Cap Joins EigenLayer Ecosystem
Cap to Integrate EigenLayer’s Redistribution Feature
We are excited to announce Cap is officially joining the EigenLayer ecosystem as the first Autonomous Verifiable Service (AVS) that will integrate redistribution.
What is Cap?
Cap outsources the generation of yield via a set of institutional operators ranging from banks and HFT firms to market makers. The trust marketplace of EigenLayer enables Cap to generate perpetual competitive yield under any market conditions.
How is Slashing and Redistribution used in Cap?
Malicious operators are slashed, where delegations are redistributed back to the stablecoin holders. Slashing conditions are autonomous and verifiable, taking a huge leap from opaque recourse provision that always puts users in danger. With redistribution, Cap becomes the first stablecoin with credible financial guarantees, where users are shielded from the risks of yield generation.
How is Cap different from other AVSs?
AVSs on EigenLayer so far have focused on validation and passive rewards. Operators perform off-chain validation work and reward restakers with identical rewards. Cap takes an innovative approach of rewarding restakers on an operator basis, where counterparty risk is established one-to-one with the operator they are underwriting. This architecture allows operators to take more agency and be rewarded for their productivity, unlocking innovative use cases for EigenLayer and AVSs.
Timelines
With slashing live and redistribution on the way, Cap’s AVS will go live along with EigenLayer’s redistribution feature.
Follow Cap on Twitter: https://x.com/capmoney_
Cap website: https://cap.app/
Documentation: docs.cap.app
More Articles
Public Launch Roadmap
Cap is a stablecoin protocol created by DeFi veterans from Beefy Finance, Frax Finance, and QiDao Protocol. The project is backed by financial giants, such as Franklin Templeton, IMC Trading, SCB, and Flow Traders. Its goal is to scale yield for stablecoins while maintaining credible financial guarantees for users. Cap has made immense strides this year as we prepare to fully launch. Ahead of our deployment, we’re excited to release this public roadmap for the broader community to follow our pr
CAP Integrates Chainlink Price Feeds to Help Power cUSD
We’re excited to announce that Cap—a decentralized stablecoin protocol for covered yield at scale—has integrated Chainlink Price Feeds on Ethereum mainnet. By integrating the Chainlink standard, Cap has access to high-quality, tamper-proof price feeds needed to accurately price ETH and stETH-based restaking delegations that secure operator activity, supporting the minting and solvency of cUSD. This will provide our users with stronger assurances that cUSD minting and delegation mechanisms operat
Type III Stablecoins
Benjamin and Jae from Cap Labs Thanks to Carson, Ekram and Ishaan for their thoughtful feedback on this piece. With more than $200B in circulating supply, stablecoins have undoubtedly become the most significant sector within crypto today. One could even argue that the stablecoin sector has decoupled itself from the volatile crypto market—stablecoins have proved resiliency despite the crypto market's downturn in 2025, with more TradFi institutions actively integrating DeFi into their solutions