Cap team responds to Stabledrop controversy, admits early promise mistakes and clarifies insider rumors

Comparing news, Cap founder Benjamin issued a statement apologizing and providing a detailed response in response to the recent market controversy over Stabledrop's share reduction. He said that the team promised an airdrop scale of 11 million too early when the funds were not fully paid, but later, due to changes in the market environment, the amount raised fell short of expectations, and the airdrop pool actually shrunk to 4.2 million.

In order to avoid substantial principal losses for early YT (revenue token) holders, the team temporarily adjusted the original linear distribution plan to a “capital protected but no profit” restructuring model to ensure that no one lost money. This rule applies equally to all wallets. At the same time, in response to the community's questioning that an associated giant whale address was suspected of “internal points,” Benjamin clarified that the wallet belonged to his former colleague, was not operated by the team itself, and did not use the project's treasury funds. Furthermore, he stressed that the Cap agreement is still running well. The decline in TVL that occurred over the weekend was mainly due to the sharp rise in Aave's USDM loan interest rate on MegaETH, leading to the withdrawal of arbitrators. It has nothing to do with this airdrop crisis, and all redemptions have been successfully processed.