Cap’s Frontier Program moves into Epoch 2 on September 1. Epoch 1 successfully bootstrapped over M in cUSD reserves, with integrations from Pendle, Redstone, and others. In Epoch 2, cUSD and stcUSD holders, as well as Pendle and lending market participants, can earn Caps at boosted rates. With the yield engine coming online, Cap continues building around its two core assets: cUSD (stable, redeemable digital dollar) and stcUSD (yield-bearing version of cUSD).

In this project, users swap their assets for Cap’s stablecoin, cUSD. Holding cUSD earns points that could potentially be converted into a future token. Additional activities, such as staking and providing liquidity, may be added later. Although Epoch 1 has concluded, the community is still small—under 5,000 participants—but the project has strong backing.

More details can be found here.