The Capricorn lending protocol provides pledgedcoin lending service platform, which is an open and decentralized asset financing protocol. Capricorn builds a smart contract-based asset pool that brings the capital and investors from the crypto world and the real world together, in order to realize the unlimited potential of DeFi.

Capricorn Protocol, a balanced and decentralized algorithmic pledgedcoin protocol, issues a type of pledgedcoin named CUSD which pegged to $1, with superior stability, scalability and capital efficiency. CPT is the revenue and governance token of Capricorn protocol. Based on this, Capricorn Protocol will create a decentralized lending service platform to utilize the assets within the protocol efficiently.