Cashmere
CSMAutonomous stablecoin cross-chain and yield infrastructure
Performances
RD Popularity Index
RD Growth Index
Revenue & Burn
Protocol income
$26.51Buyback funds
--Burn funds
--Buyback ratio
--Protocol funds over time
Monthly amounts & ratios
| Period | Protocol income | Buyback funds | Burn funds | Buyback ratio |
|---|---|---|---|---|
| Nov 2026 | $26.51 | -- | -- | -- |
| Oct 2026 | $502.37 | -- | -- | -- |
| Sep 2026 | $603.5 | -- | -- | -- |
| Aug 2026 | $635 | -- | -- | -- |
| Jul 2026 | $559.68 | -- | -- | -- |
| Jun 2026 | $784 | -- | -- | -- |
Comparison
Team
Fundraising
Follow Updates
Follow Lists
People
About Cashmere
Cashmere is cross-chain middleware for stablecoins. A transfer is split into a burn on the source chain, attestation verification and a mint on the destination chain, using Circle CCTP for USDC and Tether USDT0 for USDT, the issuers' native rails rather than liquidity pools, so no wrapped asset is created and users receive native stablecoins. Its own Go relayer handles quoting, attestation retrieval, compliance screening and minting, at roughly USD 0.35 per transfer on Ethereum. Coverage spans EVM and non-EVM networks including Ethereum, Arbitrum, Base, BNB Chain, Avalanche, Optimism, Polygon, Solana, Sui and Aptos; the mainnet went live in September 2025.
Beyond transfers, Yield Agents applies on-chain guardrails such as venue whitelists, concentration caps and liquidity buffers to allocate idle stablecoins across Morpho, Jupiter and Euler and to rebalance across chains. Goat Street is a 6,666-piece NFT set on Robinhood Chain that distributes secondary-market royalty revenue by rarity and holding level, paying rewards into each NFT's own wallet. DefiLlama records about USD 73,000 in cumulative relayer fees. Within interoperability, Cashmere is discussed as an issuer-native stablecoin settlement layer, contrasted with pool-based bridges.
Progress: On Oct 19, Cashmere Labs published a roadmap: Goat LP, its automated liquidity tool for Uniswap v3/v4 positions on Robinhood Chain, will open to all users, followed by the Mountain product and the native CSM token—max supply 666.6M with 65% distributed via Barns and Goat—plus planned airdrops to early users; CSM had not launched as of the announcement.
Incentives: The Goat Street NFT whitelist (6,666 pieces on Robinhood Chain) ran Aug 17-19; by mid-October about 2,000 holders could register their NFTs to claim payouts in ETH or tokenized stocks funded by royalties and entry fees.
Cashmere opened the Goat Street whitelist on August 17, 2026, completed a free mint of 6,666 NFTs on Robinhood Chain in mid-to-late August, and had about 2,000 holders by mid-October. On September 6 it launched the collection's first revenue feature: NFTs earn weights of 1.00x to 7.20x based on tier and holding period, sharing a pool funded by secondary royalties and app revenue, payable in ETH or 15 tokenized equities on Robinhood Chain.
Future strategy and roadmap: Cashmere plans to widen Goat Street's settlement assets and revenue sources, continue its GOAT points seasons, and move ahead with the CSM token and airdrop once confirmed in official documentation. Cross-chain swapping remains focused on zero-slippage stablecoin transfers, with a goal of attracting more institutional and market-making flow.
0xReliq — Co-founder & CEO; leads the LayerZero-based cross-chain MEV-resistant trading architecture.