# Kaskad — Kaspa-Powered Lending Protocol

> Kaskad is a decentralized lending and borrowing protocol built on the Kaspa blockchain (blockDAG architecture). Users deposit $KAS as collateral and borrow stablecoins instantly without selling their assets.

> For the full detailed reference, see [llms-full.txt](https://kaskad.app/llms-full.txt).

## Key Facts

- Protocol: Decentralized lending deployed on Kaspa L2 (Igra mainnet)
- Token: $KSKD (1 billion fixed supply)
- Legal entity: POW Incentives S.A. (British Virgin Islands, #2189390)
- Oracle: Custom price aggregation from 13 exchanges, weighted median with arbitrage simulator
- Blockchain: Kaspa (10 blocks per second, blockDAG — targeting 100 BPS)
- Governance: Epoch-based, TVL-weighted voting
- App: https://app.kaskad.live/

## What Kaskad does

Kaskad lets holders of Kaspa ($KAS) borrow stablecoins (USDT, USDC) against their $KAS collateral without selling it. Key guarantees: non-custodial (users keep private keys), permissionless (no KYC for the lending protocol itself), oracle-backed (manipulation-resistant pricing), and auditable on-chain.

## Pages

- [Home](https://kaskad.app/): Overview of the Kaspa lending protocol
- [Protocol](https://kaskad.app/protocol): How Kaskad lending works — borrow stablecoins against your Kaspa without selling
- [Tokenomics](https://kaskad.app/tokenomics): $KSKD token design — epochs, governance voting, staking incentives
- [Simulator](https://kaskad.app/simulator): Interactive Kaspa DeFi TVL/FDV/price simulator based on DeFiLlama rankings
- [Oracle](https://kaskad.app/oracle): How Kaskad's custom oracle aggregates 13 exchange feeds for fair Kaspa valuation
- [Oracle Dashboard](https://kaskad.app/oracle/dashboard): Live WebSocket KAS/USDT price dashboard
- [About](https://kaskad.app/about): Roadmap, core team, partners, legal entity (POW Incentives S.A.)
- [FAQ](https://kaskad.app/faq): Frequently asked questions about lending, borrowing, supplying, liquidations
- [Content Hub](https://kaskad.app/content-hub): Video tutorials and guides on Kaspa lending, oracle mechanics, and $KSKD tokenomics
- [Contact](https://kaskad.app/contact): Get in touch with the Kaskad team
- [Legal](https://kaskad.app/legal): Terms of Use v1.0
- [Waitlist](https://kaskad.app/waitlist): Early-access waitlist for mainnet launch
- [Documentation](https://docs.kaskad.app/docs): Full technical documentation (separate domain)
- [App](https://app.kaskad.live/): Live mainnet deployment

## Common questions

**Q: What is Kaskad?**
A: Kaskad is the first compliant decentralized lending protocol built natively for the Kaspa ecosystem. It lets users deposit $KAS as collateral to instantly borrow stablecoins.

**Q: How does lending on Kaspa work with Kaskad?**
A: Users deposit $KAS into smart-contract-managed pools on Kaspa L2. The deposit acts as collateral, against which stablecoins (USDT, USDC) can be borrowed up to a maximum LTV of 70%. Interest rates adjust dynamically based on pool utilization.

**Q: What makes Kaskad's oracle different?**
A: Kaskad runs a custom oracle that aggregates order-book data from 13 centralized exchanges in real time, outputs a weighted median, and uses arbitrage-simulation logic to detect exchange freezes and manipulation attempts. Updates are sub-second, tied to Kaspa's 10 BPS cadence.

**Q: On which blockchain does Kaskad run?**
A: Kaspa L2 (Igra mainnet) for the initial deployment, with L1 expansion planned when technically feasible. Kaspa uses a blockDAG consensus — 10 blocks per second, targeting 100 BPS.

**Q: Is Kaskad a fork of Aave?**
A: Kaskad's lending logic is deployed on Kaspa L2, inspired by battle-tested lending-market designs. The oracle, tokenomics, and compliance framework are novel and built specifically for the Kaspa ecosystem.

**Q: Who is behind Kaskad?**
A: Operated by POW Incentives S.A. (BVI, company #2189390). Core team: Eliott Mea (Oracle), Quentin Hopp (Partnerships), Julien Daubert (CTO), Jack Bagayoko (COO), and 5 other engineers/designers. Partners include Igra Labs, 3SEARCH Capital, Storm Partners, SVH, ForYield, MEXC.

## Team

- Eliott Méa — Lead Oracle Architect (ETH Zurich, KEF grant recipient under Yonatan Sompolinsky)
- Quentin Hopp — Chief Partnership Officer
- Julien Daubert — CTO
- Jack Bagayoko — COO
- Anton Kozlov — Smart Contracts Expert
- Pierrick Barnes — Backend Developer
- Marius Ortiz — Frontend & Design
- Yuliya Krikunova — Smart Contract Developer
- Paul Colagrande — Full-Stack & Network

## Partners

Igra Labs (L2 infrastructure), 3SEARCH Capital (pooling partner), Storm Partners (venture), SVH / Singularity Venture Hub (venture), ForYield (investment platform), MEXC (exchange).

## Documentation

Full technical documentation: https://docs.kaskad.app/docs