Our mission

Let you use your Kaspa in everyday life — without selling it.

Four layers. One protocol.

Kaskad turns your iKAS into liquidity while keeping you fully exposed to Kaspa's upside.

See how it works
The four layers

Each layer, purpose-built.

01

COB Oracle

Kaskad aggregates real-time bid/ask depth from 15+ major CEX into a Consolidated Order Book, runs an arbitrage-exhaustion pass, and derives a fair price from the residual spread. The result is published on a sub-second cadence from inside a TEE-attested enclave. Manipulation cost scales with aggregate cross-venue depth and is mathematically bounded.

02

Smart Contract Core

Battle-tested lending components with custom tokenomic logic and applied game theory layered on top. Isolated pools per asset. Partial liquidations only. Fully on-chain, callable by any EVM wallet or AI agent.

03

Incentive Layer

Epoch-based, on-chain monitoring tracks every user's supply and borrow uptime participation continuously. Protocol incentives are claimable by users who prove verifiable, sustained protocol support. Flash loan attacks and passive position gaming are structurally excluded.

04

Governance Layer

Stake KSKD and maintain an active liquidity position to vote on parameter adjustments. Voting power combines a TVL Score (time-weighted, uptime-adjusted) and a Loyalty Score (cumulative voting history). All adjustable values are bounded at the contract level.

Tom
Use case · long-term holder

Meet Tom

Tom owns 50,000 KAS and believes in Kaspa long-term. He needs $1,200for next semester's tuition, but doesn't want to sell — every coin he offloads now is an upside he won't get back.

Tom bridges his KAS to iKAS in one click and supplies it on Kaskad. He supplies his iKAS as collateral and borrows USDC at a variable rate. With iKAS at a launch LTV of ~30%, he can borrow up to roughly $1,400 against his $4,800 of iKAS — he chooses to stay conservative at $1,200 (~25% LTV) to leave a healthy buffer.

!
Tom monitors his health factor in-app. If KAS drops sharply, he can repay part of the loan or top up his collateral. If HF falls below 1.0, partial liquidation trims the position back to safety with a per-asset penalty applied — Tom never loses more than what's liquidated.
iKAS supplied
50,000 iKAS · open term
~$4,800
USDC borrowed
~25% LTV · variable rate
$1,200
Upside preserved
If KAS doubles · Tom keeps 100%
+100%
Health factor
Partial liquidation if HF < 1.0
2.34
Base Supplier APY
paid by borrowers · variable
4%
KSKD APY Boost
epoch-gated · stake + uptime
6%
Voting power
TVL Score + Loyalty Score
0.03%
Get Liquidity
Use case · autonomous agent

Building an autonomous strategy?

Kaskad ships with an open-source MCP server so AI agents can supply, borrow, monitor, and rebalance positions on their own — through the same contracts as humans.

See Kaskad for AI Agents
Liquidity unlocked

Borrow once. Deploy anywhere.

Spend it

Borrow stablecoins against your iKAS and use them directly. Load your Tangem card and spend via Tangem Pay at any merchant, book travel, cover expenses, or finance a project. Your KAS position stays open. You never sold.

iKAS suppliediKAS50,000borrow USDCTangem PayTravalaVisa · TangemMerchant POSspend without sellingposition stays open · KAS exposure preserved

Put it to work

Bridge borrowed USDC to any EVM chain and deploy into yield strategies: liquidity pools on Zealous, spot and futures trading on MEXC, vault strategies, prediction markets, or leverage loops back into Kaskad. Use an AI agent to monitor positions, rebalance allocations, and optimize net APY across the stack. One borrow, composable across the entire ecosystem.

HUMANAI AGENTBORROWEDUSDCKaskadloop · +APYZealousLP · 12% APYMEXCfuturesBase L2yield · 8%one borrow · composable across the stack

Kaspa brings PoW finality and sovereignty natively. Igra brings EVM execution, sub-second block times and MEV resistance as a based rollup, sequenced on Kaspa's L1. Kaskad is built on both, by design, for the next generation of on-chain finance: humans and AI agents operating on the same open infrastructure.

Julien Daubert
Julien Daubert
CTO · Kaskad
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