"We've just crossed $2,000,0000 TVL on Kaskad"
For those new to DeFi, TVL stands for Total Value Locked. It’s the total value of assets that users have deposited into a protocol.
In Kaskad’s case, that means users have supplied over $2 million worth of assets to the platform. Those assets help power the lending and borrowing system and are counted as part of the protocol’s TVL.
Also, with the first Epoch, or participation period, ending in just under two weeks, users who have kept assets supplied or borrowed on Kaskad throughout that period will soon be able to claim their first
$KSKD token distribution.
Why is this such a big deal for
#Kaspa? Because it represents people actually using financial tools built on
#Kaspa, not just holding
$KAS.
👥For users, it creates new ways to put capital to work. 👩💻For developers, it demonstrates demand for more advanced applications.
⚙️And for Kaspa itself, it is another step toward a broader ecosystem of services and real-world utility being built on the network.
🎹How will Toccata hard fork update (June 30) better enable lending protocols like
#KasKad?
⚙️ More transactions processed in parallel.
🌐 More users interacting with applications at the same time.
⏱️ Faster updates to lending and borrowing activity.
🏗️ Better support for applications that require frequent on-chain interactions
Congrats,
@AppKaskad !
#BuildonKaspa
#PoweredByKaspa
We've just crossed $2,000,0000 TVL on Kaskad
Thank you for your support!
Remember: 13D, 5H remaining before the end of our first Epoch, after what those who've kept their supply & borrow positions on Kaskad will get to claim their first KSKD allocation.
Iygwg*
*If you grow we grow