The story of Bitcoin isn't finished, and today marks the next chapter. Born from the conviction that Bitcoin can do more, Uncap is built to return Bitcoin to its peer-to-peer roots and turn it from a dormant asset into the productive backbone of a new financial system.
This guide will walk you through what Uncap is and how you can participate from day one.
DeFi has grown from a small niche to an industry attracting tradFi giants in a couple of years. Many of you still remember DeFi summer and the countless experimentations with DEXs, lending protocols, stablecoins, etc.
As DeFi matures, a core ethos is getting lost. Decentralization isn't about being decentralized for its own sake, it's about leveraging decentralization to build great products that are inherently resilient. For stablecoins, the backbone of DeFi, this has created a glaring paradox. The ecosystem runs on centralized stablecoins like USDT and USDC, re-introducing the very censorship and single-points-of-failure DeFi was meant to eliminate. This isn't to say centralized stablecoins don't have their place. They are gaining significant adoption and serve as a practical bridge to traditional finance, offering simple USD exposure and payment rails.
However, the core principle of Decentralized Finance cannot be built upon regulated stablecoins that can be frozen by a single company or regulator. Decentralized stablecoins are the essential oil for the DeFi engine. This fundamental contradiction existed for a simple reason: there wasn't a truly great decentralized stablecoin product available.