Self described ‘DeFi-first’ layer-2 blockchain Katana has launched its mainnet after receiving $232 million in pre-deposits.
Deposits flooded in after Katana was revealed to the general public lower than a month in the past. DefiLlama information exhibits that deposited jumped from $75M to $2320M between June 1 and June 30.
Depositors will obtain randomized reward NFTs known as Krates, in addition to a share of 70 million KAT tokens, Katana’s native token. Upon launch, yield farmers might be ready earn extra KAT by staking on platforms like Morpho and Sushi.
The blockchain goals to resolve considered one of DeFi’s largest issues: Liquidity.
A scarcity of liquidity can result in a mess of points together with slippage, inefficient pricing and unsustainable yields.
Among the mechanisms Katana will use to resolve that the problems is VaultBridge, which is a product that allows yield era on deposited property on Ethereum, in addition to chain-owned liquidity (CoL), which permits Katana to retain 100% of web sequencer charges and convert them into liquidity reserves.
“Katana represents the endgame for the way blockchains create worth in DeFi,” Marc Boiron, co-contributor of Katana stated in a press launch.
The launch coincides with yield farming incentives together with token rewards for liquidity suppliers on Morpho and Sushi.
Regardless of being primarily based on Ethereum, Katana is blockchain agnostic so customers can generate a yield on blockchains like Solana by means of Katana’s collaboration with Jito, a liquid staking protocol.
UPDATE (June 30, 2025, 17:46 UTC): Updates to replicate new numbers in pre-deposits.
