Cap Labs' batch auction for its CAP governance token drew 1,002 bids and $16.4 million in commitments, clearing at $0.011 per token for a $106 million fully diluted valuation.

Cap Labs' batch auction for its CAP governance token drew 1,002 bids and $16.4 million in commitments, clearing at $0.011 per token for a $106 million fully diluted valuation.

Cap Labs raised $16.4M in its CAP token auction at a $106M fully diluted valuation, with 5.5x oversubscription from 1,002 unique bids via Uniswap's CCA