Cap founder Benjamin admits its promised 11M Stabledrop was unsustainable after a lower-than-expected ICO, apologizing and outlining a revised no-loss allocation plan

Cap’s post-sale disclosure exposes the funding mismatch: 400M CAP sold at $0.0106 produced about $4.24M, despite $16.4M in gross commitments. Funding the Stabledrop with one-off token-sale proceeds made it a transfer from CAP buyers to Pendle YT farmers, and the revised pool now lands almost exactly on that $4.24M cash intake.

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