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.