Self describes the “Defi-First” layer 2 blockchain Katana launched its mainnet after receiving $180 million in preprocessing.
Less than a month ago, Katana revealed to the public that the deposit was flooded. Defillama data During June 1, deposited programs jumped from $75 million to $180 million
Depositors will receive a random reward NFT called Krates, as well as a 70 million Kat token for Katana’s Aboriginal token. Once launched, yield farmers will be able to make money by making money on platforms like Morpho and Sushi.
The blockchain is designed to solve one of the biggest problems of DEFI: liquidity.
Lack of liquidity can lead to many problems, including slips, inefficient pricing and unsustainable output.
Katana will use some mechanisms to solve the problem. Vaultbridge, a product that can produce the production of assets on Ethereum, as well as the liquidity of the chain. (Col)which allows Katana to retain 100% of the net sequence fee and convert it into a liquidity reserve.
“The Katana represents the ultimate game of how blockchain creates value in defi,” said Marc Boiron, co-entrepreneur of Katana.
The release coincides with earnings breeding incentives, including token rewards for liquidity providers on Morpho and Sushi.
Although based on Ethereum, Katana is blockchain agnostic, so users can generate yields on blockchains such as Solana through the cooperation between Katana and the liquid placement protocol Jito.
