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love to see it both actions, staking POL and staking ETH in the katana liquid vault on [ether.fi](http://ether.fi), count as productive & chain-aligned activity. POL stakers are part of the community airdrop allocation (up to 1.5b vKAT total). that snapshot’s already rolling and continues even after KAT becomes transferable. ETH staked through ether.fi’s katana vault also feeds into katana’s ecosystem metrics and early-user rewards once mainnet incentives open. so yeah, you’re playing it right. stay staked, stay active, and you’ll be well positioned when the KAT/vKAT distribution hits
Looking forward to it. Im currently staking POL on one wallet And staking ETH in the Katana Liquid Vault on Ether.fi Hoping to get a nice amount of KAT tokens for these activities 😁
native, on‑katana liquidity and KAT locking are what give you vKAT voting power and fee share. cross‑chain liquidity may exist, but it won’t earn Armory rewards unless the KAT is back on katana and locked for vKAT. i could see a situation where avKAT is the preferred asset for cross-chain KAT liquidity as its a wrapper for vKAT that compounds rewards within the wrapper.
**What’s already defined** * **Allocation:** 1.5B KAT (15% of supply) is reserved for the Polygon community (specifically POL stakers). * **Measurement window:** Eligibility for the initial tranche is based on amount of POL staked and the duration it’s staked from program start through the date KAT first becomes transferable. * **Unlock schedule for POL stakers:** * 700M vKAT (7%) unlocks when KAT becomes transferable. * 400M vKAT (4%) unlocks in four equal annual tranches on the 1st–4th anniversaries of the first transferability date. * **Transferability timing:** KAT will be transferable no later than February 20, 2026 (could be earlier; an earlier date wouldn’t change the vesting schedule). **When to expect updates** * We’ll publish the next detailed update ahead of the first transferability date with the final eligibility methodology, snapshot parameters, and claiming instructions. After that, we’ll provide guidance for each subsequent annual tranche. * If you’re staking POL today, the key milestone to watch is the first transferability date (aka when the vKAT armory goes live) that’s when the 7% tranche becomes claimable and we’ll publish the full claim guide.
**vKAT cooldown & exit fees** * **Cooldown:** when you trigger an unlock, your vKAT enters a 45‑day cooldown. During cooldown it has no voting power and earns no rewards. * **Exit fee:** if you wait the full cooldown, the fee is 2.5% to exit. If you exit earlier, the fee scales up linearly to 25% for same‑day exit. All exit fees are redistributed to remaining vKAT holders. * **Why it’s designed this way:** the cooldown/fee model discourages quick in‑and‑out governance games and rewards long‑term lockers. **Other ways to use KAT to earn KAT once KAT transferability begins (beyond LPing)** * **Lock → vote (vKAT):** voters earn a share of the fees from the pools/markets they vote for and may receive vote incentives from protocols competing for emissions. Payouts can be taken in the token mix you choose (including KAT). * **Auto‑compound (avKAT):** avKAT auto‑votes to maximize yield and uses earned rewards to market‑buy KAT and lock it into more vKAT, so the avKAT:KAT rate rises over time. A hands‑off way to build KAT exposure. avKAT can also be converted to vKAT at any time. * **Exit‑fee redistribution:** early exits pay a fee that is redistributed to remaining vKAT holders, adding another yield component for lockers. More info in our blogpost here: [https://katana.network/blog/katana-x-aragon-inside-the-vkat-armory](https://katana.network/blog/katana-x-aragon-inside-the-vkat-armory)
Can you share details on the vKAT cooldown & exit fees? Also wondering if there will be any other ways to use KAT to earn KAT once KAT unlocks (other than LPs).
Once $KAT launches, will there be cross-chain liquidity for it on Polygon or other EVM chains? Could DeFi rewards for $KAT exist on other chains for protocols looking to accumulate VP to effect votes?
When will we get updates on polygon stakers receiving their KAT airdrops?
holding yvvbUSDC can accrue value, but the driver is yearn strategy performance (plus periodic chain donations and KAT incentives). there are currently 3 reward stream going to [Katana Yearn Vault Depositors](https://app.katana.network/) (yvvbToken holders). Yield from the underlying yearn vault strategies on katana, KAT rewards, and donations from vaultbridge. ([bonus STEER points](https://x.com/steerprotocol) from steer protocol as well, if you registered) how it works: users deposit vbUSDC into the vbUSDC vault → user receives yvvbUSDC (an erc-4626 vault share). when donations are made to the vault, the value per yvvbToken increases in-kind on a pro-rata basis. no claim, no clicks. your yearn vault tokens (yvvbTokens) are now worth more because the vault holds more of that asset relative to the yvvbTokens outstanding. Yearn Vault Donations to users, so far. \- [Aug 26](https://x.com/katana/status/1960419314252575166) \- $509k \- [Sept 24](https://x.com/katana/status/1970897378535407836) \- $200k \- [Oct 3](https://x.com/katana/status/1974164971581026715) \- $165k \- [Oct 13](https://x.com/katana/status/1977830483028504897) \- $80k \- [Oct 22](https://x.com/katana/status/1980987851874738290) \- $67k
**apy/apr for vKAT or avKAT?** no fixed or promised APY/APR. yields are variable and come from fees generated by the pools/markets you vote for, plus optional vote incentives, and the redistribution of exit fees. we expect that the 'vKAT Armory' UI will surface normalized yields so users can easily compare opportunities; avKAT shows its return as a rising avKAT:KAT rate because it autocompounds into more vKAT under the hood (within the wrapper). **can i direct emissions to my own protocol?** yes! once your market is integrated and listed in the vKAT Armory’s gauges, any vKAT holder (including you) can vote emissions to it. we'll start with sushi and expand to morpho, perps, and other ecosystem apps as integrations go live. voters who back your market earn a share of its fees (if applicable), AND you can add vote incentives to attract more votes to your protocol's pools.
important thing here for us was to provide options. also, if we didn't build avKAT, someone else would have. we didn't want to risk any type of Convex/Curve governance capture **pick avKAT if you want:** * **set‑and‑forget, liquid compounding.** avKAT auto‑votes for the highest‑yield pools and auto‑compounds all fees + vote incentives back into more vKAT within the wrapper, so the avKAT:KAT rate rises over time. you can unwrap to vKAT any time or just trade avKAT on SushiSwap. **pick vKAT (or vKAT + relayer) if you want:** * **control + higher synergy with your own positions.** you can aim votes at your own LPs/markets to juice the yields you’re already farming. in our drafted internal docs we say this is “optimal if you want to vote for your own LPs.” * **payout flexibility.** with vKAT you can take rewards in the token mix you choose (stablecoins, WETH, KAT, WBTC, etc.) instead of auto‑compounding everything back into more vKAT. * **automation without giving up payout choice.** delegate your vKAT to a permissionless relayer (profit‑max, portfolio‑aligned, app-specific, etc) and still choose your payout tokens. * **market‑pricing risk mitigation.** avKAT is liquid and can trade at a discount that reflects the vKAT exit mechanics and DEX liquidity; vKAT itself doesn’t have that market discount (you exit via cooldown/fee). **tl;dr** * **avKAT** = liquid, hands‑off, compounding index of chain fees + incentives * **vKAT** = control, custom payouts, ability to supercharge your LPs/markets, plus automation via relayers if you still want “mostly passive”
fair take on the OHM meme. here’s how we use the terms and where vKAT differs. we think about it a bit differently. * (3,3) was a coordination meme. “we’re all better off if we cooperate instead of dump.” not necessarily our core mechanic * ve‑tokenomics = lock a token to get voting power to direct incentives * katana’s ve(3,3), chain‑level = lock KAT to steer KAT rewards across multiple apps on the chain. voters earn a share of the fees from the pools/markets they vote for. this isn’t “hold so number go up,” it’s “allocate emissions to productive markets and get paid from real fees for voting.” two important differences vs classic ve models * **no time‑based lock weight.** vKAT uses a cooldown + exit fee instead of 1–4 year lock boosts. vKAT has full vote power on mint. exit any time instantly with a higher fee, or after a 45‑day cooldown with a small fee. fees go to remaining vKAT holders. * **chain‑wide scope.** most ve(3,3) systems live inside one dapp. vKAT applies the model across the chain’s core apps (starts with sushi, extends to morpho, perps, etc.)
**arb / optimism vs katana** arb and op are governance tokens for their L2s. they don’t run a chain‑level ve gauge. ve(3,3) exists on those ecosystems at the dapp level (velodrome on Optimism, aerodrome on Base), not at the chain level. katana’s vKAT is chain‑level: lock KAT, vote where future KAT rewards go across integrated apps, and voters earn fees from the pools they back (plus vote incentives, plus exit fees) **do they have a similar locked voting structure?** no. ARB/OP don’t have a native, chain‑wide “lock → vote → earn fees” model. katana does. that’s the difference between chain‑level vs dapp‑level ve(3,3) **will KAT emissions be funded by buybacks?** yes. early on, emissions come from the KAT treasury. over time, the plan is to replace treasury outflows with KAT buybacks funded by chain revenue (vaultbridge yield, AUSD t‑bill yield, CoL yield, sequencer fees). conceptually similar to “buyback‑funded emissions” you’ve seen elsewhere, but ours are chain‑wide and revenue‑driven, not app‑specific.
there is no other blockchain with a token that captures revenues from the application layer. KAT emissions will eventually be funded by buybacks.
gm gm when vKAT launches, sushi will be the ony destination for KAT emissions from vKAT. soon after launch, other destinations will be added. like morpho. over time there will be many more destinations added. producing diversified yield sources for vKAT holders. the katana core team decides which protocols may be integrated with vKAT. this decision is largely based on which protocols are willing to collaborate long term with katana and not just farm the chain for its incentives. it's not a given that token holders of a vKAT integrated protocol is giving up fees. e.g. MORPHO holders to not receive any fees from morpho. And in the case where fees are being waived, the benefit of EXTRA emissions to the protocol in the form of KAT, make up for this. net net, the protocol in question is getting more incentives, therefore producing more fees, and some of those extra fees are being directed back to the vKAT holders which directed KAT to the protocol.
there’s no inflation schedule for KAT. it’s a fixed-supply token at 10b KAT. the rewards that vKAT voters direct are **not newly minted tokens**; they come from the existing KAT treasury. over time, those emissions will increasingly be funded through **KAT buybacks** using revenue generated by the chain. Katana’s four engines drive revenue that cycles back to users and liquidity: – [vaultbridge real yield](https://katana.network/blog/katana-core-mechanisms-what-is-vaultbridge) on blue‑chip assets bridged from ethereum – [AUSD T‑bill yield](https://katana.network/blog/katana-core-mechanisms-what-is-ausd) – [chain‑owned liquidity (CoL)](https://katana.network/blog/katana-core-mechanisms-what-is-chain-owned-liquidity) returns – [sequencer fees](https://katana.network/blog/katana-core-mechanisms-what-are-sequencer-fees-)
great call out! **why “chain‑level ve(3,3)” matters** short answer. it’s the same lock‑and‑vote model you’ve seen at curve, solidly, and aerodrome. the difference is scope. veCRV/veAERO voters can only steer rewards inside one app. vKAT voters steer future KAT rewards across katana’s defi apps chain‑wide. one coordination layer. many markets. stronger flywheel. * **“ve”** = vote‑escrow. you lock a token to get voting power * **“(3,3)”** = cooperate to grow the pie. voters direct incentives to productive pools and share in the fees those pools generate. * **chain‑level** = the same vote directs KAT incentives across multiple apps on katana (starts with sushi, expands to morpho, perps, and more), not just a single dapp. **Three token structure, more TLDR** * **KAT**. the token you lock to coordinate where future KAT rewards go across the chain. the token you get when participating in katana DeFi * **vKAT**. non‑transferable voting power. lock KAT → vote where emissions go → earn fees from the pools you support, plus optional vote incentives. votes roll over each epoch. * **avKAT**. liquid, transferable ERC‑20 wrapper around vKAT. it auto‑votes to maximize yield and autocompounds rewards back into more vKAT. unwrap to vKAT anytime or trade avKAT on sushi for instant liquidity. set‑and‑forget. **distribution at a glance (high level)** * total supply: **10b KAT** * user programs: **1b** to user incentives (sushi, morpho, yearn, spectra, etc) * polygon community (POL stakers): **1.5b** over 4 years * core contributors: **1.565b** vesting after transferability. unlocks 1 year after user rewards unlock. * ecosystem & treasury: **4.935b** with small initial unlocks
*From the Katana team* hello r/cryptocurrency We’re the team behind katana ( r/katana ). A DeFi-first L2 incubated by Polygon Labs and GSR that shares its revenue with active DeFi users. Purpose‑built for deep liquidity and real yield. We’re back for round two. This time the focus is tokenomics: [KAT, vKAT, and avKAT](https://katana.network/blog/katana-x-aragon-inside-the-vkat-armory). Ask us anything. ⚔️ What this AMA is about **⚔️ KAT. coordination > speculation** to date - no presale. no VCs. no insider unlocks before users. KAT is a coordination tool that lets the community direct where future KAT rewards go across katana’s DeFi ecosystem when locked for vKAT. Gas on katana is ETH. KAT is currently non‑transferable and will become transferable no later than feb 20, 2026, that’s when staking begins. **⚔️ vKAT. lock, vote, earn real yield** If you’re familiar with veTokenomics models, KAT/vKAT is somewhat similar. Lock KAT to get vKAT. vKAT holders vote where future KAT emissions go. vKAT voters earn fees from the DeFu pools they support, and can receive ‘vote incentives’ from DeFi protocols/asset issuers competing for these KAT boosts. vKAT voting rewards can be claimed in the token mix you choose. A set of permissionless relayers exist if you want automated voting. Cooldown + exit fees reward long‑term lockers and mitigate governance games. **key bits people ask about** \- fees flow to the vKAT voters who pointed emissions to those pools \- votes roll over each 2-week epoch until you change them; no need for continuous voting. \- exit design: 45‑day cooldown with a dynamic fee that drops over time. instant exit available at a higher fee. Exit fee is redistributed to remaining vKAT holders. **⚔️ avKAT. liquid, autocompounding vKAT** avKAT is a transferable ERC‑20 wrapper around vKAT. Under the hood it auto‑votes to maximize yield, then autocompounds the voting rewards back into more vKAT. Over time the avKAT:KAT exchange rate increases to reflect the compounding. Unwrap avKAT to vKAT any time or trade avKAT on SushiSwap for immediate liquidity. Set it and let the vKAT armory work. **what we’re excited to talk about** * how vKAT gauges work across the chain. why chain‑level ve(3,3) matters * avKAT design. liquidity, auto‑voting, and compounding mechanics * relayers. permissionless strategies, from profit‑max to LP‑aligned voting * CoL and sequencer fees. how the chain owns liquidity and smooths volatility * timelines. what “transferable KAT” unlocks for vKAT and avKAT next who’s answering u/katananetwork, u/ManBearPig9220, u/Routine-Werewolf-293
totally fair point. and you’re right. early growth is always incentive-driven. that’s by design. the distinction is what happens after the incentives taper. most chains use emissions as the only fuel. when rewards end, activity typically collapses. katana uses KAT emissions to bootstrap, but the underlying revenue engine (vaultbridge yield, ausd tbill flow, txn fees, and chain-owned liquidity) keeps producing real cashflow. so yes, marketing and incentives get users in the door. but long term, the yield and liquidity loops are what keep them there (aka the Katana Flywheel). that’s the difference between paid activity and productive activity.
good question. the current APYs include both realized yield (from vaultbridge, CoL, and AUSD) and projected KAT emissions. since KAT isn’t transferable yet, we estimate its value using an assumed FDV of roughly $1b, in line with peers like berachain and sonic. for context, zkSync’s FDV is also ~$1b with only ~$75m in productive TVL; katana already sits near $600m in productive TVL. you need some assumption to express emissions as an APY, it’s not a claim on token price, just a way to show users the full reward picture. the real, realized yield keeps growing as productive TVL compounds; the rest represents deferred potential upside once KAT becomes transferable. we also have a slider on the app that lets the user adjust the FDV of KAT if they feel like the default $1B FDV is too high.
honestly really good feedback here from Coiiiiiiiiiiiiiiiiii appreciate the digging in here. a few quick points of clarity: 40% apy ≠ 40% organic yield. the current rates on katana are temporarily boosted by KAT emissions while the network bootstraps. same way every major protocol has done early-stage incentives. from bitcoin’s block reward subsidies to rewards on curve, velodrome, and berachain. the sustainable baseline yield right now comes from four revenue sources, not just tbills or fees: 1. vaultbridge yield (morpho lending on ethereum) 2. chain-owned liquidity yield (lp positions on katana) 3. tbill yield via AUSD 4. transaction fees from chain activity over time, those revenue streams scale and replace emissions. the idea is to start with incentive-driven growth and transition to self-sustaining real yield as the flywheel spins. and you’re totally right: “ponzi” yields die when emissions are the only fuel. katana’s designed so the underlying economy, vaultbridge, col, ausd, app revenue, keeps paying users after the emissions taper. in short: high apys now are bootstrap incentives. the long-term yield comes from real revenue. appreciate the pushback on the messaging. these convos make the system stronger and helps us shape our narrative more accurately.
Exactly. How can they say the yield is 40% but 35% paid in KAT when nobody know the price of KAT
I guess it depends how DeFi native you are and how much you’re willing to learn and what you’re comparing it to. If you asked AI models to estimate what KAT will trade at once it becomes transferable, you’ll get estimates anywhere from $800M - $2B on average. Katana already has over $600M TVL, quite a few recent TGEs opened at 2x the TVL, so while this isn’t a guarantee by any means, the $1B doesn’t seem unsubstantiated. And again, almost every project emits tokens most heavily early on, from Bitcoin (50% of the supply in the first 4 years) to Ethereum to everyday DeFi apps & chains. If you have any interest, I recommend reading the blogs because in my opinion it’s all laid out very clearly and seems incredibly sustainable long term
Between staking POL and liquid staking in The Katana vault on Etherfi - im hoping for some decent KAT airdrops!
Right now, while bootstrapping the network, the yield for depositing to vaults comes primarily from KAT emissions. Those emissions will taper over time as the network becomes self-sustainable and the effect of t-bills, VaultBridge, CoL, and sequencer fees start to add up.
tbill yield is a small part of the revenue stack right now. the majority of the revenue is being generate from vaultbridge right now the majority of APY boosts are coming from KAT token incentives right now big takeaways for me is: 1) most chains have one source of revenue (txn fees), katana has four (txn fees, tbill yield, CoL yield, vaultbridge yield) 2) most chains keep that revenue for themselves, katana shares that revenue with the people actually using the chain 3) the yields on katana are stacked. some defi pools on katana you can earn: the native yield + bonus ETH + bonus USDC + bonus MORPHO + bonus KAT
KAT tokens are also being used to boost APYs in those vaults that are listed on app.katana.network
The rest is KAT rewards based on $1b FDV when it becomes transferable. On the katana app, they have a calculator you can use to estimate, and even change the FDV to something more bullish or bearish depending on your target
i have so much POL staked. and POL stakers get a KAT airdrop in January 😎
yeah, this cycle’s not about legacy alts like ADA or DOT mooning on hype (there are no solid narratives i. those ecosystems now). the market has started rewarding projects with tangible revenue models that directly benefit token holders via yields, fees, buybacks, and governance (but mostly the first three). it’s selective, capital’s flowing to protocols where emissions are backed by actual earnings, not just VC pumps and old 2017 narratives (“banks are going to use XRP” no they’re not). ethereum’s supply shock is real, the narrative is tangible, adoption is actually increasing, but alts need more than narratives; they need mechanics that compound value over time. here’s how some standouts are doing it right (yes, my bags): • Aerodrome (AERO): on Base, this DEX pulls in huge fees ($21M+ in recent epochs) and funnels 100% back to veAERO holders through emissions, bribes, and voting power. it’s why AERO’s steady at ~$1.15 amid growing TVL, real accrual beats speculative bets. • Moonwell (WELL): DeFi lending on moonbeam/base, where protocol fees from borrows/interests feed into staking rewards and governance for WELL holders. Even at $0.023 (down from ATH ~$0.30), it’s building with emissions tied to genuine demand, creating sustainable holder value.  • Curve (CRV): classic stable DEX with veCRV lockers claiming a slice of billions in TVL fees (inflation cut to 5% for longevity). At $0.77 (way off ATH $15.37), it’s still a fundamentals play, holders get direct yields that outlast hype cycles.  • Katana (KAT): this new DeFi-only L2 focuses on sharing chain revenue back with its users through a flywheel that recycles chain revenues (sequencer fees, Vaultbridge yields, AUSD treasury returns, and chain-owned liquidity or CoL) back into pools and vaults, boosting APYs for active users. CoL alone is at $340k, providing permanent liquidity and routing earnings (like $165k+ in recent donations) to LP positions on Sushi/Morpho. the staking model: stake KAT for vKAT (ve-style), then vote to direct incentives, earn app fees, bribes, and exit fees. chain-wide veTokenomics that accrues real yield to holders as TVL grows. pre-TGE, rewards are stacking via quests and campaigns, but post-launch, this setup ensures holders capture the network’s growth directly.
ty amigo! KAT is currently non-transferable to align with long-term network incentives. the token will unlock **no later than february 2026**. (but will most likely be sooner, focusing on some internal targets and KPIs first) at unlock, you’ll be able to convert KAT to **vKAT**. vKAT is staked KAT and is used to direct future KAT emissions, and earn rewards from the pools you support. so for now, the best way to maximize your KAT is to stay active and keep earning more. this is a long game. more info on the KAT token here: [https://katana.network/blog/the-network-is-katana-the-token-is-kat](https://katana.network/blog/the-network-is-katana-the-token-is-kat)
Congrats to Katana team for a successful launch. When is KAT going to become tradeable? Got 125 KAT from Krates and I'm excited to see how much that will eventually be worth.
**1. what happens to your deposited assets?** when you deposit assets (like ETH, USDC, WBTC, USDT) into **katana**, you’re not just bridging. you’re making your capital *productive*. here’s how: * assets go into **vaultbridge** on ethereum * a portion is deployed into **low-risk lending strategies** via **morpho** vaults * the yield from those strategies is streamed to katana and distributed to core apps defi pools like **sushi** (DEX), **morpho** (lending), etc. in return, you get **vbTokens** (like vbWBTC, vbUSDC) on katana, which you can use just like normal tokens in defi. stake or LP your vbTokens in morpho and sushi to get bonus vaultbridge yield. think of vaultbridge as a way of providing perpetually funded boosted yield on katana. its a liquidity mining campaign that never runs out, as long as there are assets in the vaultbridge. **2. how does that benefit katana?** this creates a **real, recurring revenue stream** for the chain. instead of relying only on KAT token emissions, katana: * collects yield from L1 defi * redirects it to boost yields in LPs, lending pools, and more * builds **chain-owned liquidity** (CoL) from sequencer fees this makes the whole system *sustainable*. the more people use katana, the more yield is generated, which deepens liquidity, boosts yield more, and improves UX. its the katana flywheel. **3. is katana a normal network like ethereum?** yes. katana is a fully functional **EVM chain**. its open source, permissionless. anyone can bridge, anyone can deploy smart contracts. that means you can: * deploy your own tokens or NFTs * build smart contracts * launch dapps * interact with existing defi protocols we just come with *better liquidity and yield* out of the box. bc katana flywheel.
KAT rewards are live right now on sushi. KAT rewards on morpho are coming soon. vaults in the [katana app](https://app.katana.network/) takes advantage of both.
gm. love this one. here's how we think about katana over time: **1 year:** bootstrapping deep liquidity and real yield through vaultbridge, AUSD, and chain-owned liquidity (CoL). the core app stack is live (sushi, morpho, launchpad, perp DEX, tokenized yield protocol), and early builders have incentives and infrastructure to grow. focus on innovating on the composable app layer. vKAT dashboard goes live. **2 years:** katana becomes the go-to chain for real, composable defi. CoL compounds to a point where intent-based cross-chain solvers default to katana for swaps and other actions. vaultbridge yield scales to provide a perpetually funded real yield liquidity mining campaign. devs build new apps *on top* of katana’s flywheel instead of recreating the basics. yield from vaultbridge, AUSD, CoL yield reduce the reliance on KAT token emissions. vKAT is used to direct future KAT emissions similar to Curve wars and other ve-tokenomics models. **5 years:** katana feels like economic infrastructure. not just another chain. the best defi apps deploy *here first*. the [katana app](https://app.katana.network/) is the place where millions of users interact with the chain, simplifying the user experience and abstracting away blockchain infra. CoL provides a strong and secure base layer of liquidity, continues to compound. vaultbridge yield is flowing. the flywheel is unstoppable, and the users benefit. **10+ years:** that's a really long time in crypto, but we are thinking about it. katana helps define what a self-sustaining, productive onchain economy looks like. real users. real yield. real liquidity. no dead bags. no mercenaries. a chain that pays you to build, not just farm. when people think crypto, they think katana. when people think defi, they think of katana. tl;dr: katana is here to fix what broke in defi. and build something better. for the long haul.
here’s how it works: instead of leaving assets idle on ethereum like most bridges do, vaultbridge puts them to work. when you deposit ETH, USDC, WBTC or USDT into vaultbridge (katana's bridge), those funds are deployed into curated, low-risk lending strategies on ethereum via morpho. the yield generated upstream is then routed back to katana. where it boosts rewards in core apps like sushi and morpho. think of it as a perpetually funded real yield liquidity mining program for katana defi. this also reduces the reliance of KAT token emissions for liquidity mining, reducing sell pressure for the KAT token. but here’s the catch: you only earn that yield if you *use* your bridged assets (vbTokens) in defi on katana. idle wallets earn nothing. productive defi users get rewarded. this helps to create a thiving and robust defi ecosystem for the longterm on katana. that’s the flywheel. looking for more of a deep dive: [https://katana.network/blog/katana-core-mechanisms-what-is-vaultbridge](https://katana.network/blog/katana-core-mechanisms-what-is-vaultbridge)
great question — one we’ve thought a lot about. short-term hype gets you attention but katana is built for long-term usage here’s how we keep users engaged beyond the early incentives: **1. real yield, not just emissions** katana doesn’t rely solely on inflationary token rewards instead, yield is fueled by real sources like: – vaultbridge L1 lending strategies – AUSD off-chain t-bill revenue – sequencer fee redistribution – deployed chain-owned liquidity (CoL) this makes yield and liquidity **sustainable**. users stay because rewards keep flowing even after the hype. liquidity and yield scales on katana. **2. chain-owned liquidity means better UX** CoL = the chain owning some of the liquidity onchain directly so liquidity doesn’t disappear when mercenary capital leaves, or when the bear market gets brutal users enjoy consistent depth, lower slippage, and stable borrowing/lending markets regardless of market conditions **3. vKAT + governance** KAT holders can lock for vKAT to vote on where future KAT emissions go users who stay involved help shape the ecosystem (and earn fees) if you're familiar with ve- tokenomics, you know that there are very exciting governance games ahead **4. new apps and tokens launching on katana** katana is a defi-first chain. currently there are two core apps: morpho and sushi. but there are already close to 30+ other defi protocols live on katana. and more to come. the roadmap includes a new core apps that will include a launchpad, perp DEX, and tokenized yield protocols. in short. katana’s yield doesn’t dry up liquidity doesn’t flee innovation thrives at the composability layer on top of core apps/assets and users don’t get left behind
# katana mainnet is here the wait is officially over: katana mainnet has launched with 1b KAT incentives for users. katana ( r/katana), incubated by polygon labs and gsr, is built from the ground up to fix broken defi mechanics. with **$200 million in pre-deposits** in just a few weeks, katana goes live on mainnet with significant momentum, rewarding users from day one. explore the first version of the katana app and experience a new era of defi where bags are always productive, earning sustainable yield - [https://app.katana.network/](https://app.katana.network/) katana powers a defi flywheel that returns value to ecosystem users rather than extracting it. instead of idle bags, katana incentivizes you to participate in the ecosystem and grow your assets. more growth = more revenue coming back into the network = more boosted yield ask us about * long-term vision * core features that make the chain work (vaultbridge, core apps, chain-owned liquidity) * the katana ecosystem (core apps/assets and protocols launching) * 1b KAT liquidity mining campaign * vKAT - how our modified ve(3,3) aligns incentives from the top down * why we’re obsessed with productive tvl * what happens with pre-deposited assets * more thanks to everyone who participated in our previous AMA, we’re looking forward to answering any further questions you may have, now that users can participate on the chain. for a refresher on all things katana, check out our blog: [https://katana.network/blog](https://katana.network/blog) questions will be answered by u/katananetwork and u/ManBearPig9220 no fluff. just liquidity, yield, and aligned incentives. stay sharp ⚔️ katana team
Not exactly a dividend in the traditional sense. but yes, **vKAT is designed to give holders access to protocol revenue over time**. When you lock KAT into vKAT, you gain: * **voting power** to direct where KAT emissions go (to specific pools or apps) * **fee share** from the defi pools you vote for * and in the future, **a cut of broader protocol revenues**. like sequencer fees, vaultbridge yield, and AUSD yield it’s more of a **governance-aligned revenue share**, where your influence and rewards are tied to how you participate, not just holding passively.
mainnet’s coming late june—but there are already multiple ways to get involved early: 🐢 [turtle club](https://app.turtle.club/campaigns/katana): pre-deposit in curated defi pools with predictable APR. funds available to withdrawal 3 months after mainnet launch. can withdraw anytime after mainnet, but you take a haircut on some of the APR earned 📦 [katana krates](https://app.katana.network/krates): deposit to get gamified lootboxes with a shot at outsized KAT rewards or a cryptopunk. withdrawal anytime after mainnet, no penalty. **join the community**: * [reddit](https://www.reddit.com/r/katana/) * [x.com/katana](https://x.com/katana) * [discord](https://discord.gg/nHU8Hgww8v) earn before mainnet. shape the future of defi.
vaultbridge turns what would typically be idle assets in bridge contract on ethereum into real yield by routing them into curated lending strategies on ethereum. powered by **morpho**, and risk-managed by **gauntlet** and **steakhouse financial**. here’s how it works, and where the yield comes from: **how does vaultbridge work?** when users bridge assets like ETH, USDC, USDT, or WBTC to katana and opt in to vaultbridge, their L1 assets don’t sit idle in a bridge contract like other L2 bridges. they’re deployed into a low-risk curated vault strategy on morpho’s lending protocol on ethereum. * **vaults use morpho’s ERC-4626 standard**, a secure and modular framework for building and managing onchain lending strategies * **capital is lent out to high-quality liquid markets,** for example, blue-chip assets with conservative LLTV ratios, to generate sustainable base yield. not optimizing for yield here, optimizing for risk-adjusted returns. keep it conservative. the yield generated is **streamed back to katana**, where it’s used to **boost lending and LP rewards** in core defi apps. **where does the yield come from?** vaultbridge yield comes from the **underlying lending activity** on morpho vaults, specifically interest paid by borrowers on morpho. unlike yield farming or emissions-based incentives, **vaultbridge yield is organic**. it’s earned by putting capital to work in real markets. **what makes the strategies low risk?** two independent curators manage risk: 1. **gauntlet**: known for dynamic risk modeling across aave, compound, and uniswap. they bring economic simulations and scenario testing to determine safe collateral and borrowing thresholds. 2. **steakhouse financial**: experts in DAO treasury management and financial analysis. they bring a conservative approach to yield generation, prioritizing capital preservation and stable returns. they select which vaults and strategies are active based on katana’s risk appetite, which is low. we’re not chasing the highest yield. we’re chasing the best risk-adjusted yield, stable, repeatable returns using curated strategies managed by gauntlet and steakhouse. that yield flows back to katana and boosts yield on pools in core defi apps. **why this matters** vaultbridge turns passive bridge deposits into a **productive revenue engine** for katana's defi users. users get boosted rewards in defi pools from this revenue. and the chain doesn’t rely on solely on KAT emissions. this is what fuels the katana flywheel.
**is KAT/vKAT needed to use defi on katana?** no. anyone can lend, LP, borrow, swap, and mint AUSD without holding a single KAT. the gas token on katana is ETH. **so what’s the point of KAT?** when you lock it for **vKAT**, you unlock utility and rewards: * **vote on where emissions go**: direct KAT emissions to specific pools or assets. earn fees from the defi pools you voted for. * **earn protocol revenue**: down the road, when katana grows with robust network effects, vKAT holders can earn broader fees. like from sequencer fees, vaultbridge yield, stablecoin yield, etc * **exit anytime**: unlock vKAT back to KAT, but with a small fee redistributed to remaining vKAT holders vKAT isn't a requirement, but it's a helpful lever for those who want to shape the economy *and* earn from it.
blast gives users native yield in their wallets by auto-staking L1 assets, this has severely limited the growth of their defi ecosystem. katana doesn’t do that. instead: * **vaultbridge** sends yield from curated L1 strategies (via morpho) back to katana * **vaultbridge** **yield** goes to incentivize defi pools on katana, encouraging users do actually use defi on the chain (its a perpetually funded liquidity mining campaign that uses real yield instead of just KAT token emissions to boost the pools) * **AUSD** routes t-bill yield to boost stable pools. diversification of revenues for users. * **sequencer fees** fund chain-owned liquidity (CoL), which deepens markets, less slippage on trades, more stable in time of volatility * **CoL** earns yield too. that yield either compounds or boosts user rewards so instead of passive wallet yield, katana boosts *active* users in defi apps. you earn more by lending, LPing, or using yearn vaults. not just by bridging. ps: thanks for staking POL. agglayer’s how this all stays unified under the hood
polygon labs and gsr incubated katana because **existing defi chains haven’t solved the core economic problems**: unsustainable emissions, shallow liquidity, and misaligned incentives. katana is different in both **design** and **execution**: **real yield, not speculative emissions**: katana routes actual revenue from: * vaultbridge yield (via morpho on ethereum) * t-bill yield (via offchain AUSD treasury) * net sequencer fees * chain-owned liquidity earnings that yield **boosts defi pools**, not wallets holding idle tokens, and not extracted from the katana defi ecosystem. yes there will be KAT liquidity mining incentives, but this just further amplifies those yields, not a long term strategy. **productive behavior is required to earn**: you can’t farm passively by just leaving tokens in your wallet (like blast), you have to use them in defi to benefit from the rewards. vbTokens only earn yield when deployed in core defi apps. **chain-owned liquidity (CoL)**: katana builds its own liquidity layer from sequencer fees. liquidity that doesn’t flee during volatility. that stabilizes markets when things get crazy, reduces borrowing rates, tightens spreads, and lowers slippage on DEXes. **vKAT = voting with cash flow**: vKAT holders vote on future KAT emissions and earn a share of the fees on the pools that they vote for. this aligns long-term users, apps, and capital around shared outcomes. down the road, when katana grows with robust network effects, vKAT holders can earn broader fees, like from sequencer fees, vaultbridge yield, and stablecoin yield. other chains have brought attention to the defi-specific chain vertical. katana is built to **fix it**: structurally, not temporarily. that’s what makes it worth building, imo.
katana is different because it’s not just “another yield farm.” it’s a full-chain economic system where **yield is backed by real revenue, not inflation.** Here’s the simple version: * **vaultbridge**: When you bridge assets to katana, they go into real lending strategies on Ethereum (via [Morpho](https://x.com/MorphoLabs)). the yield from that gets sent routed to katana and used to boost rewards for users in core defi apps. * **AUSD**: katana’s native stablecoin, issued [by agora](https://x.com/withAUSD) and fully backed by offchain U.S. treasuries. that t-bill yield is also routed back to boost AUSD-denominated defi pools. * **sequencer fees**: 100% of net sequencer fees are recycled into Katana’s economic system. used to deepen liquidity and reward activity, not siphoned away. * **chain-owned liquidity (CoL)**: instead of relying on mercenary capital, katana uses its own revenue (like sequencer fees) to build a permanent liquidity reserve that *stays* even when others leave. this deepens markets, keeps yield stable, and reduces slippage on dex trades. additionally, yield generated from deployed CoL goes to further boost yield in core app defi pools. we are not trying to farm our users here. * [**KAT/vKAT**](https://katana.network/blog/the-network-is-katana-the-token-is-kat): if you hold the KAT token and lock it for vKAT, you *vote* on which defi pools future KAT emissions go. over time, vKAT holders will be able to receive actual revenue generated by the chain, like from sequencer fees, vaultbridge yield, and offchain stablecoin yield. other chains rely heavily on emissions and hype. katana is trying to build something more sustainable: a flywheel where **activity → real yield → more activity**, and the value created stays in the network. so yeah, it's defi, but rebuilt to actually work long-term.
there is no token presale. no one is buying KAT directly. the pre-deposit campaign rewards users who bridge assets early to help bootstrap liquidity and kickstart the flywheel. rewards include KAT, NFTs, and more. two frontends are available based on user preferences: 📦 [Katana Krates](https://app.katana.network/krates) – deposit and earn Krates (lootboxes) for shot at rare, outsized potential rewards like 10M KAT or a cryptopunk. pre-deposits fully liquid post-mainnet in late june/early july. 🐢 [Turtle Club](https://app.turtle.club/campaigns/katana) – traditional defi pools, predictable APRs based on a 1b FDV. 3-month soft commitment (can pre-deposit assets withdraw early, but receive a haircut on rewards) No KAT tokens are transferred until post-launch, and KAT for users unlock before anyone else: round 1 of KAT unlocks: pre-depositors & core app users unlock no later than feb 2026 (likely sooner) round 2 of KAT unlocks: infra & core contributors unlock no sooner than may 2026
Other than voting, what utility would KAT / vKAT have? Is KAT necessary to participate in defi on Katana?
tldr; KAT is the native token of the Katana ecosystem, designed to align users and core apps through a decentralized model. With a total supply of 10 billion, KAT is non-transferable until February 20, 2026, or earlier. It powers the ecosystem by enabling holders to earn fees and direct incentives via vKAT, a voting token. The tokenomics prioritize community participation, with no pre-sales or VC investors. KAT will support liquidity, incentivize users, and drive sustainable growth through a modified ve(3,3) model, benefiting the entire DeFi ecosystem on Katana. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Have they released the tokenomics on KAT? I can’t seem to find anything on Google.
Damn! All staked MATIC was automatically upgraded. I think you’ll still be alright as long as you keep staking. The KAT payout is a 4-year process (if I recall correctly, not at my desktop, would need to read the tokenomics blog post to be sure)
$KAT - The ultimate mematic crypto Visit : https://www.EagerCat.Com
$KAT - The ultimate mematic crypto Visit : https://www.EagerCat.Com
$KAT - The ultimate mematic crypto Visit : https://www.EagerCat.Com
$KAT - The ultimate mematic crypto Visit : https://www.EagerCat.Com
I really like NEXA too and got a bit out of the last small bump. Heard good things about KAT and couple of other AI coins too
Maybe KAT would've been a better example than the piratebay, since that founder actually got arrested.. Point is there's always 2 or 3 contradicting laws, and they'll just pick whichever fits their narrative, and if there is none, they'll just adapt one. Like how they recently rebranded piracy websites to fall under "dangerous markets" or something, whatever that means..
Limewire and KAT.. good old days..
I don't know if all the coins are newly listed; I checked many of them, and a lot have a trading history that's a couple of weeks old (albeit, like I said, with not much activity until the sudden meteoric spike). I have seen KAT too, so I'm guessing it is some kind of coordinated thing
The biggest gainer on kucoin is usually newly listed and pumping. However kucoin def has some older (prob dead) projects such as KAT that constantly pump and dump every few months it seems. Those are prob choreographed/planned.
SURV, KAT, MAKI super liquid and all offered huge opportunities for scalps today. Seems like it’s been forever since a day like this, thanks crypto gods.
I personally follow very small market cap coins, my 3 gems are AI, KAT, and SYLO. If you really look into them, you’ll understand the potential of these 3 for the long term
Bought AI and KAT. I see so much potential in these 2 projects, my long term HODLS.
Dunno about KAT, but KDA doesn't have atomic composability and has 1 minute finality making it *very* unsuitable for defi adoption long term. I don't know about short term, but, for the reasons I've touched on above, i doubt it compares to Radix.
dont sleep on Kambria (KAT) coin crazy potential , the team behind it is crazy not only that its been up 133.06% in the last few weeks !!!!!!
I mean… there is KAT (Kambria Network) coin on the Kucoin exchange! That’s pretty close! 😏
Everyone's wondering where the cat coins are, but what about KAT? Close enough for you?
Had I bought the 10 BTC back in 2012 (but couldn't, a family member took that money away), right now I would be chilling in a moderate eco hotel in some tourist town, smoking weed, playing games, watching reruns of sitcoms and downloading a huge terabyte stack of documentaries from KAT/PirateBay.
CARR POLX DENT KAT (Kambria) - most interesting in my opinion with room to go, it’s aimed at collaborating on Deep Tech. I’m always looking for unique coins particularly if they are involved in projects like robotics, AI, VR, AR, etc.
I disagree KAT is substantially underrated, he's just on an awful team, with bad management. Wolves ain't it
KAT as ALGO makes me wanna dump all my ALGO cause that dude isn't getting any better. Maybe Tatum is a better choice.
Thank you! Cryptocurrencies are just the tip of the Blockchain iceberg! (blockberg?) It's still too early to even say we're early. Internet-wise, we're at about '95/'97 adoption. We're still running dial up man! We've barely begun to scratch the surface on what is possible with Blockchain and it's iterations. A whole new world of innovation awaits us. Projects like VeChain working with Walmart, Audius with TikTok, and so many more that are integrating blockchains into sectors other than finance. If you think that's as far as it goes, you're sorely mistaken. Take a look at KAT and what they're trying to build. Talk about early. The future possibilities are literally endless. 5-10 years and quantum blockchains will be the buzzword. Innovation hasn't even begun to unfold.
I LOVE KIT KAT’s
Their new ownership group is finally going to help change that organization. Get grumpy KAT and D'Lo out and rebuild around Edwards.
WHAT'S THAT? WHOSE THAT? MOON KAT!!! 🌙🐱 Doge is scared...
#My friends… currently there’s a hackathon with KAT (Kambria) as the pushing currency for winners. Look into it.. researchers of robotics and AI are getting funded by this currency Take it from a physician. This is the future
My friends… currently there’s a hackathon with KAT (Kambria) as the pushing currency for winners. Look into it.. researchers of robotics and AI are getting funded by this currency
#The future is AI and robotics … just discovered KAT (Kambria) and I’m thinking this might have some great potential. Any thoughts ??
BTT, ADA, KAT, TEL, DOGE, SAFEMOON, ELONGATE, and SHIB for shits and giggles
If you‘re looking for kucoin gems, also take a look at $KAT and $VSYS
KuCoin gems: KAT, VSYS 👀
Boys, throwing some gambling money into something tonight, shill me the best moonshots available on KuCoin or Binance.Us! Already got BEPRO, ONE, and KAT 🤙🏼
Anyone here bought into, or know much about KAT? I saw it had a low market cap and was available on KuCoin, which is about all I need to know to invest! Lol
I would love to hear why you think BTT and KAT specifically.
#when people told me to avoid DOGE I said nahhhhhhh. Bought in at .0016 back in February 2020. If you’re looking for another underrated currency.. the next moves are BTT and KAT. Thank me later 🚀
Some KuCoin moonshot like SYLO or KAT
I'm looking to make a $1000 punt on something with lots of volatility and that's really cheap. Will be hodling until I can cash out and buy a lambo. Anyone got any thoughts on KAT for a long term hodl?
Where can I buy KAT? What exchange offers it?
Has anyone heard of a low cap coin Kambria? They are a tech team working on AI blockchain integration. Short name is KAT
GVT - 4.4 million tokens and has a fully operational and successful platform. KAT - tech head development, peer reviewed. Incredible white paper with a solid team trying to integrate AI and Robotics with blockchain. Incredibly low priced with high upside and future
I’m loading up on GVT and a AI project called KAT (Kambria).
I think KAT and VRA should be listed on Binance
Thanks. You interrupted me deciding whether or not to go all in on KAT or DOGE
What do you think about KAT? Nope, not Karl Anthony Towns
Bullish on projects that use the Binance chain now. And a little old AI project you may have yet heard of (Kambria). I’d like to see KAT listed on Binance soon
Ready for KAT to explode
Watching Verasity break out meanwhile quietly on the Binance DEX.. Kambria (KAT). Everyones looking at the top 100 when it's the alt coins outside that are doing the lifting now.