katana26

what's katana?

Katana is a DeFi lending and borrowing protocol that enables users to earn yield on both their collateral and loans. The platform integrates with Yearn Finance vaults, allowing users to use yvvb tokens as collateral while earning rewards. Key features include a "get paid to borrow" mechanism, revenue sharing with active users, and partnerships with major DeFi protocols like SushiSwap, Morpho Labs, and Turtle protocol. The platform offers 100%+ APRs on certain pools and distributes rewards in multiple tokens including their native $KAT token. Built on Polygon with VaultBridge technology, Katana recycles treasury profits and yield back to users, creating a sustainable liquidity flywheel. The project has already donated $200k into Katana Yearn vaults and has upcoming developments planned for October 2025, with SushiSwap teasing major announcements.

Snapshot

Katana integrated LiFi for cross-chain deposits into vaults from over 60 chains.

3H ago
PARTNERSHIPOfficial

Integrated with LiFi Protocol to enable cross-chain deposits into Katana vaults from over 60 chains.

1W ago
PARTNERSHIPOfficial

Integrated with AIWayfinder's Wayfinder SDK v0.10.0 and hosted OpenClaw service, enabling 24/7 agents with DeFi capabilities and support for Katana, Monad, and MegaETH chains.

2W ago
VISIBILITY EVENTOfficial

Hosts a live AMA with KuCoin on 2026-04-01 to discuss vKAT, yields, liquidity, and DeFi ecosystem features.

PARTNERSHIPOfficial

Integrates with Charm Finance and Steer Protocol for automated staking of DEX LP positions.

MARKET ACTIVITY

KAT-PERP perpetual futures market entered full-trading mode on Coinbase International Exchange and Coinbase Advanced, with limit, market, stop, and stop limit orders now available.

MARKET ACTIVITY

Listed KAT token on Upbit exchange across KRW, BTC, and USDT trading pairs.

MARKET ACTIVITY

Listed KAT token on Bithumb exchange with KRW trading pair.

3W ago
TEAM UPDATE

Appointed Matt Fisher (@mfisher10x) CEO on March 24, 2026.

ONCHAIN METRICS

Has surpassed Aptos, Cronos, and Monad in TVL despite experiencing a 50% drawdown in liquidity over recent weeks.

PARTNERSHIP

Acquired IDEX exchange to integrate spot, routing, and derivatives into a single stack.

RISK ALERTOfficial

Confirmed that vaults remain unaffected by USR, wstUSR, or RLP exposure, with all positions fully collateralized, healthy, operational, and secure.

MARKET ACTIVITY

KAT futures trading challenge launches on Binance with 7.5M KAT in prizes distributed across two rounds.

TECH EVENT

Deployed on Base, powered by LayerZero.

TECH EVENTOfficial

Launched Katana Perps, a native perpetuals DEX, on March 23, 2026, with Season 1 points program.

PARTNERSHIP

Partnered with Conduit as infrastructure partner for architecture and launch support.

ONCHAIN METRICSOfficial

Integrated with protocol_fx, offers up to 60% APR on fxUSD/USDC liquidity pool.

ONCHAIN METRICS

Achieves over 95% productive TVL ratio.

1M ago
ONCHAIN METRICS

Reached over $300M in deposits for USDT yield product curated by Gauntlet within the first week of launch on Katana.

MARKET ACTIVITY

Launched TGE and listed on Binance, Kraken, Coinbase on March 18, 2026, with a +47% price move reaching $160M fully diluted valuation.

ONCHAIN METRICS

Generated $3.5M+ revenue in less than one year with $0 from VCs prior to TGE.

PARTNERSHIP

Integrated with Yearn's ySplitter product, enabling vault depositors to receive yield in different tokens through Katana.

ONCHAIN METRICS

Reached $700M TVL, increasing from $200M within one week, before token generation event.

ONCHAIN METRICSOfficial

Integrated with ShapeShift Earn, Yield Protocol, and Morpho to offer Morpho vaults curated by Yearn, boosting TVL by 109% to March 4, 2026. Failed to sustain liquidity, losing 40% of gains by March 17, 2026, as supply rates dropped to 1% due to lack of demand.

ONCHAIN METRICSOfficial

AUSD borrow rates sit near 0%.

ONCHAIN METRICS

Received $119.89M in transfers from Ethereum over a 24-hour period ending around March 3, 2026, representing a 200% increase compared to the previous 24-hour period.

ONCHAIN METRICS

73% of Ethereum transfers were processed via the Agglayer canonical bridge and 26% through LayerZero during the 24-hour period ending around March 3, 2026.

PARTNERSHIPOfficial

Launched on OKX Web3 platform April 12, 2026, integrating with OKX Earn Program for Morpho vaults, offering USDT yield and KAT rewards from a 65M KAT pool ahead of TGE. Listed on OKX Africa exchange April 13, 2026.

MARKET ACTIVITY

Listed on Binance and Bybit for pre-market trading.

VISIBILITY EVENT

Katana's representative will appear on Developer_DAO's DevNTell stream on 2026-03-07.

FINANCIAL EVENTOfficial

Launches Season 1 incentive program on Binance Wallet Earn March 3-16, 2026, distributing 50M KAT for $100 vbUSDC in Morpho vault with 5-25% borrower rewards. Begins Season 2 KAT rewards and holds a Pre-TGE Prime Sale on Binance Wallet March 16, 2026.

TECH EVENTOfficial

Launched MCP server and Skills layer for AI agent integration with 60+ tools, providing live data for prices, gas, markets, and perps; hosts technical walkthrough on April 10, 2026, demonstrating integration with swaps, vaults, voting, and perpetuals. Released portfolio UI updates for Morpho vaults, Sushi LPs, and borrow positions.

VISIBILITY EVENT

Featured in Yields of the Week report by Nomatic Capital alongside withAUSD.

TOKEN ECONOMICS

vKAT voting rewards can be claimed in multiple tokens including KAT, USDC, WETH, and WBTC, with users able to choose their payout mix.

VISIBILITY EVENT

Participates in a panel discussion on AI x DeFi alongside Avalabs, Hypernest, and Metis, covering liquidity design, execution layers, and autonomous systems.

TOKEN ECONOMICS

Distributes trading fees from Katana Perps to chain-owned liquidity and vKAT rewards, including vote incentives and exit fees.

TOKEN ECONOMICSOfficial

Launched vKAT and avKAT staking variants. Epoch 1 vKAT voting in Armory runs March 26-31, 2026; 91% of vKAT voted.

ONCHAIN METRICS

Reached $10.8M in deposits during Shogun Season via Jumper Exchange routes.

ONCHAIN METRICS

Distributed 1.15M KAT tokens as rewards during Shogun Season.

PARTNERSHIP

Joined Immunefi's security ecosystem with an $80,000 bug bounty program and gained access to Immunefi's full platform including bounties, audits, audit competitions, onchain monitoring, PR reviews, and brand protection.

FINANCIAL EVENT

Integrates native yield into CEX Earn programs, supporting hundreds of millions in Productive TVL and enabling earning directly from exchange accounts before token transferability.

TOKEN ECONOMICS

Delayed token transferability from February 20, 2026 to March 2026 due to a contract upgrade, keeping KAT and vKAT balances and deposit earnings unchanged.

2M ago
TECH EVENT

Launched Telegram Yield Bot, locking bridged assets into Morpho vaults on Ethereum L1 for Yearn, Morpho, and Sushi strategies, issuing vbTokens (vbETH, vbUSDC, vbUSDT, vbWBTC). Added lender borrower strategies to yvvbBTC and yvvbWETH vaults.

TECH EVENT

Launched Season 1 Onchain Quests, allowing users to complete onchain actions like swaps and deposits to earn XP and badges.

PARTNERSHIP

Integrated with Atomic Wallet to provide users default access to Katana's yield and liquidity features.

FINANCIAL EVENTOfficial

Launches airdrop program with 25M KAT prize pool, with claims opening 2026-04-09 for users who deposited in Katana Vaults via Lombard Finance.

VISIBILITY EVENT

Held Katana Summit at Consensus HK 2026 with over 1,000 attendees, featuring a keynote, 4 panels on DeFi and institutional capital, and a new program preview. Hosted a panel on 2026-02-09 with GSR, MF, and Auros Global.

PARTNERSHIPOfficial

Integrated Spectra Finance for principal and yield token trading, offering 8% yield on USDC vault fixed yield positions with 4% borrow cost, and added portfolio display for PT, YT, LP market values with expiry dates. Launched KAT rewards for DEX liquidity providers staking LP positions to Katana Pools and MetaVaults on February 17, 2026.

PARTNERSHIP

Launched "Shogun Season" incentive program with Jumper Exchange, distributing $270,000 in KAT via Yearn Finance's USDC vault, ending 2026-03-05; unlocked KAT rewards 2026-03-19.

ONCHAIN METRICS

Recorded $1.2B DEX volume during Q4 2025.

ONCHAIN METRICS

Reached $45 million in total value locked in liquidity pools during the OKX wallet bonus event.

3M ago
FINANCIAL EVENT

Monthly USDC rewards program of $20,000 for top 25 participants ends after February 2026.

TECH EVENT

Released a new Yield Token modeling tool.

MARKET ACTIVITY

integrated with Rango Exchange's multi-chain hub, enabling cross-chain routing across over 80 chains

PARTNERSHIP

Powers settlement and execution for Bluff, an onchain sportsbook that processed approximately $5B in wagered volume during its Pre-Launch phase over 8 weeks.

PARTNERSHIP

Activity on Katana makes users eligible for the Espresso Systems airdrop.

PARTNERSHIP

Partners with thedefiedge to promote its unified DeFi interface and long-term liquidity strategy.

ONCHAIN METRICS

Stablecoin market cap increased by 8% over a 7-day period ending December 17, 2025.

Onchain activity increases chances of securing whitelist spots for the NFT mint. Additional information about an NFT flywheel mechanism is coming soon.

The project becomes the newest addition to the Polygon Agglayer ecosystem, discussed in L2BEAT Talk episode 2 with Marc Boiron and Ignatius Widjaja.

4M ago

Whitelist access for the mint is available through the Katana ID campaign, which is now extended to December 31.

Official

Generated tokens on March 18, 2026, with airdrop distribution, then launched and settled at $100M FDV on March 19.

Designed vKAT Armory coordination system with Aragon Project.

Aegis integrated yoUSD deposits on Katana.

SushiSwap V3 runs an active yield farming campaign on Polygon for vbUSDT-vbETH pool with 277% APR and $313,040 TVL through January 7, 2026.

Official

Launched Genesis NFT, stakeable and linking to AggLayer VaultBridge liquidity engine. VaultBridge converts bridged assets to yield-generating assets on Ethereum, routing yield back to users. Mint proceeds strengthen Treasury; holders earn $KAT-backed returns.

Katana held a Korean Meetup in Seoul with Head of DeFi EauDoon presenting, and more community events are planned.

Campaign with rubyscore_io extended, giving additional opportunities to access the NFT whitelist.

Official

Directed users to obtain Katana ID and complete Ruby badges, including a new 15 XP email verification quest, for an upcoming drop.

November revenue totaled $345K (down 25%) with TVL at $424.6M maintaining 95% productive capital, while transaction fees grew 7% to $19.9K marking the fourth consecutive month of growth. Yearn generated $68.5K revenue (up 5.3%) capturing 83.8% of app revenue, while SushiSwap revenue dropped 81% to $13.2K, and median fees remained at $0.000602.

Marc Boiron (CEO of Polygon) keynoted at Stable Summit on L2 design, concentrated DeFi liquidity, and vKAT flywheel for institutional stablecoin functionality; avKAT staked positions are liquid and tradeable on SushiSwap.

The new Katana app will be powered by TrailsHQ, offering 1-click functionality for earning boosted yields on the platform.

The boost program receives an extension that increases yield earnings across all vaults, with USDC/USDT vaults currently offering approximately 40% APY plus KAT points and additional yield rewards.

Morpho holds over $303m TVL across 5 markets on Katana, while SushiSwap holds over $120m with USDC/USDT pool offering 21.93% APR including KAT rewards.

The KAT vault boosting program is being extended, allowing Yearn Finance vault token holders to continue earning native Katana L2 yield, VaultBridge donations, and boosted KAT rewards.

NFT mint is approaching soon.

Integrated Morpho protocol, dTRINITY DeFi, and Yearn Finance, enabling USDC borrowing with ETH or WBTC collateral and incentives in ETH, MORPHO, USDC, and KAT during Shogun Season.

Katana leverages Polygon CDK OP-Geth, a variant of OP Stack with zk proofs, for enhanced interoperability on Agglayer.

Polygon founder Sandeep Nailwal discusses his pride in having Katana - described as "the DeFi Super App" - built on Polygon in an upcoming podcast interview releasing this week.

Katana reaches $426.7m in overall TVL, with Turtle chain contributing $159m (37.2% of total).

LINK/ETH liquidity pool goes live on SushiSwap with $KAT farming incentives, and $KAT token is valued at $0.10 per token (1B FDV) for pre-TGE DeFi calculations.

Genesis NFT stakers earn yield from the mint treasury through the DeFi engine.

Katana sponsors advertisement slots in a weekly crypto podcast roundup discussing market topics including L1 valuations, liquidity, and industry developments.

Mint occurs in 2 days offering free NFT and whitelist spot access.

Mint proceeds fund an NFT Treasury, and holders can stake their NFTs to earn yield generated by the treasury.

PEPE/ETH trading pair goes live on SushiSwap on Katana with yield farming opportunities available.

TVL exceeds $430M; RubyScore ID expires December 10, Yapper campaign Season 1 potentially ending same date. Launched Season 2 questing program with 7.5M $KAT rewards, up from 2.5M $KAT in Season 1.

LINK/ETH trading pair goes live on SushiSwap on Katana with yield farming opportunities available.

Katana's Institutional & Protocol BD representative participated in a panel at Vault Summit discussing credit as infrastructure for DeFi alongside Morpho Labs co-founder.

NFTs will use the ERC-6220 Ethereum standard allowing composable and equipable features, with the mint scheduled for this month.

Implements ve(3,3) tokenomics with vKAT token mechanics, including direct emissions, pool fee earnings, LP yield boosting, and avKAT auto-compounding. vKAT holders earn fees from voted markets, voting incentives, and exit fees from unstaking via 45-day cooldown or instant withdrawal, with vKAT granting voting power on bi-weekly emissions.

Katana has not yet had its Token Generation Event and is expected to TGE in 2026.

Multiple revenue streams power the flywheel: VaultBridge revenue, sequencer fees, AUSD treasury returns, and chain-owned liquidity returns.

VaultBridge has routed over $95k in yields back to users, with vbTokens integrated across Morpho, SushiSwap, and Yearn Finance for monetization on the ecosystem.

WETH supply on the platform delivers 21% rewards according to a weekly portfolio strategy update from hgETH.

All Katana V3 Vaults and VaultBridge are not affected by a recent incident, with different codebases providing security separation.

Katana Warriors NFTs can be staked to earn DeFi yield directly from the chain itself, with NFT distribution prioritizing active Katana users who interact with apps and socials.

Season 1 allocates 2.5M $KAT as rewards for onchain activities including borrowing, lending, swapping, staking, and creating memecoins. Completing tasks on RubyScore provides guaranteed whitelist access for the Katana Warriors NFT mint in December.

Infinit Labs integrates with GateWeb3 to reach 43M+ users, expanding access across multi-chain deployments including Katana, Mantle, and Base.

TGE phase is active with KAT token not yet launched, and yield farming is available through Merkle platform based on theoretical $1B FDV.

INFINIT V2 features new integration with Katana and Plasma, with users utilizing the platform to complete Katana ID minting processes.