Kaskad Token Lists on MEXC as Kaspa Ecosystem Scales

@MEXCOceania has officially listed $KSKD, the governance and utility token of the Kaskad lending protocol, marking a key liquidity milestone for the broader Kaspa ecosystem.

A Structured Launch on Kaspa's Layer 2

Kaskad is a lending protocol that lets users borrow and lend crypto on the Kaspa network without intermediaries. The protocol runs on Igra L2, Kaspa's Layer 2 network, with $KSKD following the ERC-20 standard.

The rollout followed a tight, phased schedule. The KSKD mainnet opened to the public on May 24 at 12:00 UTC, with token deposits opening on MEXC the same day. The first Epoch began on May 25 at 12:00 UTC, when KSKD listing and trading also started on MEXC. Withdrawals are set to open on May 26.

The total supply of $KSKD is 1 billion tokens. According to the project's published tokenomics, the fundraising model is designed to achieve decentralised capital formation, with 20% of the total supply, equivalent to 200 million $KSKD, reserved for this purpose.

Epoch System, Staking, and On-Chain Rewards

Coinciding with the MEXC listing, Kaskad launched its first Epoch. An epoch represents a 30-day operating cycle on the protocol, roughly one active lending period. Users who stake $KSKD can increase their voting power and earn rewards within this framework.

Kaskad runs on an epoch-based system in which all on-chain activity, including supplying, borrowing, and voting, is measured over time, making participation fully transparent and ensuring contributions are recognised fairly.

Each active participant's Voting Score is calculated per epoch and combines their TVL Score and Loyalty Score, the latter reflecting their share of the $KSKD Liquid Staking Pool and total number of votes. On-chain data confirms that pending rewards are currently being distributed to eligible suppliers and borrowers, with price feeds being integrated to reflect real-time $KSKD APY boosts.

The protocol's broader ambition is to bring structured DeFi lending to Kaspa. Kaskad positions itself as the first compliant and competitive lending and borrowing protocol on Kaspa, aiming to allow users to borrow without selling their $KAS while creating value for $KSKD holders.

Sources:
Kaskad Listing Date and KSKD Mainnet Launch Details — CoinGabbar
Kaskad Tokenomics — $KSKD Utility and Governance Token Explained
Kaskad Protocol — Borrow Against Your Kaspa Without Selling It