Cap Protocol General #16

[Anonymous No.26157160]

>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 Treasury gets 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.

Lets compare the valuation to some of the competitors:
>Cap Protocol (CAP) $10M full mcap
Perpetual Protocol (PERP) $650M full mcap
Injective Protocol (INJ) $600M full mcap
Synthetix (SNX) $3B full mcap

Mainnet will launch today. Beta has been tested for a long time now with amazing results.

https://www.dextools.io/app/uniswap/pair-explorer/0xc169f0eb31403c0bcc43dc9feca648a79fafc0f4

Don't miss out.

[Anonymous No.26157343]

This is goin to Pluto isn't it?

[Anonymous No.26157728]

So the users who have the tokens have the spoils of the liquidated transactions?

[Anonymous No.26157781]

Is this going to pull pic related, anon?

[Anonymous No.26157786]

<24 hours now, LFG!!

[Anonymous No.26157811]

1000 EOW
Cap this.

[Anonymous No.26157828]

>>26157160
MOST UNDERRATED PROJECT IN DEFI RIGHT NOW

$10M VALUATION FOR SOMETHING THAT WILL BE WORTH $1B MINIMUM SOME DAY

[Anonymous No.26157881]

>>26157728
anyone can become a liquidator and gets 10% of the margin lost by traders

doesn't even have to hold tokens for that

[Anonymous No.26157899]

>>26157781
it wont rug i promise

[Anonymous No.26158011]

Isnt this whole point of the CAP token making money based on people losing from trades? Feels like it would do terrible in a bull market

[Anonymous No.26158063]

[Anonymous No.26158116]

>>26158011
no, because traders are dumb af and will be shorting things that they think are topped out

also if traders win, cap holders lose nothing
traders just wont be able to cash out if there's no enough DAI in the treasury wallet

[Anonymous No.26158125]

>>26158063
lel

[Anonymous No.26158159]

>>26158063
ngmi with such paranoia anon, CAP is going to mars with or without you

[Anonymous No.26158186]

>>26158116
bullish

[Anonymous No.26158514]

Well I’ll be damned. Is this a decentralised bitmex? I can now get liquidated in a decentralised manner. KEK

[Anonymous No.26158643]

>>26158116
So traders are going to be blocked from withdrawing funds if they 'win' too much....thats fucking stupid

[Anonymous No.26158664]

most under radar / under valued project in the DEFI space for sure. this thing is going first to 100M$ marketcap with or without you anon. then 1B$.

[Anonymous No.26158727]

>>26158186
How is this bullish. Whenever someone says holders of a token can 'lose nothing,' it screams scam

[Anonymous No.26158747]

>>26158643
no, that wont happen. treasury will grow quickly.

[Anonymous No.26158779]

>>26158747
So 'if' the treasury grows and 'if' a whale doesnt come in and make a winning trade, this project will be successful?

[Anonymous No.26158836]

lol just read the telegram...closed source oracle? Have fun getting exploited

[Anonymous No.26158931]

>>26158836
have fun missing free profit, Ranesh

[Anonymous No.26158937]

>>26158836
>lol just read the telegram...closed source oracle? Have fun getting exploited
Fucking this. I do not think this project is in any way a scam and it does indeed appear to have the type of clout following it OP suggests.
BUT NOT USING CHAINLINK WHEN YOU ARE MARGIN TRADING SYNTHS = FUCKED

[Anonymous No.26158977]

>>26158931
your "10x" on $243 won't make your life any better

[Anonymous No.26159017]

>>26158937
what clout? he just listed names...two of them have made reference to cap, thats about it

[Anonymous No.26159139]

>>26158937
the oracles are smiliar to chainlink, except they are natively designed, so more efficient and adapted to caps trading contracts. all the redundancy and data sanity tools chainlink uses (and more) are part of it

[Anonymous No.26159141]

>>26159017
all of them are either following Cap's twitter or are in the TG, Ranesh

[Anonymous No.26159178]

this dogshit project gets shilled every other week. the plebs that promote can never actually answer real questions about the sustainability of it, they just yell moon and compare it to projects like synthetix which actually work and make you real money

[Anonymous No.26159214]

>>26159141
>Cap's
that article lists a dozen coins that are doing the same thing as cap. no mention of cap anywhere

[Anonymous No.26159272]

i guess it makes sense for these idiots to hope that itll do something...this did nothing during the last month while every other defi did 2x+. but again when youre a chad hundredaire the best you can hope for is 'the next synthetix'

[Anonymous No.26159298]

>>26159178
either come in tg and check github and search by yourself or go fuck yourself pajeet

[Anonymous No.26159341]

>>26159298
already in the tg...looks like a bunch of retards complaining about commas

[Anonymous No.26159358]

>>26158779
1. why should the treasury not grow? most traders lose more than they win. in fact 80% of margin traders are unprofitable
one of many sources:
www.leaprate.com/forex/regulations/asic-review-binary-options-traders-lose-money-cfd-fx/

2. there is a daily withdrawal limit at first, so it isnt possible that a whale comes in, makes big profit and drains the whole treasury immediately. this limit will increase, after treasury funds grow

>>26159178
see above. and fuck yourself you smelly pajeet

[Anonymous No.26159400]

>>26159341
yea looks like you are just as retarded as they are

[Anonymous No.26159444]

>>26159139
And who is onboarding TradFi and other data providers to this in-house oracle network?

[Anonymous No.26159461]

>>26159214
he was talking about the list of VCs in the OP

[Anonymous No.26159545]

Where is the proof that FTX is backing CAP? I've been searching around everywhere but cannot find any evidence of the backers listed in OP.

[Anonymous No.26159612]

>>26159017
>what clout? he just listed names...two of them have made reference to cap, thats about it
>inb4 Ranesh
I am not buying this because of the oracle issue. But if you look at who has been following them on Twitter, it's a pretty impressive list. If you've paid attention to past successful DeFi launches, you see a lot of the same crowd silently or not silently following the project pre-launch. This is undeniable. What is deniable is that it has any chance of not suffering a crippling oracle attack if it persists in using its own "in-house" oracles.

[Anonymous No.26159634]

>>26159545
nobody said they were backing cap, learn to read plz

[Anonymous No.26159652]

So mainnet will launch tomorrow and this shitcoin still hasn't pumped?

[Anonymous No.26159662]

>>26159545
nobody said it's backed by them
it was said that these VCs either follow Cap on twitter or are in the Telegram group

[Anonymous No.26159838]

>>26159662
oh wow...i stand corrected...half those vcs are also following yams...maybe ill invest my rupees in that one!

[Anonymous No.26159876]

No comment

[Anonymous No.26159885]

>>26159838
i gotta go shower our family watering hole -
my brother sahir just filled it up...have fun with this pile of dogshit

[Anonymous No.26159923]

>>26159838

[Anonymous No.26160058]

>>26157828
Is this the website: https://cap.finance?

[Anonymous No.26160112]

>>26160058
no, that's oudated

beta testing on Ropsten here
https://cap.eth.link/

[Anonymous No.26160210]

>>26159838
Actually, on YAMs, they are resurrected
https://twitter.com/Privatechad_/status/1350798511370080256

[Anonymous No.26160250]

>>26157160
What other benefits do you get from holding cap?

[Anonymous No.26160275]

>>26160058
also
contracts open sourced here

https://github.com/capfina

[Anonymous No.26160341]

>>26160250
what other benefits do you need other than having the ability to participate in one of the most important DeFi projects governance + getting your bad pumped from buybacks if the governance votes on them

it's a $1B potential project that's only valued at $13M right now

[Anonymous No.26160569]

I increased my bag today anons

[Anonymous No.26160684]

>>26160569

[Anonymous No.26161065]

>>26159885
>13 posts by this ID
are you okay, ranjesh?

[Anonymous No.26161139]

>>26161065
i had a fantastic bath. thank you for your concern. has this mooned yet?

[Anonymous No.26161245]

>>26161139
It won't moon until you have sold anon

[Anonymous No.26161276]

>>26161139
MAIN NET DEPLOYMENT IN 4 HOURS 30 MINUTES, RANESH

THERE IS STILL TIME

[Anonymous No.26161287]

>>26157828
where can u purchase this

[Anonymous No.26161326]

>26161245

lol...no one has listed a single good reason to buy this trash other than people following a twitter account

[Anonymous No.26161358]

>>26161276
poorfags banking on a homeless pajeet like me to pump their bags. what failures...

[Anonymous No.26161477]

>>26161287
https://info.uniswap.org/token/0x43044f861ec040db59a7e324c40507addb673142

>>26161358
I don't care about him pumping my bag
it's about him making it

[Anonymous No.26161792]

>>26161276
I'M ABOUT TO BLOW OOOOOO

[Anonymous No.26161916]

>>26161326
There's been BILLIONS of dollars of liquidations in crypto margin trading yearly. Why wouldn't you want to own part of a protocol that does this AND you get part ownership over the liquidated funds by way of a treasury. Governance can vote to use it for dividends, buybacks and burns, buybacks and make, etc

[Anonymous No.26162234]

>>26161916
right, but therse also been BILLIONS of dollars made via longing during bullruns...

in all seriousness, I just read the whitepaper (i know its outdated, but devs clearly know their shit) and the idea sounds awesome. just worried about the oracle, the 54% owner, and being on the wrong sides of trades and how that will play out

[Anonymous No.26162382]

>>26162234
traders statistically lose more than they win. And there's a drawdown to the treasury where, in the case of excess winnings, you'll have to wait to withdraw your position if there's no funds in it. It's not like the treasury can go below 0

[Anonymous No.26162451]

>>26162234
54% hasn't touched a dime from any of the wallets, even when we went to $200/CAP. The oracle is still a slight unknown but being based on Chainlink's model makes me feel good about it

[Anonymous No.26162621]

>>26162234
based and Raneshpilled
your eyes will eventually be opened

just keep doing your research
there's not much updated information out there besides the github though

[Anonymous No.26162698]

>>26162234
how would you be on the wrong side of the trade though?

as a Cap holder you are not the counter-party fo traders
they are trading against the treasury funds, which are collected from trader losses
it will become self-sustainable very fast as people keep taking losses

hint: the oracle favours bad entries and the spread has a big role there as well

[Anonymous No.26162714]

>>26162234
>but therse also been BILLIONS of dollars made via longing during bullruns...
you are correct, but on average theres more money lost than won. otherwise exchanges like bitmex would be out of business already

>just worried about the oracle, the 54% owner,
valid points of concern anon. i trust the devs in that case though.

[Anonymous No.26162833]

ALL aboard the CAPtrain faggots CHOOO CHOOOOOO

[Anonymous No.26162894]

>>26162698
this

[Anonymous No.26163153]

How does stack up against SNX? Are they in competition. I really like the sound of this, but it is an high entry, high reward type of thing it seems.

[Anonymous No.26163288]

>>26163153
what do you mean by high entry?

CAP is valued at $15M (fully diluted)
SNX is valued at $3.2B (fully diluted)

the difference is 213x

all this while SNX doesn't have real trader volume and has uninteresting trading pairs
Cap is opening up with 9 assets to trade up to 20x leverage at first
if the soft launch goes smoothly, thousands of assets will be added up to 100x leverage and that can all be done very quickly

[Anonymous No.26163384]

>>26163288
also a necessary mention:

the founders are anon and undoxable, which means they aren't in regulatorily danger
they pushed "community governed" meme, hard making it decentralized and having the holders launch the whole protocol main net, not taking any responsibility themselves

[Anonymous No.26163456]

>>26163288
I just mean the price. I could get a lot more SNX for the price or get a few cap. It would really need to hit those estimates of a grand to end up in the profit. I do like the max supply for sure though and capabilites. Supposedly I hear the code is great definitely considering it.

[Anonymous No.26163543]

>>26163456
are you serious or trolling? the price per token is completely irrelavent, you should be calculating what % of market share you get for your $, not $/token

[Anonymous No.26163586]

>>26163543
that's because Cap has 100 000 tokens
SNX has 215 258 834 tokens

so comparing the price makes absolutely no sense

[Anonymous No.26163768]

>>26163456
you arent serious, right?
you have to look at the marketcap. CAP is WAY cheaper than snx right now

[Anonymous No.26163866]

>>26163543
I'm serious. I feel like if u can only buy a little cap, after the 100 is released weekly, you will get a very small portion of the pool.

[Anonymous No.26163908]

>>26163456
example:

you have $1000
CAP's price $127, you get 7.87 CAP
SNX's price $15.7, you get 63.59 CAP

lets say you want to cash out $9k profit
Cap's price would have to be $1270, which is just $127M valuation and easily achievable since all the other competitors are way above that
SNX's price would have to $635.9, which is $32B valuation and is highly unlikely since - it's 3x higher than Tether's market cap

[Anonymous No.26163969]

>>26163866
100 wont be released, the tokenomics have changed

100k is the minted supply currently and 120k is the absolute max that can be minted

[Anonymous No.26164078]

>>26163908
wait I fucked something up there about SNX

whatever, you probably get the point

[Anonymous No.26164256]

I just feel like it will get hacked. Sorry. Aounds cool besides that.

[Anonymous No.26164390]

>>26163908
Thanks for the breakdown anon, we're all going to MAKE IT

[Anonymous No.26164430]

>>26164078
I guess what I'm getting at is the price token is high without even considering SNX. Even with the 100k vs 120k tokens, you would make money off the price of either the token or staking. 100 cap get minuted every week, 20 distributed among stakers. If there are whales, how the heck does a small fish make anything in the pool? The profit would mostly have to come from the token price if I'm not mistaken. That's why I'm trying to weigh buying more of something already stable vs buying something relatively unknown that had the potential to soar.

[Anonymous No.26164603]

>>26164430
100 cap wont get minted and distributed, this is outdated

and yes, you should expect most of your profit to come from new speculators buying Cap

[Anonymous No.26164767]

>>26164603
So then why was everyone asking if I was crazy lol. Perhaps I didn't convey my initial question clearly enough. One should always consider whether or not their entry point is enough to yield what they consider worthwhile gains be it short term or long term. Thanks for the info on the updated tokenomics. I do think it's potential is huge. Been following it for a while. Never really saw people actually discuss the tokenomics from the website so I wanted to ask.

[Anonymous No.26164829]

Ok. I don't understand liquidity nor longing or shorting I don't know what defi is, I don't know what a mainnet does all I'm asking is I bought 14 cap coins, will they be worth more than I paid for them in a years time?

[Anonymous No.26165013]

>>26164829
how do 140k$ sound

[Anonymous No.26165163]

Also, where are the updated tokenomics? I'm really confused about the supply. It originally said 9.9 miliion were yet to be minted.

[Anonymous No.26165675]

>>26165163
CAP Token Burn
First we’d like to announce that we will be minting and burning 9.9 million CAP tokens. This will reduce the total CAP supply to 100K which will be the final number.

No CAP tokens will be allocated to the team. We believe the team is a weak link in a system whose goal is to live forever — more on that below.

After the burn, no CAP will ever be minted again, and the only way to own CAP would be to buy it from someone else, for example on the CAP/ETH Uniswap pool.


https://blog.cap.finance/2020/10/04/path-forward.html

[Anonymous No.26165790]

>>26165675
Awesome. I was looking for a header similar to the one in the original tokenomics article as I skimmed the others. Thank you.