Kassandra

What Kassandra does

Kassandra is a decentralized autonomous organization (DAO), legally associated with the Kassandra Foundation, founded in 2021, that operates a DeFi protocol enabling the creation and management of tokenized crypto portfolios (dETFs) on the Avalanche blockchain. The platform supports two primary user segments: investors who diversify capital across manager-curated tokenized pools, and DeFi managers who create and maintain portfolios to earn management fees. Smart contracts hold all assets in an autocustodial architecture where only the investor can withdraw, and token weights are kept in balance through arbitrage traders rather than periodic rebalancing, which avoids front-running and converts a traditional cost into protocol revenue. Core infrastructure includes ParaSwap integration for low-slippage swaps, CertiK-audited contracts, whitelisted tokens, and gradual allocation changes to limit loss during rebalancing.

The platform is distributed via a self-serve web application (app.kassandra.finance) with no KYC, permissionless onboarding, and a global footprint. Kassandra's revenue model centers on a 0.5% skim on management fees (capped at 3% annual total) and a 3% redemption fee routed to the DAO's innovation and development fund, with manager-set referral fees of 0.3%-0.8% split with brokers through the Share & Earn program. The KACY token serves as the governance and utility asset, paired with a LockVote staking mechanism, and the recently launched Managers Incentive Program (2025) offers featured placement, marketing support, and KACY rewards to attract managers. Kassandra partners with ParaSwap and Avalanche as core infrastructure providers, alongside a broader ecosystem of Avalanche-based DEXs, yield aggregators, and oracle/data providers.

Name

Kassandra

Legal name

Kassandra Foundation

Website

https://kassandra.finance

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Kassandra is a DeFi DAO that enables the creation and management of tokenized crypto portfolios (dETFs) on Avalanche, serving individual crypto investors seeking diversified managed pools and DeFi managers who earn management fees.

Ownership category

akta.pro rank

Product category

Decentralized Asset Management

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

DeFi Asset Management & On-Chain Index Protocols (FSADAMAK)

akta.pro secondary industry

Liquidity Provision & Market Making Protocols (AMMs, concentrated liquidity, LP tooling) (FSAPAEAF)

Keywords

• Decentralized asset management
• Tokenized crypto portfolios
• DeFi protocol
• Automated market maker
• DAO governance

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations

Revenue model

1. Management Fees: Pool managers earn management fees from investors in their pools. Total annual management fee is capped at 3%, with 0.5% allocated to Kassandra DAO. Managers set their own fee rates within this cap.
2. DAO Redemption Fee: A 3% fee is charged when investment tokens are redeemed. This fee goes to the DAO's innovation and development fund to support protocol growth.
3. Referral/Broker Fees: Managers can split deposit fees with brokers through the 'Share & Earn' feature. Referral fees range from 0.3% to 0.8%.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels9 records

Core offering

Kassandra operates a DAO-governed DeFi protocol that enables the creation and management of tokenized crypto portfolios (dETFs). Managers build ERC-20 portfolios by selecting tokens and target allocations, and investors buy into these portfolios through a self-serve app. The protocol functions as an Automated Market Maker where arbitraging traders maintain target allocations via swap fees, eliminating manual rebalancing costs.

Product overview

Kassandra is a decentralized asset management platform organized as a DAO that enables the creation and management of tokenized crypto portfolios (dETFs). The core product consists of the Kassandra App (https://app.kassandra.finance) which supports two user segments: Investors who diversify across managed pools, and Managers who create portfolios via the Pool Management Interface and earn management fees. The platform's native KACY token powers governance through a LockVote mechanism. The Managers Incentive Program provides featured placement and rewards for successful pool managers. Tokenized portfolios operate as ERC-20 standard assets with automatic rebalancing, autocustodial security via audited smart contracts, and low-slippage trading through ParaSwap integration.

Differentiator

Problem solved

Functional benefit

Brands

• KACY Token: The native governance and utility token of the Kassandra DAO, used for staking, voting, and participating in protocol governance.

Products and services

• Kassandra App Main web application (app.kassandra.finance) where investors browse and invest in tokenized managed pools, and managers create and manage their decentralized portfolios.
• Tokenized Managed Pools (dETFs) ERC-20 standard crypto portfolios created and managed by managers that follow allocation percentages automatically and function as Automated Market Makers with automatic rebalancing; investable by investors via the Kassandra App.
• KACY Token Native governance token of the Kassandra DAO used for staking, voting power through LockVote, and as a required holding component in investment products.
• Managers Incentive Program Program offering featured highlighted placement, active marketing support, and KACY staking rewards to pool managers who submit innovative themed pool ideas accepted into the program.
• Kassandra Governance (DAO with LockVote) DAO governance system where KACY holders can propose, vote, and contribute to protocol decisions, implementing LockVote staking with varying lock periods for voting power.

Quantifiable outcome

• DAO fee: 3% on redemption; Management fee cap: 3% annual (0.5% to Kassandra); Referral fee: 0.3%-0.8%

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature4 records

Partnerships

Four partnerships are on record, tiered core and minor.

• AvalanchecoreTechnology or IntegrationAvalanche is a strategic partner providing blockchain infrastructure for Kassandra's decentralized portfolio platform, enabling fast and low-cost transactions for tokenized portfolio operations.
• TransferominorStrategic or Co-development PartnerTransfero is a Brazilian crypto platform that may partner with Kassandra for regional expansion or liquidity services.
• ShineDAOminorStrategic or Co-development PartnerShineDAO is a decentralized autonomous organization that may collaborate with Kassandra on governance or ecosystem initiatives.
• ParaSwapcoreTechnology or IntegrationParaSwap provides the low-slippage swap infrastructure for Kassandra's platform, enabling efficient token exchanges for portfolio investments with minimal price impact.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• PieDAO: Decentralized index/asset management protocol that lets users create, govern, and invest in tokenized 'pies' representing weighted token baskets. Direct overlap with Kassandra's tokenized portfolio offerings.
• Set Protocol (TokenSets): One of the earliest DeFi protocols for creating and trading tokenized, rules-based crypto portfolios. Closely parallels Kassandra's dETF model, including rebalancing and management fee mechanics.
• Enzyme Finance: On-chain asset management protocol enabling anyone to create and manage tokenized investment vaults with custom strategies and fees. Competes with Kassandra for DeFi managers wanting to launch managed portfolios.
• dHEDGE: Decentralized asset management protocol enabling traders to launch tokenized synthetic vaults with performance fees. Competes with Kassandra for DeFi managers seeking on-chain managed portfolio products.
• Index Coop: Decentralized index protocol offering tokenized crypto index products (e.g., DPI, ETH2x-FLI). Directly comparable to Kassandra as both are DeFi-native dETF platforms letting managers launch structured, on-chain portfolios for investors.
• Indexed Finance: DeFi protocol offering passive index funds on Ethereum via automated market-making pools of weighted token baskets. Directly comparable to Kassandra's dETF model and target user base.

Emerging players

• Beefy Finance: Multi-chain yield optimizer that automates compounding across DeFi vaults. Adjacent to Kassandra as another automated portfolio-style protocol but with a yield-optimization rather than index thesis.
• Yearn Finance: Yield aggregator protocol that packages DeFi yield strategies into automated vaults — adjacent to Kassandra's managed pool model, though focused on yield strategies rather than broad index portfolios.
• PowerPool: DeFi protocol offering tokenized indexes and governance power products via pooled CVP tokens. Partial overlap with Kassandra's portfolio tokenization model with a stronger governance-aggregation angle.

Broad incumbents

• Balancer: Established AMM that supports weighted pools functioning as tokenized index portfolios with automatic rebalancing. A broader DEX that competes with Kassandra's index/AMM positioning at significantly larger scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/dao_kassandra
• GitHubgithub.com/KassandraFinance

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kassandra