Leviathan Atlas is now charting Cap App.

USD yield, private credit, and financial guarantees.

The guide covers Cap's dual-token design: cUSD, a reserve-backed stablecoin minted from approved assets like USDC, USDT, pyUSD, BUIDL, and BENJI, and stcUSD, the yield-bearing staked version. Borrowers must be whitelisted and backed by delegated, slashable underwriter collateral via Symbiotic or EigenLayer. Liquidations repay debt and restore health factors. Cap's Q1 2026 update cited a $100M revolving facility for Susquehanna Crypto and 60% of USD reserves lent. CAP governs parameters; staking integrations remain TBD. The author stresses coverage is a design objective, not a risk-free guarantee.

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