# Welcome to Cables! **Liquid Staking for Real-World Assets, Built Onchain** Cables brings real-world assets like gold, euro, and yen onchain, turning them into productive, yield-bearing positions through liquid staking. The system is designed for utility, not just exposure - users can earn, hold, and move global value directly from their wallets. Cables is building the infrastructure layer for the next era of financial access. Everything starts with participation. # Introduction Cables Finance is building a new financial ecosystem around real-world assets. Starting with yield-bearing versions of currencies and commodities like euro, yen, and gold, Cables unlocks new ways for users to earn, hold, and use these assets onchain. The platform connects passive yield generation with active utility, creating a self-sustaining system designed for long-term adoption. If you’re holding for yield or deploying assets across the ecosystem, Cables is built to make your capital productive. ### Our Mission Our mission is to make real world assets more accessible, usable, and valuable onchain. We’re turning assets like currencies and commodities into building blocks for a new financial system - one that gives anyone the ability to earn, transact, and build with them, without relying on banks or borders. ### Our Vision We believe the next era of finance will be global, multi-currency, and onchain. Cables is building toward a world where people can hold euros, yen, or gold with yield, use them across apps and protocols, and tap into a unified system that rewards participation. No silos. No dollar dominance. Just open access to real assets, reimagined for an onchain economy. # The Global Disconnect: DeFi’s Untapped Potential In 2025, DeFi still relies heavily on USD-denominated assets and fragmented liquidity. A trader in Europe faces high costs to hedge euro exposure. An investor in Japan has limited options to earn yield in yen. A commodity holder can’t move easily between gold and crypto. These challenges reveal how disconnected onchain finance remains from real-world markets. The opportunity is massive. The $7.5 trillion daily FX market operates far beyond DeFi’s current reach, locked behind banking rails, intermediaries, and local restrictions. Most people still can’t access or earn yield on their native currencies without facing fees, friction, or exclusion. Cables Finance is changing that. By turning currencies and commodities like euro, yen, and gold into yield-bearing onchain assets, Cables makes it possible for users to earn, hold, and use real-world value without relying on banks or borders. A euro holder can hedge exposure. A yen investor can earn native yield. A gold owner can use their holdings across DeFi. Cables unlocks real utility by connecting assets, people, and protocols into a single ecosystem. # The Cables Liquidity Flywheel The Cables ecosystem runs on a self-reinforcing liquidity cycle where yield fuels usage, and usage drives liquidity. At the center are yield-bearing real-world assets like cEUR, cJPY, and cXAU, which create incentives for users to hold and deploy capital across the network. The flywheel works through three connected mechanics: * Yield Layer: Assets like cEUR, cJPY, and cXAU generate passive yield through on chain yield solutions like Ethena and Pendle. This attracts deposits and anchors capital onchain. * Utility Layer: These assets are usable across the Cables marketplace - for holding, swapping, or settling trades - giving them real onchain utility and reinforcing demand. * Recirculation Layer: As users transact and earn with these assets, more liquidity flows back into the ecosystem. Participants can restake yield, move assets across apps, or deploy capital back into the marketplace—completing the loop. Each action strengthens the system. More deposits create more yield. More yield drives more usage. More usage deepens liquidity and opens the door for further applications. Cables grand vision is to go beyond minting tokenized assets, it’s building a system where real-world value compounds onchain. # Liquid Staking Protocol The Cables Liquid Staking Protocol creates yield-bearing assets backed by real-world currencies and commodities like cEUR, cJPY, and cXAU. These assets track real market value, earn native yield, and can be used throughout the Cables ecosystem. For end users, regardless of if you’re earning in yen, holding gold onchain, or reducing USD exposure, the protocol gives you direct access to productive real-world value without relying on banks or centralized exchanges. **Key Mechanisms** 1\. Asset Minting Users deposit supported stable assets to mint cTokens such as cEUR and cXAU. A built-in swap function allows conversion from multiple sources, removing friction from foreign currency exchange and simplifying access to non-USD assets. 2\. FX Hedging and Price Alignment Cables uses a hybrid hedging system across onchain and institutional venues to maintain price stability. Real-time price feeds from Pyth and others keep each asset in line with its global market reference. Periodic rebalancing helps reduce drift and maintain integrity. 3\. Yield from Macro Conditions Each cToken earns native yield based on interest rate differentials and macroeconomic conditions. When European or Japanese rates exceed US rates, holders of cEUR or cJPY receive higher yield. Yield flows from real economic activity, not speculative incentives. 4\. Verifiable Reserves All positions are fully collateralized and hedged. Treasury holdings and risk exposure are published through signed data snapshots and third-party attestations. Anyone can verify collateral and system health in real time. The Liquid Staking Protocol anchors the Cables ecosystem. It turns passive assets into productive capital, powers real onchain utility, and creates a foundation for an open financial system where value is globally accessible, transparently managed, and continuously earning. # Liquid Staking Tokens: Foundation of the Protocol **How cTokens Power the Cables Ecosystem** The Cables Liquid Staking Protocol enables users to mint cTokens by staking tokenized real-world assets such as gold, euro, and yen. These tokens - including cXAU, cEUR, and cJPY - are fully onchain, non-custodial representations of real world value, designed to accrue predictable, risk-free yield over time. Each cToken is yield-bearing by design. The yield comes from macroeconomic factors like interest rate differentials and FX funding costs, and is reflected directly within the token’s mechanics. Users retain full flexibility to move, swap, or restake assets without interrupting their yield accumulation. cTokens serve as the foundational layer of the Cables ecosystem. They unlock participation in staking programs, ecosystem tiering, and future product access — allowing users to grow their position through active use rather than static holding. The system is structured to deliver the security and transparency of traditional finance, combined with the flexibility and composability of DeFi. All reserves are fully collateralized and transparently hedged, with data verifiable through real-time attestations. This ensures each cToken remains stable, usable, and productive from the moment it’s minted. By embedding yield into the asset itself, Cables eliminates the need for complex wrappers, third-party vaults, or off-platform incentives — turning tokenized real-world assets into reliable primitives for onchain financial activity. # Perpetual Futures DEX **RWA Marketplace: Expanding Access to Global Value** The Cables Marketplace gives users onchain access to real-world assets — not just to hold, but to use. It’s a venue designed for real participation: stake, earn, exchange, and manage value in a system that reflects the way global finance actually moves. With built-in yield, onchain mechanics, and flexible asset support, the marketplace is more than a passive index — it’s an active financial environment for long-term positioning and capital mobility. **Key Functionality:** **1. Multi-Asset Access** Users can access and hold a variety of tokenized real-world assets through a single interface. The marketplace supports smooth movement between assets and unlocks deeper onchain engagement. **2. Asset Swaps and Yield Mobility** Participants can move between staked positions without leaving the ecosystem. Yield remains active, positions remain productive, and value keeps flowing — even as market preferences shift. **3. Non-USD Denominated Value** The marketplace prioritizes exposure beyond USD-backed assets. Users can operate in a system designed for global participation, where value reflects diverse economic anchors — not just dollar stability. **4. Composability and Ecosystem Integration** Marketplace activity connects directly with the broader Cables ecosystem. Every action — from staking to swapping — contributes to tiers, access, and protocol-aligned rewards. The platform is designed to grow with the user, not just serve them. **5. Venue Experience** The marketplace is built as a purpose-designed onchain venue, optimized for clarity, composability, and action. Users can engage with a system that recognizes their participation and returns long-term value for staying active. # Trading Infrastructure of the DEX The Perpetual Futures DEX is designed to provide a transparent decentralized trading experience across crypto, FX, commodities, and equities. Its hybrid structure combines off-chain order matching for speed with on-chain settlement for trust and transparency.
The DEX uses an off-chain matching engine to process trades in real time. This setup supports various order types, catering to different trading strategies. After matching, trades are settled on-chain using smart contracts, ensuring secure and verifiable transactions. The platform integrates Pyth’s pull-based oracles to provide reliable, tamper-resistant pricing, helping maintain fair conditions even in volatile markets. It also supports non-USD stable assets like cEUR and cJPY, allowing users to trade in currencies that align with their local economies and reducing dependence on USD-based systems.
Liquidity from the Liquid Staking Protocol is directed into active trading markets, helping to strengthen the platform’s ecosystem. This interconnected approach creates a cycle where increased trading boosts liquidity, benefiting all users and contributing to long-term growth. The Perpetual Futures DEX provides a decentralized trading environment that adapts to the needs of global finance. # Core Architecture

Core Exchange Architecture & Blockchain Integration

The Cables platform connects traditional financial infrastructure with onchain smart contracts to enable minting, staking, and utility of real-world assets like gold, euro, and yen. At the core of the system is a hybrid architecture that bridges centralized liquidity aggregation with decentralized onchain interaction. On the offchain side, Cables integrates with FX liquidity providers and treasury systems to manage reserves and maintain asset integrity. These reserves back tokenized RWAs, which are issued and redeemed via smart contracts deployed on Ethereum and Arbitrum. Onchain, users can mint or redeem assets like cXAU or cEUR, stake them to earn yield, and interact with a transparent rewards system tied to ecosystem activity. The staking layer connects to a treasury wallet that dynamically rebalances backing reserves to match onchain demand. DEX aggregators support asset swaps, enabling users to move between RWAs efficiently. This architecture ensures capital efficiency, price stability, and coordinated liquidity between offchain reserves and onchain activity - allowing real-world assets to function as yield-bearing, composable primitives across the Cables ecosystem. # Roadmap
# Token Overview The $CABLE token is the core economic layer of the Cables ecosystem. It’s designed to reward participation, strengthen long-term alignment, and unlock future access across the platform. Users earn token allocation through activity, staking, referrals, vault participation, and ecosystem engagement, all tracked through a transparent Points and Tier system. These mechanics aren’t temporary. They define how value accrues across phases of the platform’s growth. As the ecosystem expands, $CABLE will be used for governance, staking boosts, ecosystem rewards, and access to protocol-level benefits. It’s a signal of position, contribution, and commitment. The token is how we scale Cables - together. # FAQ **1. What is Cables Finance?** Cables is an onchain platform for RWAs. It allows users to stake assets like gold, euro, and yen to earn yield, participate in onchain programs, and access a growing RWA marketplace. The protocol is designed for utility, not speculation - turning tokenized assets into productive components of an open financial system. **2. What are liquid staking RWAs?** Liquid staking RWAs are yield-bearing tokens backed by real-world assets like gold and fiat currencies. Users stake them onchain to earn rewards while retaining the flexibility to move, trade, or compound their positions across the ecosystem. **3. How does the staking system work?** Users stake supported RWAs (e.g. cXAU, cEUR) to earn points and yield. Staking can be time-weighted and tied to specific vault strategies, creating compounding rewards over time. The system is designed to track meaningful participation and reward long-term alignment. **4. What is the Cables Marketplace?** The marketplace allows users to mint, stake, and exchange tokenized RWAs onchain. It will expand over time to support multiple asset types, swapping tools, vault strategies, and third-party integrations. **5. What makes Cables different from other RWA platforms?** Cables focuses on usability. Most RWA projects stop at tokenization. We build systems around those assets - staking, rewards, utility, and a marketplace to put them to work. Cables is not a vault. It is an ecosystem. **6. Is there a native token?** Yes. The $CABLE token will power the ecosystem’s reward structure, governance, and future access layers. It will be distributed based on activity tracked through the Points Program and other campaign mechanisms. **7. What assets will be available?** The first asset is Cables Gold (cXAU), with euro and yen following soon after. Additional FX, commodity, and yield-based products are planned as the platform expands. **8. What networks does Cables support?** Cables will launch on Ethereum mainnet to start. Additional chains may be supported in the future depending on demand and ecosystem integrations. **9. Is there a way to track my progress?** Yes. Users can track points, tiers, staking activity, and referrals through their onchain dashboard. Your actions are directly linked to your future token allocation and ecosystem role. **10. When is the launch?** The Points Program and cXAU staking are scheduled for Q2 2025, with expanded vaults, token distribution, and marketplace upgrades rolling out over the second half of the year. **11. How do I earn the airdrop?** Your airdrop allocation is tied to your activity in the Points Program - staking, referrals, and overall ecosystem participation. The more you contribute, the more weight you build. Snapshot dates and token distribution details will be announced closer to the TGE. **12. How long will the Points Program run?** The program will run across multiple phases leading up to and beyond the token generation event. Users will continue earning points through staking and referrals, with rewards compounding over time based on participation. # Contact Support Get in touch with our support team via email at . # Whitepaper {% file src="/files/0aZ3JJwCkl1MrO2h6bfS" %} # Audits #### Cables DEX on Stellar Soroban Audited by Halborn [Report](https://github.com/HalbornSecurity/PublicReports/blob/master/Soroban%20Smart%20Contract%20Audits/Shift_Markets_Cables_DEX_Soroban%20Smart_Contract_Security_Assessment_Report_Halborn_Final.pdf) #### Cables DEX on Avalanche Audited by Certik [Report](https://skynet.certik.com/projects/cablesfinancedex)