Cap, a decentralized finance protocol, has officially surpassed $100 million in Total Value Locked (TVL). Cap is a stablecoin protocol that provides credible financial guarantees via two products: the dollar-denominated cUSD and the yield-bearing stcUSD. This achievement marks a significant milestone for the platform, indicating substantial user trust and capital allocation.

The team behind Cap publicly thanked their community for the support in reaching this first major benchmark. The growth in TVL is a key metric in the DeFi space, often correlated with a platform's utility and security.

Looking forward, the Cap team has expressed that this is just the beginning, with plans for further growth and more milestones on their roadmap. This accomplishment positions Cap within a competitive landscape of DeFi protocols all vying for user deposits and market share.