@JaschaSamadi@pondermint@tradexyz Anyone with eyes can see that with those volume, OI, and spread levels, it’s unusable. I support HIP3 otherwise, but the pairs they’ve deployed are in a state of unusable liquidity. It’s hardly surprising that there aren’t many fools willing to trade such unfavorable pairs.
Is @cascade_xyz a rebrand or linked with @perenniallabs and @Equilibriafi ?
but first what were perennial labs equilibriafi :
perennial was a defi derivative protocol that has raised $12.6M in dec 2022 and was backed by polychain capital, variant, archetype and coinbase ventures (exactly same backers as cascade)
in 2024 they even launched long term points based reward initiative designed to incentivize early adopters, loyal traders and LP providers in the form of "Petals" and they hitting $18M+ highs
but they couldn't stay relevant for longer and user demand disappeared, team started ghosting AMAs and tvl dropped to Zero
ultimately no token was launched
Equilibriafi :
it was a defi yield optimization protocol on top of Pendle Finance, they promised 2% airdrop to users and introduced a sale in may 2023 where they raised $1.5M at $20 FDV hard cap with 50% vesting
they successfully launched the token at IDO price and the token is still holding around IDO price, those who invested in sale got their rest 50% capital back after 6 months with around no loss/profit
how are these projects and @cascade_xyz linked :
1. Perennial was co founded by Kevin Britz ( @kbrizzle_ ) and Arjun Rao
2. Equilibriafi was co founded by Kevin Britz verified from multiple sources as under perennial
3. Perennial hinted S2 petal campaign then announced they will be pivoting to a new perps venue
most important :
4. cascade(.)xyz official domain uses Ambire embedded wallets for auth + Perennial Finance as their derivatives backend
basically the urls found in cascade network tabs are the preview are the staging version of Cascade's frontend interface hosted on Perennial's infrastructure
5. the Block and coindesk hinted, "Kevin" as Cascade co founder
so putting all this together, it can be verified that they came up Cascade idea in july 2025 after they announced no S2 petal campaign for Perennial
conclusion :
am i calling Cascade a scam? no
but should i be careful? yes
they didn't launch the token for Perennial even after millions of perps volume, and people using the platform, spending capital
until they won't clarify these issues and come up with reasonable answers for why they need to launch so many projects which are not able to find PMFs and deliver and disclose the team behind Cascade publicly i will stay away
nobody would want to lock funds for months into something who are riding the meta hype and no team info, because i don't want to miss other opportunities for nothing
dyor
Escaping high gas fees one bean at a time! 🫘
I'm on Gassy Jack's quest - stacking beans and climbing toward a Gasless Future. Join the adventure, complete quests, and grow with us 🌱
https://t.co/uVKaBYkbMV
https://t.co/uVKaBYkbMV
The community airdrop claim for our native protocol token $ARIAIP is on its way.
For Aria supporters and the $IP community.
Watch here for eligibility details soon.
According to our data and that of the community, almost no HypurrNFTs are eligible for the airdrop, and tens of millions or even more than a hundred do not seem to be enough.
https://t.co/DZflfPLzgf
Game time
HIP-3 builders:
1/ @tradexyz from @unitxyz: Decentralized Nasdaq - stock US & more (Unit has purchased the first HIP-3 ticker: $XYZ100, https://t.co/GhQuZgreAo public launch is not live yet) - Mainnet
2/ @ventuals: pre IPO - prediction market (Deposits open Oct 16) - Testnet
3/ @hyenatrade: Ethena perp terminal (USDe pairs for crypto perp) - Testnet
4/ @volmexfinance: brings volatility-based products to HIP-3, publishing indices like BVIV / EVIV for BTC & ETH - Testnet
5/ @kinetiq_xyz: Exchange-as-a-Service platform under HIP-3 - Testnet
6/ @computeindex: hedge and speculate on the price of spot compute - Testnet
7/ @felixprotocol (Testnet)
8/ @hyperbolic_labs: Commodity perpetual futures - Testnet
9/ @Hyperbetxyz: decentralized casino / betting platform - Testnet
10/ @hyperddot: markets for physical goods or tradable real-world assets - Testnet
11/ @sekai_fi (Testnet)
12/ @flowdesk_co (Testnet)
13/ @nunchi: Perp dex for yield - Testnet
14/ @liquidtrading (Testnet)
15/ @ZiggsOnChain (Testnet)
16/ @onlyvibes_trade (Testnet)
17/ @auramoney (Testnet)
18/ @harmonixfi (Testnet)
More at: https://t.co/weLhsRg7su
*Isolated margin only
TGE Month:
1/ @HyperSwapX: 20th Oct
Airdrop checker: https://t.co/6xvDU6KbHo
2/ @Hyperwavefi
3/ @kinetiq_xyz point program ends in 3 days -> TGE near?
NFT Reveal: @catbal 👀
What did I miss?