Cascade FAQ
FAQ covering how the CLS works and how points are earned, and what happens to funds during and after the First Wave.
Cascade's Liquidity Strategy (CLS) is the protocol’s native liquidity strategy. Analogous to vaults on other platforms, and the CLS helps underwrite orderbook depth, liquidation flows for the platform, and in the future, allow for margin lending.
Cascade continuously distributes a fixed pool of points to CLS pre-allocators. Your share is based on your percentage of the total pre-allocation, up to the global cap.
- 100% of your own pre-allocation
- Up to 20% of your direct invitees’ pre-allocations, as a bonus
- Up to 20% of their 20%, recursively, as another bonus
Your share of the points pool remains flexible until the cap is filled. Once full, your share becomes fixed, locking in your portion of future emissions for that phase or until the cap increases.
- Points earned during the First Wave are permanently tied to your Cascade account and carry over when the CLS and trading go live.
- Pre-allocated funds remain locked until the CLS and trading go live.
- To claim your full points, you must keep these pre-allocated funds in the CLS for 30 days after the CLS and trading go live.
- After the CLS and trading go live, you may withdraw at any time, but if pre-allocated funds are withdrawn before the 30 day period ends, your accrued points will be clawed back.
- You may withdraw your deposits at any time, but if pre-allocated funds are withdrawn before the CLS and trading go live, your accrued points will be clawed back.
After launch, you’ll earn points by allocating to Cascade’s Liquidity Strategy, by trading on the venue, and from your invitees’ activity.