Kaskade finance, a gamified incentivization layer protocol, simply introduced the closure of its pre-seed funding spherical from over 40 buyers.
Kaskade Finance
Nathan Lenga, CEO of Kaskade, tabled the MVP to go stay in August, and to proceed to construct a world-class staff that can make sure Kaskade Finance is the premier liquidity incentivization layer for all of DeFi.
The oversubscribed seed spherical had participation from over 40 buyers, a few of which embrace Marshland, NxGen.xyz, Artemis Capital, Andromeda Capital, Hercules Ventures, 369 Capital, Crypto Oasis Ventures, in addition to influencers, together with VirtualBacon, Brian D Evans, CryptoJack and extra.
Kaskade already has a shortlist of protocols asking to collaborate in an effort to leverage its incentivization mechanism to bootstrap quantity and liquidity; the primary of which being Redacted Finance.
“We based Kaskade to flip the inducement mannequin on its head; slightly than specializing in bootstrapping liquidity first, we try to drive extra quantity within the ecosystem. Our staff essentially believes that the trade should incentivize quantity, which represents demand, to create sustainable flywheels, given demand inevitably leads to provide, liquidity”, – mentioned Nathan Lenga, CEO and co-founder of Kaskade Finance.
The primary marketing campaign will launch mid-March, in collaboration with Redacted Finance, with as much as $30,000 USD in $BTRFLY rewards accessible for all contributors. Not solely is there a big rewards pool, but in addition a gasoline rebates program that frequent merchants can avail themselves of.
About Kaskade Finance:
Kaskade Finance is the cross-chain liquidity bootstrapping layer for DeFi protocols and networks that leverage quantity centered incentives to extend extra charges to liquidity swimming pools. Kaskade is creating a brand new mechanism to incentivize liquidity, first emphasizing on quantity, with the understanding that liquidity will subsequently enhance.
Protocols with stay tokens can create campaigns by means of the Kaskade utility, partaking their customers to extend buying and selling quantity and accordingly liquidity. These protocols will put up rewards in any token to incentivize their customers to commerce extra continuously, with customers having the ability to declare these rewards on the finish of the week.
Maintain updated on all updates for Kaskade Finance by following their socials.
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