Capx to Launch on Acala, Bringing Suite of Products for Unlocking Vested Token Liquidity
Alcala welcomes Capx bringing its innovative solution for unlocking the liquidity of vested tokens to Acala Ecosystem teams! Capx will build in the Acala EVM+ environment, with plans to launch its Capx Liquid, Capx Exchange and Capx Lend products on Acala within the first week of EVM+ rollout.
Capx has chosen Acala for its deployment in the Polkadot ecosystem in order to leverage Acala’s decentralized stablecoin, aUSD, as well as the DeFi ecosystem being built on the network. Projects launching their tokens on Acala will be able to leverage Capx Liquid for their token lifecycle management and can issue “Wrapped Vesting Tokens” (WVTs) to their stakeholders. Additionally, Capx Exchange will be using aUSD as the default currency for all buy/sell bids on the platform. Last, Borrowers can further collateralize WVTs on Capx Lend to borrow aUSD from lenders on terms individually agreed upon by the lender and the borrower. More from Capx below on their three core products.
Capx Liquid is a decentralised application designed to manage the token lifecycle for any crypto project. It allows projects to issue Wrapped Vesting Tokens (WVTs) to the project’s stakeholders. These WVTs are essentially liquid derivatives of unvested tokens. These WVTs can be leveraged by stakeholders to access liquidity.
Whenever an investor invests into a private crypto deal, the investor doesn’t get the tokens immediately. There are vesting cycles defined for the token release date that can extend a couple years into the future. With Capx, the investor can ask the project to vest his/her shares through Capx Liquid. The investor will receive WVTs against his/her unvested tokens that are liquid from Day 1.
Capx Exchange is the marketplace for private allocations and institutional dealflow. It is a peer-to-peer decentralised exchange with an order book mechanism that allows users to trade Wrapped Vesting Tokens. A lot of investors today work with OTCs in terms of finding buyers for their SAFT (Simple Agreement for Future Tokens) agreements. These investors sometimes pay the OTCs upwards of 5–8% of the deal and also go through a cumbersome process of working with the project teams in terms of cancelling the old SAFT agreement and creating a new SAFT agreement for the buyer.
With WVTs, an investor doesn’t have to work with the project for creating any new documentation. He/she can simply list the WVTs for sale on the Capx exchange and the payments and escrow will be taken care of by the Capx Exchange. In this integration with Acala, Capx Exchange will be using Acala’s decentralized stablecoin, aUSD, as the default currency for all buy/sell bids on the platform.
ABOUT Capx
With the vision to democratize the financial markets, Capx aims to spearhead the DeFi revolution by building towards a more mature decentralized financial ecosystem.
ABOUT Acala
Acala is an Ethereum-compatible smart contract platform optimized for DeFi and scaling DApps to Polkadot. The blockchain has built-in DeFi protocols for application developers to leverage, including a decentralized stablecoin (Acala Dollar — aUSD), a trustless staking derivative (liquid DOT — LDOT), and a decentralized exchange.
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