Perpetual fundraising
for organizations.

Launch a tokenized organization whose raise never closes, with 24/7 liquidity and exit rights.

Proposals

Live Feed

The short version

Caper is perpetual fundraising for organizations on Radix.

What is a caper?

A caper is an organization anyone can launch in a single transaction. It arrives with three permanent parts: its own token, a treasury, and a market where anyone can buy in or sell out. The people holding the token decide what the treasury does. Caper is the platform those organizations are launched and governed on.

What is a caper

How does a caper decide anything?

In two phases, and the second one is the market. Members first rank the options on a ballot — one option is always to do nothing — and a proposal has to carry that ranking before it goes any further. It then gets a market window, and it passes only if the average price across that window finishes at or above the average it carried going in. Holding through the window is consent and buying is support; selling is the veto. The people carrying the cost of a decision are the ones who settle it.

Proposals

Can I take my money out?

Yes, once you have voted, and without asking anyone. Each ballot you cast mints you one vote token, which cannot be transferred. To exit, hand back your vote tokens and your governance tokens together: the governance tokens sell into the curve, and you also receive your share of the treasury. Exiting is not a proposal and has no waiting period. A buy alone does not make you eligible; your first ballot does.

The exit right

What does the founder get?

No allocation. Nothing is pre-mined and no founder bucket is set aside at launch. A slice of every trade, buy or sell, routes to the founder. The slice is largest at launch, falls to about 1% of a trade once a fifth of the supply has sold, and halves again with every further fifth sold. A founder's upside comes from the caper growing, because there is no allocation to sell into it.

Raising funds

What makes a caper different from most DAOs?

A caper is a DAO in the strict sense — a treasury, on-chain execution, holders who decide — but it bundles into one contract what most DAOs assemble from separate parts: the token launch, the market, treasury custody, the decision procedure and the execution layer. It also replaces the part that fails most often. Instead of a ballot almost nobody returns, the decision rides the market that is already pricing the treasury.

What is a DAO

Does a caper have to be a company?

No. A caper is the smallest workable unit of an institution, so it fits a business, a charity, a research group, a band — or one person. A personal caper gives an individual what institutions have always had and people have not: a treasury, backers with a stake in the outcome, a public record of what was decided, and a standing exit for anyone who wants out.

Starting a personal caper

Σ TVL:√–24H VOL:√–CAPERS:–

σ 10 · ρ 28 · β 8/3

Locally chaotic. Globally stable.

Perpetual fundraising
for organizations.

Launch a tokenized organization whose raise never closes, with 24/7 liquidity and exit rights.

🎬 Launch


Load Drill 04$LOAD04	√0.₄94$0.₇302	1	+118.47%	√82K	√0	√66K	43
Load Drill 06$LOAD06	√0.₄811$0.₇26	1	+95.99%	√53K	√0	√41K	34
Load Drill 07$LOAD07	√0.₄743$0.₇239	1	+83.62%	√41K	√0	√39K	33
Load Drill 03$LOAD03	√0.₄732$0.₇235	1	+82.14%	√39K	√0	√36K	48
Load Drill 12$LOAD12	√0.₄731$0.₇235	1	+81.32%	√39K	√0	√29K	21
Load Drill 05$LOAD05	√0.₄723$0.₇232	1	+79.89%	√37K	√0	√32K	36
Load Drill 11$LOAD11	√0.₄708$0.₇228	1	+77.43%	√35K	√0	√31K	23
Load Drill 08$LOAD08	√0.₄69$0.₇222	1	+73.68%	√33K	√0	√27K	29
Load Drill 09$LOAD09	√0.₄687$0.₇221	1	+159.34%	√32K	√0	√36K	24
Load Drill 02$LOAD02	√0.₄598$0.₇192	1	+112.50%	√21K	√0	√21K	56
Load Drill 10$LOAD10	√0.₄596$0.₇192	1	+54.93%	√21K	√0	√19K	24
Caper$CAPER	√0.₄528$0.₇17	1	+79.66%	√15K	√0	√15K	23
Load Drill 01$LOAD01	√0.₄324$0.₇104	1	-8.18%	√3K	√0	√40K	79