The Cappuccino Stablecoin is pegged to the price of a NY cappuccino.
Blockchain program is Cappuccino Machine. Fellow blockchain traveller you entered a coffeehouse in which you can deposit your SOL tokens into cup of coffee no vaults here. After depositing SOL you will be able to see it shining inside cup, in return you will be able to borrow CAPPUCINO STABLECOINS. Cappuccino STABLECOINS are pegged not to a price of any fiat currency but to a price of cappuccino in NY from Numbeo API. So this is trustless stablecoin which warranties you will be able to buy cappuccino coffee - a Proff of Coffee and Milk. You can borrow as much Cappuccino as much cappuccino coffees you could buy in New York minus collateral ratio. When you will keep your collateral ratio you will be able to give back your Cappuccino into a cup and take back your deposited SOL. So if price of SOL will go up you will be able to borrow more CAP tokens, or give them back to cup and receive deposited SOL. If the price of SOL would drop for some reasons so you deposit will be worth less then your CAP + c-ratio, you won't be able to take back deposited SOL. Program will take it, however you will still be able to enjoy your CAPPUCINO!
Not ready to start building? Keep in touch.
DISCLAIMER: The information presented herein has been provided by third parties and is made available solely for general information purposes. The operator of Solana.com (“Solana.com”) does not warrant the accuracy, completeness or usefulness of this information. Any reliance you place on such information is strictly at your own risk. Solana.com disclaims all liability and responsibility arising from any reliance placed on this information by you or by anyone who may be informed of any of its contents. All statements and/or opinions expressed in these materials are solely the responsibility of the person or entity providing those materials and do not necessarily represent the opinion of Solana.com. The information should not be construed as professional or financial advice of any kind. Advice from a suitably qualified professional should always be sought in relation to any particular matter or circumstance.
The information herein may link to or integrate with other websites operated or content provided by third parties, and such other websites may link to this website. Solana.com has no control over any such other websites or their content and will have no liability arising out of or related to such websites or their content. The existence of any such link does not constitute an endorsement of such websites, the content of the websites, or the operators of the websites. These links are being provided to you only as a convenience and you release and hold Solana.com harmless from any and all liability arising from your use of this information or the information provided by any third-party website or service.