cap is a capital-efficient stablecoin lending protocol that connects liquidity providers, restakers and operators in a three-party system. The protocol issues cUSD (1:1 backed stablecoin) and stcUSD (yield-bearing version) while uniquely leveraging SSN infrastructure for collateralization rather than traditional validation services.

The audit focuses on cap’s integration with EigenLayer as a Shared Security Network provider and the repurposing of EigenLayer's delegation and slashing mechanisms for collateralized lending and liquidations.