Kaskad

The long awaited Kaskad dApp is now LIVE on @Igra_labs Galleon Testnet! Link: testnet.kaskad.live Use our integrated faucet to claim your first 100 iKAS and directly mint testnet USDC, IKAS, IGRA, WETH & WBTC and start supplying/borrowing assets right away. Monitor your position, manage your health factor, and get ready to claim your first testnet KSKD in a few days! Use it, break it and share feedback in our official Discord server opening now. This is what this testnet is for: discord.gg/etdwB5dA Have fun on Galleon Testnet! Quick start guide below 👇

🚀 Stablecoin Bridge Now Live Inside KaspaCom Bridge major stablecoins like USDC, USDT and more directly through KaspaCom DEX. Bridge → defi.kaspa.com/bridge More chains. More utility. More users on Kaspa. ⚡️

Of the six networks in OpenZeppelin's 2026 risk assessment, only Ethereum and Solana run more than one execution client in production. BSC, TRON, XRPL, and Canton all have 100% single-client concentration. Our research in progress demonstrates execution equivalence between two independent EVM implementations on Igra: IgReth (Reth fork optimized for high performance) and Ethrex (minimalist, ZK-native implementation of the Ethereum protocol by LambdaClass). It also validates that Igra's adapter pipeline is client-agnostic. The execution layer can be swapped without modifying the sequencing relationship with Kaspa L1. Full paper, abstract, and technical breakdown in the next posts. @ethrex_client @class_lambda @OpenZeppelin

Our external audit with @sherlockdefi is now complete, thanks for the review! Kaskad's custom code, which includes the whole incentive and governance layers, is now done and publicly available: github.com/Kaskad-Lending…

@eliottmea @Srodland 👀

@Srodland yeah, my oracle 🙃

Unpopular opinion: $QUBIC's decentralized oracles are built right into the protocol. No third-party dependency. No single oracle operator. No Chainlink subscription fees. 676 Computors validate external data through Quorum consensus (451/676 agreement). Most decentralized oracle system I've come across in crypto. Know of anything better? #Qubic #DOGE #Crypto You'll remember this tweet.

'kaskad-nuntius': latin for "messenger." A trusted bearer of news. That's the name Anton @oxidique chose for @eliottmea's oracle on-chain repos, and it's literal: a permissionless, TEE-secured messenger that delivers verifiable prices on-chain. ☑️It's now open source. Code is public ahead of mainnet. Under the hood: a Consolidated Order Book (COB) model. Instead of pulling a single feed or a volume-weighted average, Nuntius aggregates limit order books across venues and simulates cross-exchange arbitrage exhaustion. The midpoint is the fair value. Direct consequence: spoofing or manipulating a single venue doesn't move the oracle. Manipulation cost scales with cross-venue liquidity, not with the cost of pushing one book. The harder a real price is to fake, the harder Nuntius is to fool. Price computation runs inside a TEE: the operator can't tamper with the output. What you read on-chain is what the trusted environment signed. Two repos: Infra & price processing github.com/Kaskad-Lending… Onchain EVM client github.com/Kaskad-Lending… Two delivery modes share the same signed prices: — Push for continuous feeds — Pull for protocols that only consume prices when they need them Pick what fits your gas profile. Permissionless and extendable: Anyone can run a node. Anyone can integrate. Self-hosted nodes and custom data sources plug in without forking the core. Useful beyond lending — L1, L2, DEXes, perps, structured products @kaspaunchained @Igra_Labs @kasplex Before mainnet, we welcome community and DeFi researchers to review it. Open audit beats closed audit. Issues, PRs, DMs welcome. Bounty program is next.

7/ The new opportunity to support us Pre-genesis community round opens tomorrow. Co-hosted with @CNinja75788, gated to the Kaspa community. Round valuation: $8.5M FDV. $650K hard cap. 7.5% of total KSKD supply up for grabs 10% TGE unlock — 6mo cliff — 18mo linear vesting. Investments: USDC on Base. Last guaranteed entry before at a fixed price before launch, get in before the cascade begins! Allocations aggregated via @CNinja75788.

6/ What's between now and mainnet → Final Sherlock audit report (pending) → Oracle audit completion (ongoing) → KSKD vesting module testing (testnet imminent) → Initial LP program completion Once audits are published, we will announce the official mainnet launch date!

Announcing the Kaskad pre-genesis community round. 1/ Between our first community round and today, we shipped what the foundation of what is set to be one of the main lending platforms on the Kaspa ecosystem. We've seen amazing support around our project, and we're happy to share what's next for Kaskad. Some receipts ↓

Happy to support those on Kaskad!

Thank you everyone for your suggestions! Here is the plan moving forward - Because of ongoing X DM issues (messages simply aren’t reaching people reliably anymore), so have decided to start posting publicly about our guest openings going forward. On Kaspa Core front - where we at currently with some of the brilliant minds: @hashdag – We reached out publical (no response) x.com/xximpod/status… x.com/xximpod/status… @michaelsuttonil – Covenants++ (politely declined earlier due to being very busy) @OriNewman – SilverScript (no response yet) @hus_qy – ZK (no DM’s allowed) would love to discuss and focus on ZK  @coderofstuff_ – (declined earlier) If we missed anyone please let us know. Outside of core, these are other couple of topics we are waiting on- @KaspaKii - on Warpcore  Kaspa L1 & Kaspa L2s together - x.com/xximpod/status… As always, our focus is no hype / no price action just real honest passionate conversation.

Kaspa is a magnet for bright minds.

ETH restaking vs KSKD staking: a thread 1/ On April 18, 2026, ~$100–293M was drained from Aave V3/V4 via the rsETH/KelpDAO exploit. The mechanism: a bug in KelpDAO's bridge allowed minting rsETH without depositing real ETH. That unbacked rsETH was used as collateral on Aave → borrowed real assets → bad debt left behind. Not a bug in Aave per se, rather a broken trust chain upstream. 2/ What stKSKD actually is On Kaskad, stKSKD exists for a completely different purpose: governance, not leverage. To vote on protocol parameters, you need to: ☑️ Stake KSKD → receive stKSKD (1:1, backed by locked KSKD) ☑️ Have supplied capital to the protocol (TVL requirement) ☑️ Have maintained that supply for a meaningful % of our 30-day epoch system No TVL in the pool = no voting weight. Skin in the game is mandatory = verifiable on-chain proof of participation. 3/ How voting weight is calculated Voting weight = TVL component + loyalty term ↪️ TVL component: your share of protocol supply × uptime score (need ≥90% epoch uptime to qualify — governance-adjustable between 80–92.5% by voters themselves) ↪️ Loyalty term: your stKSKD share of the vault × a time-boost (saturating curve, grows fast, plateaus) + lifetime vote count You can't game it with a flash stake the day before a vote: the time-weighted holding duration in `StKSKDVault.holdingDuration()` is the core input. 4/ Why the mint is isolated stKSKD mint logic is intentionally simple and isolated: `safeTransferFrom(KSKD) → then _mint(stKSKD)` stKSKD is not using any external bridge. No price ratio. No ERC-4626 share math that can be manipulated. 1:1, hardcoded. If the KSKD transfer fails, nothing is minted. This is the structural opposite of what happened to rsETH. 5/ Why KSKD was designed as a utility token KSKD was designed as a utility token backed by a legal opinion (see: x.com/i/status/20008… ) We're not in the overleveraging game. Our focus: better oracle design, healthier lending game theory, and transparent protocol fee allocation based on weighted proof of participation = where your governance power is earned by the value you actually provide to the protocol. 6/ The bigger point The rsETH exploit is a composability risk story — collateral damage from the permissive way DeFi has let human greed get encoded into protocol design. Existing DeFi can be better, and needs to be. The good news: builders across the #Kaspa ecosystem are tackling this from multiple angles. Lending, oracles, game theory, Stag Hunt... the design space is wide open. We're early on a path toward a more principled DeFi. One where participation is earned, incentives are honest, and the primitives are actually safe. That's what's being built on Kaspa. And it's just getting started.

Hey Chris, we're going to start supporting bluechip assets that are already available via @hyperlane, namely USDC, USDT, USDS, cbBTC, stETH, SOL + iKAS of course. Then ,e'll progressively add other assets like IGRA or KSKD once their respective liquidity levels are good enough 🤝

Hey @AppKaskad - when can we borrow against our $IGRA bags? 🛍️ Asking for a few hundred friends.

After stress testing the algorithm and infra, @eliottmea's Condensed Order Book oracle is live on testnet.kaskad.live! This is the price engine that powers Kaskad's lending markets. No-arbitrage pricing of assets aggregated across all venues, manipulation-resistant by design. Final audits before mainnet release and full Kaspa ecosystem availability. We're on the finishing line!