Uncollateralized Lending · Alternatives
The best cap alternatives in 2026
Cap is an Ethereum stablecoin and credit protocol offering cUSD and yield-bearing stcUSD, with underwriters backing unsecured USD loans. If cap is not the right fit, these 12 reviewed Uncollateralized Lending options are the closest matches, ranked by DappsAtlas score. Read our full cap review
At a glance
cap vs the alternatives
| dApp | Score | TVL | Chains |
|---|---|---|---|
| Score 6.8 out of 10 | $180M | 1 | |
| Score 7.0 out of 10 | $11.1M | 1 | |
| Score 6.8 out of 10 | $2.92M | 2 | |
| Score 5.0 out of 10 | $2.07M | 1 | |
| Score 6.8 out of 10 | $200K | 9 | |
| Score 6.5 out of 10 | $96.9K | 1 | |
| Score 5.5 out of 10 | $266K | 4 | |
| Score 6.5 out of 10 | $2.95K | 3 | |
| Score 6.5 out of 10 | — | 1 | |
| Score 6.2 out of 10 | $311K | 1 | |
| Score 5.5 out of 10 | $1.24K | 4 | |
| Score 5.5 out of 10 | — | 8 | |
| Rocifi | Score 5.0 out of 10 | — | 2 |
Ranked
Top cap alternatives
- 1
3Jane Lending
Uncollateralized Lending · Ethereum
3Jane is an Ethereum credit protocol that issues USD3, a yield-bearing dollar token funded by USDC deposits and lent out to fintechs and crypto-native borrowers without full collateral. Yields look attractive, but returns depend on borrower credit rather than posted collateral.
ScoreScore 7.0 out of 10TVL $11.1M+156% - 2
Wildcat Protocol
Uncollateralized Lending · Ethereum, Plasma
Wildcat is an Ethereum protocol where borrowers set up their own undercollateralised credit lines and lenders deposit into a single borrower's market. It is flexible, but lenders take on direct counterparty risk.
ScoreScore 6.8 out of 10TVL $2.92M+0.2% - 3
Goldfinch
Uncollateralized Lending · Ethereum
Goldfinch is an on-chain credit protocol on Ethereum that moved from borrower pools to a private credit fund product called Prime. The homepage now says Prime is shutting down and no new deposits are accepted.
ScoreScore 5.0 out of 10TVL $2.07M−8.4% - 4
Clearpool Lending
Uncollateralized Lending · Base, Ethereum, Optimism +6
Clearpool Lending is a permissioned marketplace where institutions borrow from on-chain lenders without posting collateral. It is credit-risk exposure, not a collateralised DeFi loan, and it is expanding to the XRP Ledger.
ScoreScore 6.8 out of 10TVL $200K+0.1% - 5
3Jane Options
Uncollateralized Lending · Ethereum
3Jane is an Ethereum protocol that was listed as an options vault and now centers on USD3, a credit-backed yieldcoin funded by lending to fintech originators. The yields are higher than plain lending markets, but they come with real credit risk.
ScoreScore 6.5 out of 10TVL $96.9K−0.8% - 6
Union Protocol
Uncollateralized Lending · Optimism, Ethereum, Base +1
Union is an open-source protocol for peer-to-peer onchain credit, where users vouch for people they trust and those people can borrow without posting collateral. It is an interesting model, but small in size and carrying real default and contract risk.
ScoreScore 5.5 out of 10TVL $266K+0.0% - 7
Kasu
Uncollateralized Lending · Base, XDC, Plume
Kasu is a private credit protocol that lets lenders earn 9% to 20% a year from loans to vetted businesses, paid in stablecoins. The yields are attractive, but this is off-chain business lending with real credit risk and no guaranteed withdrawals.
ScoreScore 6.5 out of 10TVL $2.95K+9.3% - 8
BNPL Pay
Uncollateralized Lending · Ethereum
BNPL Pay is an Ethereum lending protocol that routes lender deposits to Buy Now, Pay Later providers, with staking as first-loss capital. Its yields come from real-world receivables, which brings credit risk that ordinary DeFi pools do not carry.
ScoreScore 6.5 out of 10TVL — - 9
Sprinter
Uncollateralized Lending · Base
Sprinter is an onchain credit infrastructure project from the team behind ChainSafe, offering policy-based, uncollateralised credit to solvers, asset issuers and card programmes. It is early-stage on Base with small tracked TVL, and its headline volume claims are self-reported.
ScoreScore 6.2 out of 10TVL $311K+0.1% - 10
cSigma Finance
Uncollateralized Lending · Ethereum, Arbitrum, Hedera +1
cSigma Finance is a lending protocol that pools stablecoin deposits for real-world business loans and onchain strategies. It suits readers who understand private credit risk and accept delayed withdrawals in exchange for higher stated yields.
ScoreScore 5.5 out of 10TVL $1.24K+0.0% - 11
Bion
Uncollateralized Lending · Ethereum, Base, Arbitrum +5
Bion offers eligible users a reusable stablecoin credit line based on wallet activity, with disbursements and repayments in USDC on Base. Its repayment options are outlined, but final fees, underwriting details, and key safety information are not published.
ScoreScore 5.5 out of 10TVL — - 12
Rocifi
Uncollateralized Lending · Polygon, zkSync Era
RociFi is an on-chain credit protocol designed to offer under-collateralized loans using borrower reputation and credit scoring. Its operating status and key lending terms are unclear, so borrowers should verify that the protocol is active and review the loan conditions before relying on it.
ScoreScore 5.0 out of 10TVL —