Cap.finance [CAP]
OK so perps are only postponed. I misunderstood I guess. Thanks for the clarification, user.
Owning $CAP is like owning equity on Bitmex, but you know no-one will sue or stop it!
Thanks Abe
can't wait to see 5000 synthetic stocks on cap
plebs will keep trading in losses and making cap skyrocket as a result
Launching these Synthetics with IPFS, and an unstoppable domain, will be an amazing feat for the future of Defi, and should shake traditional finance at it's core.
we're at the very beginning or something very huge
Cap could become 'the' protocol leading the revolution in global financial reformation...crazy!
What's the use case?
for CAP?
or the protocol?
here's a copy-pasta that explains Cap a little bit
*Cap.finance is a decentralized platform for crypto perpetuals (long/short using up to 100x margin), stock synthetics (5000+) and forex synthetics (200+) as a main product. It will also build their own native oracles, have lending/borrowing, staking, asset management, prediction markets, identity, insurance etc.
(blog.cap.finance/2020/09/02/the-roadmap.html)
*The native token CAP generates yield from negative performance (excess funds from CAP Liquidity Pool) of platform users in form of buyback and burn, which will continue to drive up the trading price of CAP. It's also used as a governance token.
Okay, now how valuable could a decentralized perpetual and synthetics platform be? Multicoin Capital thinks it's the most important application in Defi -
>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. We have been referring to this idea as “Decentralized BitMEX” internally for over a year. The idea of a decentralized exchange protocol that enables synthetic assets is compelling for several reasons.
(multicoin.capital/2020/09/08/trade-offs-in-the-decentralized-bitmex-space/)
CAP's fully diluted market cap is at $7.3M ($61 x 120k CAP).
Lets compare it to the competitors:
SNX is $868M (118x difference)
LINA $134M (18x difference)
BZRX $172M (23x difference)
PERP $163M (22x difference)
Hegic $319M (43x difference)
The platform will launch this month, which means now might be the perfect time to enter before the word starts getting out.
Beta testing for perpetuals is already done: youtube.com
Synthetics (AAPL/DAI) are now being tested on Ropsten testnet: synthetics.cap.finance/#/