Cap (CAP) - Onchain Credit Backed by Financial Guarantees

Most Onchain Yield Quietly Puts Your Principal at Risk#

Chasing yield in crypto usually means handing your money to someone who decides where it goes but never feels the pain when it goes wrong. Allocators grow their assets under management while depositors absorb the losses, collateral is tracked through self-reporting, and you only learn something broke after it already has. This misalignment between the people allocating capital and the people providing it is the oldest unsolved problem in finance, and most of DeFi simply inherited it instead of fixing it.

What If Every Loan Was Backed by Collateral You Could Verify#

Cap flips the model. Every loan on the platform is backed by a binding onchain financial guarantee, with an underwriter putting their own escrowed collateral behind each borrower. If a borrower defaults, that collateral is liquidated automatically to make depositors whole. Instead of trusting a committee’s good faith, you can verify your protection in real time, directly onchain. The result is institutional-grade credit yield with your principal protected by rules that code enforces, not promises a team makes.

What is Cap coin?#

What does Cap do?#

🛡️ Financial Guarantees: Every loan is backed by a binding onchain arrangement where an underwriter guarantees repayment to the lender, making honest underwriting the dominant strategy because the underwriter’s own capital is the first thing on the line.

🔒 Verifiable Collateral: Collateral is escrowed onchain and enforceable by smart contract, so any lender can confirm their protection at any moment rather than waiting to discover a problem after losses appear.

🤝 A Three-Sided Marketplace: Lenders deposit dollar assets and earn yield, borrowers draw on-demand credit to run yield strategies, and underwriters escrow collateral to back specific borrowers, with each role’s incentives aligned by design.

💵 Secured Dollar Yield: Depositors mint cUSD and can stake it as stcUSD to earn a secured yield, accessing institutional credit returns at any size while their principal stays protected by underwriter collateral.

⚙️ Code Over Committees: As a self-enforcing credit platform, Cap replaces discretionary human allocation with rules enforced autonomously by smart contracts, so capital can reallocate without governance delay and recourse is verifiable in code.

🌐 Real-World Credit: Cap turns otherwise idle assets like BTC, ETH, and tokenized real-world assets into productive underwriting capital, channeling yield from the real economy back to depositors instead of recycling the same speculative crypto returns.

Who are behind Cap?#

Benjamin Sarquis Peillard - Founder and CEO

• Founded Cap in 2024 after spending more than three years building in the stablecoin space, focused on the intersection of digital assets and traditional financial systems.
• Previously worked at Citi as a Corporate and Investment Banking analyst within the Global Power and Utilities group, giving him a foundation in institutional finance.
• Served as Finance Lead at Hashing Systems, contributing to blockchain infrastructure projects across wrapped digital assets, developer tooling, and wallets in the Hedera ecosystem.
• A repeat DeFi builder who previously grew the protocol QiDao from zero to roughly $400M in total value locked, demonstrating a track record of scaling onchain credit products.

Dave (defidave) - Head of Growth

• Leads growth at Cap and is a frequent voice on the institutional side of onchain credit, appearing on outlets like Schwab Network and on panels at the New York Stock Exchange.
• Helps bridge traditional finance and DeFi, championing Cap’s model of secured yield backed by escrowed collateral and risk coverage enforced by smart contracts.

Why This Team Inspires Confidence#

Institutional Backing: Cap’s seed round was led by asset management giant Franklin Templeton, with participation from heavyweight trading and investment firms including Susquehanna, Triton Capital, Nomura’s Laser Digital, and GSR, signaling deep conviction from serious financial players.

Battle-Tested Partners: Names like FalconX, Solv Protocol, EtherFi, Bedrock, StakeStone, and M11 Credit actively rely on Cap as borrowers or underwriters, putting real institutional capital through the platform rather than treating it as an experiment.

A Proven Founder: Benjamin pairs a Citi institutional banking background with a hands-on DeFi track record, having previously scaled a credit protocol to hundreds of millions in value, which is exactly the blend of TradFi rigor and crypto-native execution this category demands.

Real-World Yield Sources: Through integrations with tokenized treasuries and tokenized gold, Cap imports yield from the productive economy, moving beyond the circular speculation that has limited so much of DeFi and giving its credit markets a more durable foundation.

What to Know Before You Buy Cap#

1. Principal Protection by Design

With Cap, your deposit is protected by an underwriter’s escrowed collateral that gets liquidated first if anything goes wrong, so depositors sit behind a first-loss buffer rather than absorbing the initial hit themselves.

2. Yield From the Real Economy

Cap connects depositors to institutional credit demand and real-world assets, meaning the yield is sourced from genuine borrowing activity rather than temporary token emissions, giving it a more sustainable profile.

3. Trusted by Major Institutions

A growing roster of respected names across crypto and traditional finance already route capital through Cap, and that kind of institutional adoption is one of the strongest signals of credibility a young protocol can earn.

4. Full Onchain Transparency

Because guarantees and collateral live onchain and are enforced by smart contracts, you can verify the protection behind your position in real time instead of relying on quarterly statements or self-reported numbers.

5. Backed by Franklin Templeton

Having one of the world’s largest asset managers lead its funding gives Cap a level of validation and long-term alignment that very few onchain credit projects can claim.

How to buy Cap?#

Cap is listed on Binance Alpha, which means you can purchase CAP directly on Binance without moving your funds anywhere else. Binance is the largest cryptocurrency exchange in the world, and its Alpha section is a dedicated space that surfaces promising early-stage tokens to users, so buying here is the simplest and most familiar route for most people.

Buy Cap on Binance

If you prefer to buy onchain, Cap is available on GMGN across both of its networks. Because CAP is a multi-chain token, you can choose whichever chain suits you. For the Ethereum version, move your ETH from a central exchange like Binance into your GMGN Ethereum wallet and swap it for Cap. For the BSC version, move your BNB into your GMGN BSC wallet and swap it for Cap.

Buy Cap on GMGN (Ethereum)

Buy Cap on GMGN (BSC)

GMGN is a fast, onchain trading platform that lets you swap into new tokens quickly with a clean interface and real-time price data, making it a convenient option for buying Cap directly on its native chains.