At 1 AM Beijing time on January 7th, @cascade_xyz reopened CLS credit limits, with a total limit of $1.5 million USD! Pre-deposits can earn points in advance, but please note that CLS deposits are similar to other PERP vaults, such as Lighter and EdgeX vaults, used to increase order book depth and platform order clearing, not as a principal protection mechanism. All earned points are subject to a mechanism: once PERP opens trading, CLS will begin to play a role, meaning it will start bearing Cascade's market risk. Funds in CLS cannot be withdrawn within 30 days, otherwise all points will be forfeited. For more information, see the document: docs.cascade.xyz/docs/first-wa...…
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Cascade
@cascade_xyz
Given strong initial interest, the pre-allocation cap for Cascade’s Liquidity Strategy (CLS) will be raised to $2M on Tuesday, Jan 6th at 12pm ET.
This is the next opportunity for eligible users to earn Cascade rewards ahead of trading going live.


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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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