Kaskade Finance, The cross-chain liquidity bootstrapping layer for DeFi protocols and networks. Pre-Seed was raised by Kaskade Finance, a gamified incentivization layer protocol supplier situated in Dubai, United Arab Emirates. It uses volume-focused incentives to raise more fees to liquidity pools.
Read also – Singapore based DCS raises $75m in funding
Over forty investors participated in the round, including influencers like VirtualBacon, Brian D. Evans, CryptoJack, and Marshland. Other investors included Artemis Capital, Andromeda Capital, Hercules Ventures, 369 Capital, and Crypto Oasis Ventures.
Read also – Kitchenara Raises $380,000 From Angel Investors
The money will be used by the business to increase operations and development initiatives.
Led by CEO Nathan Lenga, Kaskade Finance is a cross-chain liquidity bootstrapping layer that uses volume-focused incentives to boost fees to liquidity pools for DeFi protocols and networks. By prioritising volume and then recognising that liquidity will increase, it is developing a new mechanism to incentivize liquidity.
Nathan Lenga said: “We founded Kaskade to flip the incentive model on its head; rather than focusing on bootstrapping liquidity first, we strive to drive additional volume in the ecosystem. Our team fundamentally believes that the industry must incentivize volume, which represents demand, to create sustainable flywheels, given demand inevitably results in supply, liquidity.”
About Kaskade Finance
Kaskade Finance, The cross-chain liquidity bootstrapping layer for DeFi protocols and networks. It uses volume-focused incentives to raise the costs associated with liquidity pools.
Kaskade is developing a novel approach to encourage liquidity by prioritising volume and assuming a subsequent increase in liquidity. Through the Kaskade application, protocols with live tokens can run campaigns to engage users and boost trade volume and, consequently, liquidity.
