Listing Schedule
Bybit has officially announced the listing of Cap (CAP) on its spot market, with trading starting at 21:00 UTC+8 on June 26, 2026. The trading pair will be CAP/USDT. Deposit channels will open earlier at 12:00 on the same day, while withdrawals become available at 18:00 on June 27. Users are advised to prepare funds ahead of the trading start.
Project Overview
Cap is a decentralized credit protocol built on Ethereum. Its core innovation lies in using on-chain financial guarantees to safeguard lender principal, differentiating itself from typical over-collateralized lending protocols. By introducing a guarantee pool and dynamic liquidation mechanisms, Cap aims to mitigate credit risk and create a more secure on-chain credit market. The CAP token serves governance, protocol incentives, and fee distribution functions.
Market Implications
Bybit's decision to list CAP signals growing exchange interest in specialized DeFi credit verticals. For traders, the listing offers direct exposure to a protocol that addresses credit risk in a novel way. Initial liquidity and price discovery will depend on market appetite and the protocol's on-chain traction. Investors should monitor key metrics such as collateralization ratios, default rates, and total value locked (TVL) to assess the project's fundamentals.