The Cap Season 2积分活动 is about to start. Can the 6-month Homestead surpass Frontier?

The stablecoin project Cap has officially announced the full details of the second season points activity, Homestead. This 6-month incentive campaign will commence on January 29 and end on July 23. Maintaining a similar mechanism framework to the first season Frontier activity, Cap continues to offer users two options: points and earnings, with optimized and expanded participation methods.

Activity Mechanism Explanation

According to the latest news, Cap’s Homestead activity continues the dual-track design of Frontier, allowing users to choose flexibly based on their needs:

Earnings Option

Users who choose earnings will receive stcUSD token rewards, paid daily in the form of cUSD. This daily settlement earnings model provides users with a stable cash flow, making it especially suitable for participants seeking short-term gains.

Points Option

Users who opt for points can accumulate points earnings through various methods. According to the activity rules, participation methods include:

• Holding cUSD directly
• Participating in Pendle cUSD YT and LP
• Participating in Pendle stcUSD YT and LP
• Providing stablecoin loans to stcUSD and Cap PT in lending markets

This design makes the points option more diversified, allowing users to choose participation methods based on their risk preferences and liquidity needs.

Continuation and Innovation Compared to Season One

Homestead maintains the basic framework of Frontier while demonstrating Cap’s ongoing optimization in incentive design. Both seasons offer users the choice between points and earnings, but Homestead adds combined participation options with DeFi protocols like Pendle. This means users can not only earn incentives through simple holding but also earn Cap points rewards while participating in liquidity mining, creating a more complex yet flexible incentive ecosystem.

Market Significance Analysis

From Cap’s continued promotion of long-term points activities, this reflects the stablecoin project’s emphasis on user stickiness. A six-month activity cycle is long enough to generate sustained user incentive effects, and diversified participation methods lower entry barriers, attracting different types of users.

Notably, Homestead incorporates the lending market into the incentive scope, indicating Cap’s efforts to expand stablecoin application scenarios and promote liquidity building within the lending ecosystem. By incentivizing users to provide stablecoin loans to stcUSD and Cap PT, Cap is effectively strengthening its stablecoin’s infrastructural role in DeFi.

Future Focus

Whether the Homestead activity can surpass Frontier depends on the number of participating users, the average participation scale, and the distribution of users across different participation methods. If lending market incentives attract substantial liquidity, it will directly enhance Cap’s stablecoin position in DeFi.

Summary

The launch of Cap’s second season Homestead activity continues the development of its stablecoin incentive system. By offering dual options of points and earnings, diversified participation methods, and deep integration with the DeFi ecosystem, it creates a richer participation space for users. This long-term, systematic incentive design is key for stablecoin projects to build a user base amid fierce competition. Over the next six months, the actual participation enthusiasm and ecological contribution of this activity will directly reflect Cap’s market appeal.