Abstract: A system and method for optimizing cached memory comprising varying degrees of Service Level Agreements (SLA) and Consistency Requirement Grades (CRG). The system receives one or more requests from one or more client devices to store information in a cache memory, and determines degrees of Service Level Agreement (SLA) and CRG in the information received via requests or system configurations. Further, system stores for one-time in cache layer of cache memory, the information as master record, based on determining the degrees of SLA and CRG. Furthermore, the system stores grades of entries of information referencing to the master record in different layers of cache memory. Each of the grades of entries comprises different Time-To-Live (TTL). Thereafter, the system outputs the information stored in the master record to client devices, based on SLA and consistency requirements.