Symbiotic and Cap Introduce Collateral-Backed Stablecoin for Market Makers

TL;DR Cap and Symbiotic launch Universal Staking: agents borrow funds for investments like arbitrage and market making, while stakers lock capital as collateral. When agreed returns aren’t met, automatic slashing is triggered on the operator’s collateral, covering the shortfall and preserving the stablecoin’s peg. Symbiotic’s vaults only authorize withdrawals if collateral is active and enforce. source: https://crypto-economy.com/symbiotic-and-cap-introduce-collateral-backed-stablecoin-for-market-makers/