Cap Stabledrop Pool Shrinks 62% to 4.2M Amid Fundraising Shortfall
2026-07-14 09:03

Woofun AI reports that Cap founder Benjamin apologized for prematurely committing to an 11 million token airdrop before securing full funding. Consequently, the actual distribution pool was reduced to 4.2 million tokens due to fundraising falling short of expectations. To prevent principal losses for early Yield Token holders, the team replaced the linear distribution with a "capital preservation but no profit" model applicable to all wallets. Benjamin clarified that a whale address suspected of internal score manipulation belongs to a former colleague and is not team-operated, with no treasury funds involved. He further stated that the protocol remains healthy, attributing the weekend TVL decline to arbitrageurs exiting due to surging USDM lending rates on Aave for MegaETH, unrelated to the airdrop controversy.

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Tags:
YT
USDM
MegaETH
Benjamin
Cap
Stabledrop
Aave
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