Cash

Token

Kaspa

<p>Kaskad (<a href="https://x.com/AppKaskad" rel="noopener noreferrer nofollow">@AppKaskad</a>), a decentralized lending and borrowing protocol built on the Kaspa network, is set to open its public mainnet on May 24 at 12:00 UTC. The team says the launch marks the beginning of the decentralized finance era for the Kaspa ecosystem.</p>
<h2 id="what-kaskad-does">What Kaskad Does</h2>
<p>Kaskad is a smart contract-powered platform that enables users to access stablecoin liquidity, such as USDT or USDC, by locking <a href="https://x.com/search?q=%24KAS&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$KAS</a> or other supported assets as collateral. The protocol was built by forking AAVE v3.3 and has been adapted for Kaspa's high-speed architecture. It launches with $250,000 in initial total value locked (TVL) and targets lending yields of 8 to 12% APY through emissions, alongside Protocol Incentives and Protocol Cash Flow allocations governed on-chain.</p>
<p>The platform runs on Igra Network, a decentralized EVM-compatible execution layer built on Kaspa's proof-of-work BlockDAG, which delivers over 3,000 transactions per second with sub-second inclusion latency. Igra Labs described Kaskad at its own mainnet launch as bringing "institutional-grade lending to proof-of-work for the first time."</p>
<h2 id="token-launch-and-exchange-listing">Token Launch and Exchange Listing</h2>
<p>Alongside the mainnet opening, the Token Generation Event (TGE) allocation claim for <a href="https://x.com/search?q=%24KSKD&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$KSKD</a> will go live simultaneously, with deposit support on <a href="https://x.com/MEXC" rel="noopener noreferrer nofollow">@MEXC</a>. Official listing and trading are scheduled to begin on May 25 at 12:00 UTC, as the protocol initiates its first operational epoch.</p>
<p>On the research side, a grant from the Kaspa Ecosystem Foundation supports a full-time oracle researcher working directly under Kaspa founder Yonatan Sompolinsky, with the goal of developing a more secure and decentralized price-feed system for the protocol.</p>
<p><strong>Sources:</strong><br><a href="https://www.kaskad.app/" rel="noopener noreferrer nofollow">Kaskad Official Website</a><br><a href="https://cryptopotato.com/igra-network-launches-public-mainnet-as-decentralized-evm-layer-on-kaspas-proof-of-work-blockdag/" rel="noopener noreferrer nofollow">CryptoPotato: Igra Network Launches Public Mainnet on Kaspa</a><br><a href="https://www.kaskad.app/about" rel="noopener noreferrer nofollow">Kaskad: About and Roadmap</a></p>

A New Lending Protocol is Launching its Mainnet on Kaspa

Table of Contents

BSCN

Other articles published on May 20, 2026

Join our free newsletter for daily crypto updates!