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Bankless Co-founder: The uniqueness of the Cap protocol lies in the combination of unsecured lending and EigenLayer re-staking

2025-08-19 01:42

According to Odaily Planet Daily, Bankless co-founder David Hoffman published a post on the X platform stating that the Cap Protocol allows users to deposit USDC and receive cUSD. Borrowers can obtain unsecured USDC credit lines. Borrowers are underwritten by EigenLayer re-staking providers, and if the borrower defaults, the re-staking providers will repay the funds. This protects cUSD holders while allowing re-staking providers to share in the profits.