Final Pre-allocation Event
The final pre-allocation event into Cascade’s Liquidity Strategy (CLS) will take place on Wednesday, January 21 at 12:00 PM ET.
This is the final opportunity to pre-allocate funds and earn rewards ahead of trading going live on Cascade.
Overview
An additional $5,000,000 in CLS pre-allocations will be made available during a fixed 24-hour window starting at the time above.
Any user with a valid Cascade invite code and access to the app is eligible to participate.
Allocation Mechanics
Users may deposit funds and request a pre-allocation amount at any time over 24 hours. No more First-Come First-Served. All final allocations are scaled proportionally. The new allocation mechanics ensure fairness across all users who have received an invite code to Cascade and wish to pre-allocate to the CLS.
- Users may request a pre-allocation at any point during the 24-hour window.
- All requested funds are locked until the end of the pre-allocation window.
- Users may increase their requested pre-allocation during the window.
- Users' final pre-allocation amount will be proportional to their requested amount.
- This is only for this round and does not affect prior pre-allocations.
If total requested pre-allocations exceed the $5M phase cap, all requested amounts will be scaled proportionally.
Any funds in excess of the $5M phase cap will be returned to users’ account balances once the window closes and can be withdrawn. The cap will not be changed.
Below are some examples:
Scenario 1: Pre-allocation cap is oversubscribed by 2X
| User | Requested | Final Allocation | Refunded |
|---|---|---|---|
| A | $200,000 | $100,000 | $100,000 |
| B | $40,000 | $20,000 | $20,000 |
| C | $10,000 | $5,000 | $5,000 |
Scenario 2: Capacity is met exactly with no oversubscription
| User | Requested | Final Allocation | Refunded |
|---|---|---|---|
| A | $200,000 | $200,000 | $0 |
| B | $40,000 | $40,000 | $0 |
| C | $10,000 | $10,000 | $0 |
Scenario 3: Unused capacity
| User | Requested | Final Allocation | Refunded |
|---|---|---|---|
| A | $200,000 | $200,000 | $0 |
| B | $40,000 | $40,000 | $0 |
| C | $10,000 | $10,000 | $0 |
Pre-Allocation Request Process:
| Step | Description |
|---|---|
| Step 1 | Ensure you have funds deposited. Any user with an invite code may deposit into their account. There is no per-user maximum on requested pre-allocations.
|
| Step 2 | Once your account is funded, request a pre-allocation during the window. There are no limits to the amount of times you may request.
|
| Step 3 | After the window closes, your final pre-allocation amount will be confirmed. Any excess funds beyond the cap will be returned to your account balance and can be withdrawn.
|
Invite Codes
Invite code distribution will pause 12 hours prior to the pre-allocation window opening and will remain paused until the window has fully completed.
This event is the final pre-launch opportunity to participate in the CLS and earn rewards before trading goes live.