Bedrock is one of Cap's most active delegators as well as one of its operators. CEO Zhuling Chen explains why covered credit is the yield infrastructure Bitcoin capital has been waiting for.

Cap's institutional restaking partnership with EtherFi, Symbiotic, M11 Credit, and FalconX brings real, non-inflationary yield from dollar-denominated institutional lending to ETH holders — marking a milestone for programmable credit and insured private credit onchain.

Cap allows WisdomTree users to access protected yield via the WTGXX tokenized government money market fund.

Thank you to everyone who participated in the Cap Frontier program! Frontier was the first step in bootstrapping our insured yield product.

Homestead is finally live! As of 1/29 00:00 UTC, users who hold cUSD, YT/LP-cUSD and YT/LP-stcUSD along with lenders to Morpho markets have started earning caps while in parallel our delegators have been accruing COGs.

With Cap’s core infrastructure now battle-tested and producing real fees with institutional partners, we’re entering the next phase of the protocol.