/biz/ - Business & Finance

rolling.

>Cap is a decentralized KYC-less trading platform where you can trade synthetics of any crypto (BTC, LINK, RSR) or traditional asset (TSLA, AAPL, AMZN) up to 100x leverage. The contracts can only be changed via governance, which means they can't be shut down by a regulator (think Uniswap-like Bitmex). The client is hosted on IPFS and linked to an ENS domain.
>Every time a trader on the platform loses, excess revenue from the CLP will get used for buyback, which creates constant Cap buying pressure.

There's a high probability that Cap will replace Bitmex as the default margin trading platform in the near future, largely because no KYC means access to everyone who didn't have it before + less friction in starting and operating an account. You just need DAI in your metamask wallet and that's it.

There are ~20 VCs in the TG/twitter keeping a close eye on it: Remi Tetot @ Real Vision, Arjun Balaji @ Paradigm, Tarun Chitra @ Gauntlet Network, Brian Lee @ FTX @ Alameda Research, Galen Law-Kun @ PwC Crypto Team, Austin Barack @ CoinFund, Eric Arsenault @ Metacartel, Igor Doganov @ Blockrock, Marco Wutzer @ SRI, Mike @ Block42, Andrew K @ Mechanism Capital etc.
Why are VCs interested? https://multicoin.capital/2020/09/08/trade-offs-in-the-decentralized-bitmex-space/
>We believe that the largest and most lucrative opportunity in DeFi is to create a protocol that allows anyone in the world to trade any asset.

The founders have 15 years of big tech SW engineering + 8 years of market making experience in tradfinance + crypto.

Why I know it's undervalued and will 10x? Lets compare the valuation to some of the competitors:
>Cap Protocol (CAP) $15M full mcap
SynLev (SYN) $61M full mcap
Linear Protocol (LINA) $98M full mcap
Perpetual Protocol (PERP) $183M full mcap
Injective Protocol (INJ) $330M full mcap
Synthetix (SNX) $1.2B full mcap

Cap is launching in December on its own native oracles. Beta has been tested for a long time now with amazing results.

Don't miss out.

>>24929549
Su Zhu will pay TOP PRICU for that 5 Caps in 2 years

First we get them addicted by offering high leverage and unlimited amount of assets
Then we offer them 1% of the margin they lost as a participation trophy to keep them coming back

The house never loses, Cappas