Pendle price

I have followed up on a large number of protocols, and I will share more ongoing projects later: CAP is a decentralized stablecoin protocol that has not yet issued a token. The business model of CAP = users deposit USDC → mint stablecoin cUSD → professional institutions execute diversified strategies to earn returns → collateral provided by stakers → everyone shares the profits. The collateral here is to prevent institutions from misbehaving. The system introduces a re-staking collateral mechanism that uses Symbiotic/EigenLayer to delegate ETH to provide collateral for operators, earning up to 4% APR in USDC fees plus PoS rewards. This allows ordinary people to obtain stablecoins while enabling institutions and stakers to earn returns through a secure structured approach. 1. A total of approximately $13.9 million has been raised. Franklin Templeton and Triton Capital are the lead investors. 2. Currently in phase 3, starting on October 13, 2025, with a TVL of $280 million. 3. The core components are: Minting mechanism: Users deposit USDC/USDT 1:1 to mint cUSD, which is fully redeemable. The stcUSD variant allows staking for enhanced returns. 4. The two main highlight assets of the product are cUSD + stcUSD. cUSD: A digital dollar asset backed by blue-chip stablecoins. stcUSD: The yield version of cUSD. cUSD holders continue to enjoy 10x Caps, while others follow the PT YT model, with points up to 20x. Currently, cap @capmoney_ focuses on stabilizing the demand for Pendle and Morpho, integrating more blue-chip DeFi to drive the demand for cUSD, maintaining the market expansion of cUSD and stcUSD, while enhancing user stickiness through extended participation time, wallet integration, and delegation mechanisms.