Katana, a brand new DeFi-first layer-2 blockchain, went reside on mainnet with over $200 million in pre-deposits simply weeks after its public reveal, making it probably the most capitalized debuts of any layer-2 community this yr, in response to a Monday announcement.
Developed by the Katana Basis, the Polygon Agglayer Breakout Program graduate is designed to help high-yield decentralized finance exercise at scale. Katana integrates with decentralized change Sushi and lending protocol Morpho, providing incentives to liquidity suppliers.
In contrast to conventional fashions that difficulty new tokens to incentivize participation, Katana’s design integrates yields from a number of sources, together with VaultBridge methods, which allow customers to earn native Ethereum yields inside Katana’s ecosystem, Chain-owned Liquidity (CoL) reserves and AUSD-backed treasury flows.
By its launch companion, Common, Katana permits buying and selling of common non-Ethereum Digital Machine tokens like SOL (SOL), XRP (XRP) and SUI (SUI) instantly onchain. Common has additionally built-in with Coinbase Prime to help institutional-grade custody and minting of supported property without having decentralized exchange-based pre-seeded liquidity.
Associated: Polygon-backed, high-yield blockchain Katana launches for institutional adoption
Talking to Cointelegraph, Marc Boiron, CEO of Polygon Labs, stated Katana’s major purpose is “to deal with the liquidity calls for of the Agglayer ecosystem whereas assembly customers’ wants for deeper liquidity and better yields.”
“Belongings aren’t simply idle — they’re actively deployed, driving actual utilization, sequencer charges and app-level charges, all of which stream again into sustaining deeper liquidity,” he added.
Katana has earmarked round 15% of its KAT token provide for an upcoming airdrop to Polygon (POL) token stakers, together with these holding liquid staking derivatives. The transfer goals to reward early supporters and deepen ties to the broader modular Ethereum ecosystem.
Katana measures asset effectiveness with productive TVL
Katana introduces a brand new benchmark for measuring DeFi capital effectivity: productive whole worth locked (TVL). In contrast to conventional metrics that observe idle asset deposits, productive TVL solely accounts for capital actively deployed into yield-generating methods or core DeFi protocols. Forward of its mainnet launch, Katana accrued over $200 million in productive TVL.
Katana stated its coordinated yield mechanisms flip passive capital right into a self-circulating financial engine. VaultBridge redirects bridged property akin to Ether (ETH), USDC (USDC), USDt (USDT) and wBTC (WBTC) into offchain yield-bearing positions, totally on Ethereum. These returns are looped again into Katana’s onchain DeFi swimming pools, benefiting customers who hold their property in movement. Chain-owned liquidity goals to make sure sequencer charges are constantly recycled into liquidity reserves.
Boiron defined the advantages of “productive TVL” to Cointelegraph, saying it “gives a clearer image of what’s actually occurring behind the scenes.”
He added, “It displays precise utilization, financial effectivity and long-term sustainability.”
The launch follows latest DeFi infrastructure advances, together with Agora’s AUSD, a yield-bearing stablecoin that channels returns from US Treasury and repo markets into Katana’s protocols. These flows, mixed with Katana’s sensible yield routing, type the inspiration of its productive TVL mannequin.
Journal: DeFi will rise once more after memecoins die down: Sasha Ivanov, X Corridor of Flame
