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. Every trade, buy or sell, pays a skim, a cut taken from the trade, and 50% of the skim goes to whoever holds the caper's founder badge. The skim is largest at launch. Once a fifth of the supply has sold, the founder's part is about 0.5% of a trade, and it 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, with a treasury, on-chain execution and 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


Load Drill 04$LOAD04	√0.₄901$0.₇146	1	+0.00%	√72K	√31K	√0
Load Drill 06$LOAD06	√0.₄775$0.₇125	1	+0.00%	√46K	√21K	√0
TWAP Drill$TWAPDR	√0.₄759$0.₇123	0	–	√43K	√40K	√0
Load Drill 09$LOAD09	√0.₄718$0.₇116	1	+0.00%	√37K	√18K	√0
Load Drill 07$LOAD07	√0.₄709$0.₇115	1	0.00%	√35K	√20K	√0
Load Drill 03$LOAD03	√0.₄698$0.₇113	1	0.00%	√34K	√21K	√0
Load Drill 12$LOAD12	√0.₄697$0.₇113	1	0.00%	√34K	√15K	√0
Load Drill 05$LOAD05	√0.₄689$0.₇112	1	0.00%	√33K	√18K	√0
Load Drill 11$LOAD11	√0.₄675$0.₇109	1	-0.00%	√31K	√16K	√0
Load Drill 08$LOAD08	√0.₄658$0.₇106	1	0.00%	√28K	√15K	√0
Load Drill 02$LOAD02	√0.₄627$0.₇101	1	0.00%	√24K	√15K	√0
Load Drill 10$LOAD10	√0.₄567$0.₈92	1	0.00%	√18K	√11K	√0
Caper$CAPER	√0.₄553$0.₈9	1	-0.00%	√17K	√9K	√0
Load Drill 01$LOAD01	√0.₄308$0.₈5	1	-0.00%	√3K	√26K	√0


Load Drill 04$LOAD04	√0.₄901$0.₇146	1	+0.00%	√72K	√31K	√0
Load Drill 06$LOAD06	√0.₄775$0.₇125	1	+0.00%	√46K	√21K	√0
TWAP Drill$TWAPDR	√0.₄759$0.₇123	0	–	√43K	√40K	√0
Load Drill 09$LOAD09	√0.₄718$0.₇116	1	+0.00%	√37K	√18K	√0
Load Drill 07$LOAD07	√0.₄709$0.₇115	1	0.00%	√35K	√20K	√0
Load Drill 03$LOAD03	√0.₄698$0.₇113	1	0.00%	√34K	√21K	√0
Load Drill 12$LOAD12	√0.₄697$0.₇113	1	0.00%	√34K	√15K	√0
Load Drill 05$LOAD05	√0.₄689$0.₇112	1	0.00%	√33K	√18K	√0
Load Drill 11$LOAD11	√0.₄675$0.₇109	1	-0.00%	√31K	√16K	√0
Load Drill 08$LOAD08	√0.₄658$0.₇106	1	0.00%	√28K	√15K	√0
Load Drill 02$LOAD02	√0.₄627$0.₇101	1	0.00%	√24K	√15K	√0
Load Drill 10$LOAD10	√0.₄567$0.₈92	1	0.00%	√18K	√11K	√0
Caper$CAPER	√0.₄553$0.₈9	1	-0.00%	√17K	√9K	√0
Load Drill 01$LOAD01	√0.₄308$0.₈5	1	-0.00%	√3K	√26K	√0

Perpetual fundraisingfor organizations.

Caper is perpetual fundraising for organizations on Radix.

What is a caper?

How does a caper decide anything?

Can I take my money out?

What does the founder get?

What makes a caper different from most DAOs?

Does a caper have to be a company?

Perpetual fundraisingfor organizations.

Caper is perpetual fundraising for organizations on Radix.

What is a caper?

How does a caper decide anything?

Can I take my money out?

What does the founder get?

What makes a caper different from most DAOs?

Does a caper have to be a company?

Perpetual fundraising
for organizations.

Perpetual fundraising
for organizations.