Cap CAP

1. Summary

Ranks

Liquidity

27

Developer

-

Social

58

Momentum (beta)

0

Stack Rank™

-

Price

$1.55 -0.5%

Market Cap

$154,817.00 (#5703)

Supply

100,000.00 / 100,000.00

Tags

Decentralized Exchange Token (DEX) DeFi Derivatives Perpetuals Arbitrum Ecosystem Ethereum Ecosystem Decentralized Exchange (DEX)

More Metrics

Price
52W High price	$137.79
52W High date	8th Dec 2023 (11 months ago)
All Time High (ATH) Date	26th Nov 2021 (2 years ago)
ATH Price	$844.64
% From ATH	-99.74%
All Time Low (ATL) Date	26th Jan 2022 (2 years ago)
% From ATL	3.0049735806662E+37%

Supply & Trading Volume
Trading Volume (24h)	$2.00
Total Supply	100,000.00
Max Supply	120,000.00
Circulating Supply	100,000.00

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Description

About Cap

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About Cap

Cap is a protocol designed to facilitate stablecoin-based trading across various markets. It aims to provide users with a stable means of exchange and value storage while leveraging the benefits of blockchain technology.

Stablecoins, the primary asset utilized within Cap, are cryptocurrencies pegged to the value of a fiat currency, such as the US dollar, to minimize volatility. This allows them to maintain their value relative to real-world assets, ensuring a stable store of value and means of payment within the digital realm.

Cap enables users to engage in stablecoin transactions securely and efficiently, offering a robust platform for market participants. By utilizing stablecoins, users can avoid the high volatility associated with other cryptocurrencies, making Cap an attractive solution for traders seeking stability.

Mechanisms

Cap's stabilization mechanisms are designed to maintain the pegging of its stablecoins to the value of the reference asset, ensuring consistent performance even in times of market stress. The protocol employs a combination of on-chain and off-chain collateralization methods to achieve this stability. On-chain collateralization involves the use of smart contracts and continuous collateral valuation to guarantee that all stablecoins in circulation remain properly collateralized. Off-chain collateralization, on the other hand, relies on external asset holdings and redemption options to maintain the stablecoin’s value.

Cap's Role

As a stablecoin protocol, Cap seamlessly integrates stablecoins into the broader decentralized finance (DeFi) ecosystem. This integration enables the use of stablecoins for a wide range of financial activities, such as facilitating trades on crypto exchanges, providing collateral for loans, and serving as a reliable means of payment for goods and services.

The protocol's focus on stability and its ability to adapt to varying market conditions make it an attractive option for market participants seeking a dependable and efficient platform for their transactions.

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