Katana Completes Three Acquisitions and Overhauls Tokenomics, With Some Fees to Flow to avKAT Stakers

Nov. 12 — Katana announced an overhaul of its tokenomics. The existing vKAT and voting mechanism will be phased out, and users can obtain avKAT by staking KAT. Starting Nov. 17, a portion of the fees from Swap, Perps, Vault Bridge and the sequencer will flow directly to avKAT stakers. In addition, protocol fees will be used to programmatically buy back KAT on the open market, and all repurchased KAT will be distributed to avKAT stakers; the unstaking cooldown will also be shortened from 45 days to 7 days, and former vKAT holders can convert to avKAT with one click starting Nov. 17.

Katana also announced that it has recently completed three acquisitions, bringing its ecosystem's Sushi deployment (renamed Katana Swap), the perpetual contract engine IDEX (Katana Perps) and Vault Bridge into its own system. The above fee sources rely on these three native applications.