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.