Welcome to Kaskad
Kaskad is a decentralized lending and liquidity protocol built for the Kaspa ecosystem. It runs on Igra, an EVM-compatible Layer 2 anchored to Kaspa's blockDAG, and enables users to supply assets, borrow against collateral, and participate in on-chain liquidity markets.
Every operation — deposits, borrows, interest accrual, liquidations, fee routing, and governance votes — is enforced by transparent smart contracts with hard-coded safety boundaries.
Core Principles
Deterministic Lending Mechanics
All financial operations are executed directly by smart contracts. There are no manual overrides, admin keys, or off-chain dependencies in the lending flow.
Bounded Governance
Protocol parameters operate inside predefined on-chain ranges. Governance participants can tune settings — but can never disable safeguards or push values below hard-coded safety floors.
Verifiable Resource Flows
All emissions, protocol fees, and treasury movements are routed through immutable smart-contract vaults. Every token flow is auditable on-chain with no third-party custodians.
What Makes Kaskad Different
Kaskad is the first serious DeFi lending infrastructure on Kaspa — a proof-of-work blockDAG running at 10 blocks per second. It combines battle-tested lending mechanics adapted from established, widely deployed money-market architectures with custom protocol modules designed to reward sustained, genuine participation over short-term extraction.
Key differentiators include bounded governance that prevents hostile takeovers, epoch-based incentives that discourage mercenary capital, a dual treasury with an immutable 65/35 split, and a cross-chain integration via Hyperlane supporting 100+ networks from day one.
Quick Links
| Topic | Description |
|---|---|
| Why Kaskad | Value proposition and competitive positioning |
| Architecture | Four-layer protocol stack |
| Lending Mechanics | How supplying, borrowing, and liquidations work |
| Bounded Governance | Governance model and safety boundaries |
| Tokenomics | $KSKD token distribution and utility |
| Incentives & Emissions | Epoch-based reward system |
| Cross-Chain | Hyperlane integration and multi-network access |
Protocol at a Glance
| Property | Value |
|---|---|
| Execution Layer | Igra (EVM-compatible L2 on Kaspa) |
| Settlement Layer | Kaspa L1 blockDAG (PoW, 10 BPS) |
| Lending Framework | Battle-tested money-market architecture |
| Cross-Chain | Hyperlane (100+ networks) |
| Token | $KSKD (1B fixed supply) |
| Governance Model | Bounded, activity-weighted |
| Treasury Split | 65% DAO / 35% Operational (immutable) |
| Compliance | MiCA-aligned framework |
| Entity | POW Incentives S.A. (BVI) |