The Cascade First Wave

The Cascade First Wave is an invite-only rewards program for early participants.

Participants can earn Points ahead of Cascade’s public launch by pre-allocating funds into Cascade's Liquidity Strategy (CLS) and growing their invite network. The CLS is analogous to vaults on other platforms, and helps underwrite orderbook depth, liquidation flows for the platform, and in the future, allow for margin lending.

Points earned during this phase are permanently tied to your Cascade account and carry over once the trading venue goes live.

Once invited, you can:

Deposit funds into your Cascade account and begin participating in the First Wave.

Pre-allocate into the CLS to start earning points.

Invite others and earn a share of their activity through your network.

Invite Codes

Invites expand your network and allow you to earn points based on the activity of others.

How it works

Each invite creates a lineage, connecting users together.

You'll collect up to 20% of every user's points you invite, 20% of what they earn from their own network, and so on.

This applies during the First Wave period as well as when trading becomes available.

Invite Codes

Codes are single-use and expire after 24 hours once dropped to you.

New codes are distributed randomly to participants in the network at set intervals.

Inviting more active participants strengthens your lineage and increases your point potential.

Earning Points

Participants of the First Wave are able to earn points through CLS Pre-Allocations.

CLS Pre-Allocations (coming soon)

Pre-allocations are funds committed to the CLS.

When you commit funds into the CLS, you earn points in proportion to your share of the total pre-allocated funds across all users.

Only funds deposited into the CLS earn points.

Your share of the global points distribution is proportional to your pre-allocated value.

How it works

Deposit funds into your Cascade account.

Your balance appears as your Available Balance.

From there, pre-allocate any portion into the CLS.

Once pre-allocated, those funds begin generating points.

Caps

The CLS has a global cap representing the maximum total that can be allocated across all users.

Once the cap is reached, new pre-allocations will not generate points, and you will not be able to pre-allocate further.

The global cap will increase periodically.

Lock Period & Clawback

Once you pre-allocate to the CLS, those funds are locked during the pre-allocation period and remain locked until the CLS and trading go live.

You earn points on your pre-allocated funds in the CLS.

To claim your full points, funds must remain in the CLS for 30 days after the CLS and trading go live.

After the CLS and trading go live, you may withdraw from the CLS at any time, but any withdrawal of pre-allocated funds before the 30 day period ends will result in forfeiting accrued points.

Deposits that are not pre-allocated can be withdrawn at any time without impact.

The Cascade First Wave is an invite-only rewards program for early participants.

Points earned during this phase are permanently tied to your Cascade account and carry over once the trading venue goes live.

Once invited, you can:

Deposit funds into your Cascade account and begin participating in the First Wave.

Pre-allocate into the CLS to start earning points.

Invite others and earn a share of their activity through your network.

Invite Codes

Invites expand your network and allow you to earn points based on the activity of others.

How it works

Each invite creates a lineage, connecting users together.

You'll collect up to 20% of every user's points you invite, 20% of what they earn from their own network, and so on.

This applies during the First Wave period as well as when trading becomes available.

Invite Codes

Codes are single-use and expire after 24 hours once dropped to you.

New codes are distributed randomly to participants in the network at set intervals.

Inviting more active participants strengthens your lineage and increases your point potential.

Earning Points

Participants of the First Wave are able to earn points through CLS Pre-Allocations.

CLS Pre-Allocations (coming soon)

Pre-allocations are funds committed to the CLS.

When you commit funds into the CLS, you earn points in proportion to your share of the total pre-allocated funds across all users.

Only funds deposited into the CLS earn points.

Your share of the global points distribution is proportional to your pre-allocated value.

How it works

Deposit funds into your Cascade account.

Your balance appears as your Available Balance.

From there, pre-allocate any portion into the CLS.

Once pre-allocated, those funds begin generating points.

Caps

The CLS has a global cap representing the maximum total that can be allocated across all users.

Once the cap is reached, new pre-allocations will not generate points, and you will not be able to pre-allocate further.

The global cap will increase periodically.

Lock Period & Clawback

Once you pre-allocate to the CLS, those funds are locked during the pre-allocation period and remain locked until the CLS and trading go live.

You earn points on your pre-allocated funds in the CLS.

To claim your full points, funds must remain in the CLS for 30 days after the CLS and trading go live.

After the CLS and trading go live, you may withdraw from the CLS at any time, but any withdrawal of pre-allocated funds before the 30 day period ends will result in forfeiting accrued points.

Deposits that are not pre-allocated can be withdrawn at any time without impact.