WuBlock has learned that Cap founder and CEO Benjamin issued an apology regarding the Stabledrop controversy. He explained that the team prematurely committed to a $11 million allocation back in February before securing full funding. However, due to market changes and ICO fundraising falling short of expectations, the final distributable amount was reduced to $4.2 million. To prevent YT holders from suffering principal losses under the original plan, the team opted to distribute funds based on a 'principal-protected but non-profitable' principle, stating that the same rules apply to all wallets. Benjamin also clarified that the recent decline in Cap's TVL was caused by the surge in USDM borrowing rates on Aave via MegaETH and is unrelated to Stabledrop. All related redemptions have been processed normally. https://(wublock123.com)/news/cap-stabledrop-allocation-cut-62-percent-cap-founder-apology-64565