Katana, a DeFi-first layer-2 blockchain, has officially launched its mainnet after accumulating $232 million in pre-deposits. This launch entitles early depositors to receive unique NFTs known as Krates and an allocation of 70 million KAT tokens.

Key Highlights

• The influx of deposits surged from $75 million to $232 million within a month.
• Aiming to address liquidity issues in DeFi, Katana will leverage a feature called VaultBridge for generating yield across chains and will retain all sequencer fees as liquidity reserves.
• While predominantly based on Ethereum, Katana supports yield farming across various ecosystems, including Solana, through strategic collaborations such as with Jito, a liquid staking protocol.

Depositors will be rewarded with NFTs and KAT tokens. This approach aims to tackle liquidity problems, which often lead to inefficiencies in pricing and unsustainable yields. Marc Boiron, a co-contributor of Katana, highlighted that “Katana represents the endgame for how blockchains create value in DeFi.”

Despite its Ethereum roots, Katana’s capabilities allow users from other networks to generate yields seamlessly.