Kaskade Finance closes oversubscribed Pre-Seed funding round

Kaskade Finance, a gamified incentivization layer protocol, have announced the closure of its pre-seed funding round from over 40 investors.

Nathan Lenga, Co-Founder and CEO of Kaskade Finance, tabled the MVP to go live in August, and to continue to build a world-class team that will make certain Kaskade Finance is the premier liquidity incentivization layer for all of DeFi.

The oversubscribed pre-seed round had participation from over 40 investors, some of which include Marshland, NxGen.xyz, Artemis Capital, Andromeda Capital, Hercules Ventures, 369 Capital, Crypto Oasis Ventures, as well as influencers, including VirtualBacon, Brian D Evans, CryptoJack and more.

Kaskade already has a shortlist of protocols asking to collaborate in order to leverage its incentivization mechanism to bootstrap volume and liquidity; the first of which being Redacted Finance.

“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,” said Lenga.

The first campaign will launch mid-March, in collaboration with Redacted Finance, with up to $30,000 USD in $BTRFLY rewards available for all participants. Not only is there a large rewards pool, but also a gas rebates program that frequent traders can avail themselves of.