Multi-asset lending on Igra, anchored to Kaspa

Kaskad is a non-custodial lending protocol built on Igra, an EVM-compatible Layer 2 anchored to Kaspa L1’s blockDAG via GHOSTDAG proof-of-work. Users supply listed assets (USDC, USDT, USDS, iKAS, cbBTC, wETH, wstETH, SOL) into per-asset liquidity pools to earn variable interest, or borrow another listed asset against their collateral. Loan-to-value ratios, liquidation thresholds, and liquidation penalties are configured per asset within governance-bounded ranges with hard floors enforced at the contract level. The protocol is built around the Kaskad COB Oracle (V1: Composite Order Book aggregation, TEE-based ingestion, and composite anomaly detection; V2 R&D: trustless Kaspa-aligned design), an immutable 65/35 treasury routing between DAO and Operations, bounded governance with a 48h timelock and 24h challenge window, activity-based incentives, and permissionless partial liquidations. Kaskad is built for both humans and autonomous AI agents — agents interact directly with the protocol via the open-source MCP server. Audited by Sherlock and operated by POW Incentives S.A. (BVI).

Live on Igra testnetPublic testnet

Use your KAS.
Without
selling it.

The governed lending platform on Igra, an EVM Layer 2 sequenced on Kaspa, the fastest POW on earth. Supply assets, borrow against any of them, and receive participation-based incentives in KSKD. Priced by a novel COB oracle. Built for humans and AI agents alike.

Start supplying How it works
KAS price—
OracleCOB Oracle
AuditorSherlock
Live markets
TESTNET
KAS price
—
— 24h
Listed assets
7
multi-collateral
Supply APYper-asset
Variableutilization-driven
USDC · USDT · cbBTC · wETH+ iKAS · USDS · SOL
Multi-asset lending on Igra · also supports
USDCUSDTcbBTCwETH+ more
01 / Supply

Supply assets.
Stay active.
Claim incentives.

Deposit any supported asset (USDC, USDT, iKAS, cbBTC, wETH and more). Interest accrues from borrower activity, in real time, with no lock-ups. Maintain supply uptime to accumulate KSKD incentive claims.

Per-asset utilization curves

Rates set themselves,
asset by asset.

Each pool runs its own utilization curve. As demand rises, supply APY and borrow APR move up in lockstep — no committee, no oracle latency in the rate-setting itself.

Variable APY

Per asset, demand-driven.

Supply APY follows real demand. Stay active, accumulate KSKD incentives on top.

Kaspa
aToken model
1:1 receipt · interest accrues continuously
HUMANAI AGENTdAppdirectPROTOCOL

Composable positions

Kaskad's on-chain architecture is fully accessible via smart contract calls. Humans interact through the dApp. AI agents interact directly with the protocol, no intermediary layer needed.

USDCisolatediKASliq.event herecbBTCunaffectedwETHunaffected

Isolated Pools

Each asset lives in its own pool. A liquidation event in one market does not affect your position in another. Your exposure stays where you put it.

venue Avenue Bvenue CCOBwETHLTV 75%

Deep floors, no cliffs

Per-asset rate curves keep utilization in healthy bands. Each listed asset goes through a risk assessment before launch: LTV, slope parameters, and utilization caps are set based on historical volume and liquidity data from the COB oracle.

02 / Borrow

Borrow against
what you already hold.

Supply any supported asset and borrow against it without giving up your position. Variable rates driven by real utilization. Partial liquidations only. Full self-custody, on-chain, always.

Per-asset LTV
USDC ~85%
Per-asset LTV
iKAS ~30%
Borrow APR
Variable
Liquidations
Partial only
Borrow
iKAS
Supplied · 50,000 iKAS
~30%
cbBTC
Supplied · additional collateral
col.
Health factor
2.34 · Safe
88%
USDC
Borrowed · 1,200 USDC
~25%
03 / How it works

Three steps. One position.

Kaskad hides the machinery. You or your AI agents connect, pick an asset, supply and borrow. The protocol (Igra L2 settlement, Kaspa L1 sequencing, COB oracle pricing, bounded governance) handles the rest, and you can unwind any time.

HUMANAI AGENTWALLET0x4f7c…a2e1KASKAD dAPPlinked· · ·

Connect any EVM wallet

MetaMask, Rabby, Frame, hardware wallets — any EVM signer works on Igra out of the box.

iKASSupplyBorrow……↑ 4.8% APY↓ 2.1% APY

Pick an asset, supply or borrow

Supply assets to borrow any supported asset, and receive participation-based incentives. One UI, one flow.

SETTLEDtx · 0x9a2…f7c1block #2,847,310 · finalized in 0.4s

Position settles on Igra

Every state is on-chain. Visible on the Igra block explorer. Unwind any time, subject to pool utilization.

04 / Common questions

You may be wondering…

Is my iKAS actually self-custodied?
Yes. Kaskad is a non-custodial protocol audited by Sherlock. Supplied assets sit in audited Igra smart contracts and are redeemable 1:1 (subject to pool utilization) at any time.
How are APYs calculated?
Each asset has its own utilization curve. As utilization rises, both supply APY and borrow APR move up in lockstep, so the market self-balances. Rates update on every transaction.
What happens if my loan gets liquidated?
If your health factor falls below 1.0, your position becomes eligible for partial liquidation. Any liquidator can repay part of your debt and receive an equivalent amount of your collateral plus a per-asset penalty. Only enough is liquidated to bring you back above 1.0 — the rest of your collateral stays yours.
Which wallets are supported?
Any EVM-compatible wallet works on Igra: MetaMask, Rabby, Frame, Coinbase Wallet, hardware wallets via WalletConnect or direct signers. Kaskad does not require a Kaspa-specific wallet.
Is Kaskad open source?
Yes. Kaskad’s custom modules — incentives, immutable 65/35 treasury routing, bounded governance, and the COB Oracle layer — are open source. The over-collateralized lending core is built on battle-tested smart contracts proven across DeFi. Sherlock audit reports are published with each release.
Ready when you are

Liquidity that cascades, not drains.

Connect any EVM wallet, deposit a supported asset, and start earning in under a minute on Igra testnet.