Celo Dollar (CUSD)

Looking for steady yield even when the market is all over the place?

You gotta check out these two new stablecoin projects on Ethereum: cUSD (from @capmoney_) and ftUSD (from @flyingtulip_).

Both let you park your stables and actually earn real yield — works great even in this current downtrend.

I threw together a quick comparison table for you:
• How they’re backed & redeemed
• Risk & principal protection
• How the yield actually works
• Live APY right now: cUSD at 4.60% vs ftUSD at 8.50%

Quick take:
• Need maximum safety + 100% principal protection
-> Go cUSD/stcUSD

• Want higher yield + extra utility inside the ecosystem
-> Go ftUSD/sftUSD

Full breakdown here 👇

Megaeth rabbithole app guide #6 ‣ @capmoney_

Caps is one of my favorite mafia apps on @megaeth

You can think of caps as a stablecoin → credit system. to me it feels like a usd hub.

a few things you should know:

‣ $cUSD = the idea of a digital dollar that bundles different stables under one composite USD

‣ $stcUSD = basically yield-bearing cUSD. it dynamically allocates into yield strategies.

On the megaeth side, I checked cap’s homestead program. This is where you farm caps points.

caps points ≠ guaranteed rewards btw. and the incentive details on the megaeth side still aren’t fully explained.

so what did i actually do on cap?

➛ Homestead program

I went through the homestead program. you can earn caps with different multipliers.

On day 1 i already bridged a some amount of $cUSD into megaeth.

So i’m already holding cUSD. rn that gives caps points with a 20x multiplier.

For higher multipliers, there’s stuff like adding LP on pendle (like 40x), but i couldn’t see a pool on the megaeth side rn.

so if you do that, it might be on ethereum side for example.

I added a small amount into LP.

but my main focus is just holding $cUSD on megaeth.

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So yeah, right now on megaeth you can basically hold cUSD and stack caps points. don’t jump into this without doing your own research, this is just what i did, not advice.

Caps is in a pretty good spot as a mafia app among the other apps.

You might’ve heard of cap before. Honestly I’d like to see more announcements around megaeth incentives.

But still, for stacking caps points, it looks decent.
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The @capmoney_ stabledrop is coming

TLDR: It's an airdrop paid in stables instead of tokens

I like this idea a lot, although I did hope for a slightly higher APY

The APY they used seems to be around 9%, which brings it to ~20% total APY if you deposited into the @pendle_fi LP