Timeline for Trading and Deposit/Withdrawal
According to Huobi HTX's official announcement, the exchange will open CAP deposits at 18:30 on June 26, 2026 (UTC+8). Spot trading for the CAP/USDT pair will go live at 21:00 on the same day. Withdrawals are scheduled to begin at 21:00 on June 28, 2026. Users should plan ahead to fund their accounts before trading starts.
About CAP: A Covered Credit DeFi Protocol
Cap is a DeFi credit protocol built on the Covered Credit mechanism. Its system comprises three components: a digital dollar, a credit platform, and a financial guarantee market. The protocol provides on-chain guarantee support for personal loans, improving capital efficiency while reducing liquidation risk. Its stablecoin engine can mint redeemable stablecoins in multiple denominations, including those pegged to USD, BTC, and ETH, effectively bridging traditional credit markets with DeFi liquidity.
Market Implications
Huobi HTX's listing of CAP adds a new dimension to its DeFi credit asset lineup. As a protocol employing a collateral-based credit model, CAP may introduce a novel risk management approach to decentralized lending, potentially attracting both retail and institutional participants. Market observers are watching initial liquidity and price action closely.