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File: 164 KB, 512x512, nasty cappa stick.png [View same] [iqdb] [saucenao] [google]
24947680 No.24947680 [Reply] [Original]

>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.

>> No.24947785

Thanks, just bought 1 CAP

>> No.24947840

DEUS finance will wreck this shit

>> No.24947910

>>24947840
>Deus Finance (DEUS) $2.5M full mcap

It's going to shit on all of the above

>> No.24947913

>>24947840
kek
you haven't done your research on Cap, have you?

>> No.24947935

>>24947840
>>24947910
what's the leverage you can use on Deus?

>> No.24948148

I love Injective. It's a master project indeed!

>> No.24948192
File: 233 KB, 512x512, NO CAPPER LEAVE S.png [View same] [iqdb] [saucenao] [google]
24948192

>>24948148
they're not even a competition

>> No.24948827

Anyway, how do CAP differs from LeverJ that use L2 (Gluon Plasma) for their decentralize leverage trading?

>> No.24948836

Code being released today

You would be a retard not to have a bag here

>> No.24948853

>>24948836
Fuggg i better load up, I was planning to buy some more

>> No.24948867

>>24948836
>>24948853
Hope this isn't a sell the news event kek

>> No.24948927

>>24948827
having the platform on L2 is a huge barrier of entry right now, which means there wont be a lot of volume there. Normie crypto crowd has to adapt to L2 before it will be useful. Don't know the specifics of LeverJ though

>>24948836
this
open sourcing means that VCs can do actual due-diligence on the project with their dev team. If they like what they see, we'll probably see spiking price action very soon

>> No.24949023

Deus already sounds shitty, who names their project Deus? I need to take one.

>> No.24949096

The timing for this being the first end to end decentralized derivatives trading experience on the West side of Eth.Unstoppable.

>> No.24949128

Guten morgen my brethers, I was accumulating some extra CAP right before the official CAPmas holiday bro's

>> No.24949161
File: 88 KB, 512x512, comfy capmas.png [View same] [iqdb] [saucenao] [google]
24949161

>>24949128
ABE COMING THROUGH WITH THE FAT CHRISTMAS PRESENTS FOR CAPPAS

>>24949096
+ the fact that you can choose to either 1x leverage your assets for comfy holding or 100x for an instant 100% loss is what really sells it

>> No.24949308

Damn rights, freedom to choose. The peoples can decide for themselves.

>> No.24949498

Better get in before u miss it. Contracts will be opensourced today

>> No.24949581
File: 51 KB, 512x512, cappilled2.png [View same] [iqdb] [saucenao] [google]
24949581

>>24949498

>> No.24949655

>>24949161

Anon, it looks like all CAPPA'S are going to make it. What will we do with our CAP once the marketCAP hits $700m?

>> No.24950120

>>24949655
we'll dump it at $700m mcap right after Su Zhu buys in

>> No.24950193
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24950193

>>24950120
He can suck a big fat one

>> No.24950215

this gonna be bigger than SNX.

>> No.24950404

>>24950215
I truly belive that, but it will take some time. It wont be that difficult to catch up on their volume though.

>> No.24950624
File: 16 KB, 718x314, IMG_20201219_122935_023.jpg [View same] [iqdb] [saucenao] [google]
24950624

$4.5m 24h volume - $800m valuation, doesn't seem completely delusional at all r-r-right?

>> No.24950678

>>24950624
Bitmex 24h trading volume is $2B is SNX is severely underperforming in that department in comparison to its market cap

>> No.24950691

>>24950678
so*

>> No.24951335

CAP only at 15m valuation, I know where I'll place my bet CAPPA'S, DEATH TO SNX

>> No.24951367

amazing buzzards are sleeping on this. Testnet is working beautifully

>> No.24951533
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24951533

I heard Vitalik own some cap, is this true?

>> No.24951619

>>24951533

>> No.24951671

Amazing how all alts have major BULL signals. Have a look at INJ! It's like it's ready to fly af!

>> No.24951759
File: 224 KB, 512x512, disgusted frog.png [View same] [iqdb] [saucenao] [google]
24951759

>>24951671

>> No.24952746

How to use the testnet beta CAPPA?

>> No.24952828

>>24952746
this. I managed to connect my ropsten metamask into cap.eth.link, but what's next? I have no experience in margin trading bro's

>> No.24952840
File: 292 KB, 512x512, WTF WAS THAT (2).png [View same] [iqdb] [saucenao] [google]
24952840

>>24952746
1) http://cap.eth.link/#/
2) set Metamask to Ropsten testnet
3) connect Metamask to UI
4) get Ropsten ETH from here https://faucet.dimensions.network/
5) once you have testnet ETH in your wallet, request testnet DAI from the UI
6) open/close positions using testnet DAI as margin to test out the system

>> No.24952947

>>24952840
Lmao this looks unfinished af. No way that real people are gonna use this.

>> No.24953131

>>24947935
No leverage at all on Deus

>> No.24953149

>>24948827
Leverj is not even decentralized. Us citizens can't use it keks

>> No.24953175
File: 955 KB, 1280x1920, 1607117396297.jpg [View same] [iqdb] [saucenao] [google]
24953175

All cap chads are gonna make it

>> No.24953227

>>24952947
it's testnet version to test contract functionality, brainlet

a nice looking UI will come later

>>24953131
so how will it compete with Cap then?
Deus is no leverage synthetic assets
Cap is 1-100x leverage synthetic assets + crypto (literally anything with a price feed)

>> No.24953378

>>24953175
Mmmmm absolutely built for bbc. Multiple bbc. They’d just ravage her all day until her brain was smoking from dopamine over burn.

>> No.24953623

>>24953175
what's your target?

>> No.24953721

>>24953623
$1500ish

>> No.24953982

>>24953175
H-h-h-hello there darlin

>> No.24954383

>>24953721
nice low target, will probably hit early 2021

>> No.24955131

ATTENTION CAPPAS

OPEN SOURCE
HABBENING
TODAY

NOT LONG FROM NOW

>> No.24955463

>>24955131

YESSSSSSS AHHHH YESSSSS I-I-I-I-I'M ABOUT TO BLOW

>> No.24955540
File: 72 KB, 640x640, IMG_20201219_162054_783.jpg [View same] [iqdb] [saucenao] [google]
24955540

We're all going to fucking make it lads

>> No.24955586

>>24953175
How many CAP to sniff her undies?

>> No.24955792

>>24955586
Fiddy will do. Caplets will regret THIS DAY.

>> No.24955799

>>24955586
1 CAP = 1 sniff