Operator Onboarding

The following outlines the process for onboarding as an operator to borrow from Cap.

1. Setup a wallet

Create a new Ethereum Externally Owned Account (EOA) or multisig wallet to serve as your operator identity.

Cap requires a unique operator address per delegator. You must generate a new wallet for each new delegator from whom you wish to receive stake from.

2. Register to a SSN of choice

Currently, Cap supports the following Shared Security Networks.

  1. EigenLayer

If need be, operators and delegators can sign legal agreements outlining terms of delegation, responsibilities, and compliance.

4. Cap Whitelisting

Submit a whitelisting application to the Cap’s onboarding team with the following details:

  • Operator address, Delegator Identity, Agreed LTV

5. Participate in Loan Activity

Once whitelisted and opt-in processes are complete, operators are eligible to borrow.

First, verify delegations and borrowing power from Cap's frontend UI.

Borrows can be initiated via the Borrow page.

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