capricorn

A Multi-Collateral Stablecoin Protocol $CUSD to connect crypto to the real world 📧[email protected]

[Capricorn @capricornfund]

This is contrary to most things in the real world, so there is behavioral economics to cover up the emptiness of their own theory, which is why the x to earn model can only stay in the MLM model forever.

[Capricorn @capricornfund]

The rational assumption of economics is that 100% of people will choose the choice that is beneficial to them or maximizes their interests.

[Capricorn @capricornfund]

The best explanation EVER!!!

[Zhu Su @zhusu]

I gave up fudding, but didnt use them. In mid 2021 after the China ban (we were largest trader on Huobi and Okex derivs) we moved trading to FTX+Binance. FTX courted us w v generous terms, and after I saw big VC backed rds, I assumed someone there did DD and they mustve grown up

[₿en Caselin HODL @BenCaselin]

Dear all, it’s true I have resigned from AAX. I did fight for the community but none of the initiatives we came up with were accepted. Any role I had left for communication became hollow.

1/4

[Capricorn @capricornfund]

SOHO is an important investor in Capricorn to provide support for Capricorn in compliance license, market value liquidity management, and stable currency trading scenarios.

[Capricorn @capricornfund]

Our seed round backer, @Soho_Markets , is an international online CFD broker headquartered in Cyprus, authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC).

[Capricorn @capricornfund]

SOHO has obtained judicial supervision in many regions of the world and has registration and operation teams around the world.

[Capricorn @capricornfund]

Crypto is high risk.
So it is always a wise decision to choose a team that is constantly building and expanding its crypto footprints.

[CZ 🔶 BNB @cz_binance]

Crypto is high risk.

[Capricorn @capricornfund]

And we call this proportion " Mortgage Rate". No matter in the expansion and contraction stage of CUSD, it plays an active role in the 1:1 soft anchoring of CUSD.

[Capricorn @capricornfund]

The Capricorn protocol innovatively introduces the concept of "a basket of on-chain assets", that is, a certain proportion of the stablecoin category, such as USDC, USDT, BUSD and etc., as the collateral for CUSD.

[Capricorn @capricornfund]

As CUSD is always softly anchored to 1 USD, it has become a scarcity trend in the early stage of the ecology, and there is obvious arbitrage space. At the same time, it also drives the market to mint more CUSD and expand its circulation so as to stabilise the price of CUSD.

[Capricorn @capricornfund]

CUSD is based on the stability of the arbitrage mechanism, and its structure is "CUSD=CPT+ (collateral x mortgage rate)".

[Capricorn @capricornfund]

The Capricorn protocol will correspondingly retrieve the collateral (USDC) and CPT with a total value of 1 USD from the Asset Reserve Bank according to the different market conditions of CUSD, and mint CUSD to keep fluctuating around 1 USD.

[Capricorn @capricornfund]

The stability of CUSD consists of arbitrage mechanism, mortgage rate change mechanism, asset reserve bank and diversified collaterals. Combined with Capricorn's various commercial application scenarios, CUSD's credibility and stability are more solid.

[Capricorn @capricornfund]

Capricorn is an encrypted stablecoin financial services platform. Based on years of experience in banking, trade and blockchain development, the team proposed the concept of "Pledgedcoin".

[Capricorn @capricornfund]

The internal collateral, such as USDC, USDT, and the algorithmic regulation token (CPT) jointly assist, so that the CUSD soft anchor fluctuates around the $1 financial index.

[Capricorn @capricornfund]

In this lending model, fixed and floating rates are combined, determined by the volatility of the collateral assets.

[Capricorn @capricornfund]

Capricorn builds a CUSD lending pool based on contracts. Users can authorize their CUSD held in the Asset Reserve Bank, or invest CUSD as the asset of the lending pool and become a borrower.

[Capricorn @capricornfund]

The specific mortgage rate is adjusted according to different assets, and there is a liquidation mechanism. If the price of the collateral obtained from the external oracle falls below the liquidation line, the system will use the liquidated collateral to repay the debt.