Cap does NOT use Railway for any production applications. Our platform continues to operate normally with no exposure to today’s security disclosures. Our team continues to monitor all industry developments and security disclosures to ensure the ongoing safety of our operations.

Final post.

To access support just click the support button at the top-right corner of the app (shown below)

Live support is now available directly on Cap App! Users can now get help from our team and AI assistant without having to join Telegram, Discord, or any external messaging platform.

Cap has created a novel credit marketplace with a new participant, the funded underwriter. Instead of a central team allocating capital, an independent party posts collateral and is rewarded for their judgment. This is how Cap enables onchain credit to scale across industries.

Over the past year, institutions and brick & mortar businesses alike have been coming onchain. When these companies collectively onboard billions of dollars, they demand a level of transparency and recourse few can provide. Through funded underwriters, Cap is one of those few.

9/ You're all set. When the order completes, stcUSD arrives in the wallet you connected. To confirm, connect that wallet at cap.app and your stcUSD balance and current yield show at the top. That's it. You're earning.

8/ Switch back to the Cap page. Your order shows in progress: the USDC you sent on one side, the stcUSD you'll receive on the other. Once your USDC lands, Halliday swaps it into cUSD and stakes into stcUSD in one flow. This usually takes a few minutes.

7/ Slide the bar to confirm. Fomo shows the withdrawal processing. Nothing more to do on this side.

6/ Tap the network selector (it may default to Solana or another chain) and switch it to Ethereum. Paste the deposit address you copied from Cap, then tap Review. Double-check the network says Ethereum. USDC sent on the wrong chain will not reach Cap.

5/ Enter the amount you want to withdraw and tap Continue. For the cleanest match, use the same amount you entered on Cap.

4/ Switch over to the Fomo app. In the bottom right, tap the three dots next to the + button, select Withdraw, then choose Crypto wallet.

3/ Enter how much you want to move. Make sure the asset and network are set to USDC on Ethereum. Cap shows you an estimate of the stcUSD you'll receive. Press Continue, then copy the deposit address on the next page. This is the address Halliday watches for your USDC, so keep it handy.

2/ Choose your wallet and connect. This is the wallet your stcUSD will land in, so make sure it's one you control.

1/ Go to cap.app/get-started and press Connect under the Use crypto tab. This page is powered by @HallidayHQ, which handles all the routing behind the scenes.

Your PnL is up on @fomo. You're ready to withdraw some USD but you don't want them to sit idle. Now you can put them to work on Cap. Here's how to move into stcUSD and start earning yield. All you need: funds in Fomo and a few minutes of your time. Step by step guide 👇

Demand for underwriting loans at Cap has never been higher. Around 85% of $USDC deposits at Cap have been lent to institutional borrowers, generating a 30D average of 5.6% APR for USD depositors. Every loan is backed by a funded underwriter who posts collateral and earns a premium for good judgement.

cUSD now runs on PYUSDx. Cap's native stablecoin has migrated to PYUSDx, the new developer platform from @PayPal, @M0, and @moonpay. The backing of cUSD is now PYUSD reserves. Here's how it works 🧵