Katana (KAT) is a Layer2 blockchain for DeFi, incubated by Polygon Labs and GSR, aimed at solving the problems of liquidity fragmentation and unsustainable yields in the Ethereum DeFi ecosystem. The project is built on Polygon's AggLayer and OP Stack, concentrating core DeFi functionalities into a few key protocols (such as Sushi for trading, Morpho for lending, and Vertex for perpetual contracts) to enhance liquidity depth and capital efficiency, while achieving continuous yield cycles through mechanisms like VaultBridge and chain-level proprietary liquidity. Katana's mainnet went live in 2025, and its token KAT has a total supply of 10 billion, primarily used for governance, fee distribution, and liquidity incentives.
1. Track and Narrative: The project is positioned as a DeFi-focused Layer 2, enhancing DeFi capital efficiency through on-chain liquidity and the ve(3,3) incentive mechanism, belonging to the current popular L2 DeFi infrastructure track.
2. Background and Ecosystem Endorsement: Incubated by Polygon Labs and the market maker GSR, and originating from the Polygon AggLayer Breakout Program, it possesses certain industry resources and ecosystem support.
3. Pre-launch Fund Performance: Before the mainnet launch, pre-deposited funds exceeded $200 million, with high user participation. Prior to launch, the project carried out activities such as Krates, TVL commitments, and liquidity incentives, and set up an ecosystem incentive plan of approximately 1 billion KAT to encourage continuous user participation.
1. Pledge to obtain vKAT and participate in incentive distribution. Users can lock KAT to obtain vKAT (vote-escrowed KAT), allowing them to participate in the incentive distribution mechanism of the Katana ecosystem and guide on-chain capital and liquidity towards specific DeFi protocols or pools through voting.
2. Receive on-chain revenue sharing. vKAT holders can share a portion of the income generated by the Katana network, including sequencer fees, cross-chain bridge profits, and stablecoin yields.
3. Coordinate DeFi ecosystem liquidity. Katana uses a mechanism similar to ve(3,3), enabling KAT/vKAT to not only influence a single protocol but to coordinate liquidity and incentive distribution across the entire DeFi ecosystem, improving on-chain capital efficiency.
4. Note: KAT is not Katana's gas token (the gas is ETH), nor does it directly participate in chain upgrade governance or Vault Bridge management. Its main purpose is to serve as a chain-level DeFi incentive and value capture token.
The total supply of KAT tokens is 10,000,000,000 KAT, that is, 10 billion, 1 billion KAT, with a circulation of about 22.6% (2,260,000,000 KAT) at the time of listing. The specific allocation is as follows: Overall allocation:
1. Ecosystem & Community Treasury: 49.35% (4.935B KAT). Including:
(1) 3% (300 million KAT): Unlocked at TGE, used for providing liquidity.
(2) 2% (200 million KAT): Unlocked as reserve at TGE to support ecosystem projects funded before launch.
(3) 44.35% (4.435 billion KAT): Unlocked in equal amounts each year from the 1st to 4th year after TGE.
2. User Liquidity Mining: 20% (2B KAT). Includes:
(1) Core application incentives: 10% (1 billion KAT), with approximately 500 million KAT expected to be released within 6 months after TGE, and the remainder released over a longer term. This includes Sushi: 400 million (4%); Morpho: 250 million (2.5%); future perpetual DEX / Launchpad / yield tokenization protocols: up to 350 million (3.5%).
(2) Krates and TVL incentives: 10% (1 billion KAT). This includes Pre-deposit Krates: 70 million (0.7%); TVL commitment incentives: 930 million (9.3%). The Krates and TVL incentive portion will be unlocked first when KAT becomes transferable, ahead of core contributor tokens. If the TVL incentives are not fully distributed, the remaining tokens will flow back into the ecosystem and community treasury.
3. Community Airdrop: 15% (1.5B KAT). Includes:
(1) 11% (1.1 billion vKAT) is allocated to traditional POL stakers. 7% (700 million) will be unlocked at TGE, and the remaining 4% (400 million) will be unlocked in equal amounts per year over the 1st to 4th years after TGE (four linear releases).
(2) 4% (400 million vKAT) is allocated to Katana native liquidity stakers in POL, which will be unlocked in equal amounts per year over the 1st to 4th years after TGE (four linear releases).
4. Core Contributors: 15.65% (1.565B KAT). After the TGE, unlocked in equal amounts each year for years 1-4 (linear release in four installments).
The Katana project is jointly incubated by Polygon Labs and market maker GSR, providing early resources and liquidity support, but it has not publicly conducted traditional venture capital funding rounds or private token sales. The team launched the network using an 'ecosystem-driven' approach, distributing tokens through liquidity incentives and user participation, rather than VC presales.
The DeFi dedicated chains and Layer 2 sectors are highly competitive, including multiple mature L2s and emerging DeFi chains. The long-term differentiated advantages of projects still need further demonstration. The total supply of project tokens is relatively large, and there are arrangements for continuous release in the coming years. As the tokens are gradually unlocked, this may bring some market selling pressure.
Project Nmae： Katana
Token： KAT
Total token issuance：100亿
Token issuance time：2026/3/18
Total Circulation of Shidai Coin： around 22.6%,（2,260,000,000 KAT）
Sector： Layer2
Project Official Website： https://katana.network/
Contract Address (Explorer)：https://katanascan.com/token/0x7f1f4b4b29f5058fa32cc7a97141b8d7e5abdc2d(Mainnet Project)
Social Media ：
Twitter：https://x.com/katana，302.2K Followers
Discord：https://discord.com/invite/katananetwork，7,905 members
Katana (KAT) is a Layer2 blockchain for DeFi, incubated by Polygon Labs and GSR, aimed at solving the problems of liquidity fragmentation and unsustainable yields in the Ethereum DeFi ecosystem. The project is built on Polygon's AggLayer and OP Stack, concentrating core DeFi functionalities into a few key protocols (such as Sushi for trading, Morpho for lending, and Vertex for perpetual contracts) to enhance liquidity depth and capital efficiency, while achieving continuous yield cycles through mechanisms like VaultBridge and chain-level proprietary liquidity. Katana's mainnet went live in 2025, and its token KAT has a total supply of 10 billion, primarily used for governance, fee distribution, and liquidity incentives.
1. Track and Narrative: The project is positioned as a DeFi-focused Layer 2, enhancing DeFi capital efficiency through on-chain liquidity and the ve(3,3) incentive mechanism, belonging to the current popular L2 DeFi infrastructure track.
2. Background and Ecosystem Endorsement: Incubated by Polygon Labs and the market maker GSR, and originating from the Polygon AggLayer Breakout Program, it possesses certain industry resources and ecosystem support.
3. Pre-launch Fund Performance: Before the mainnet launch, pre-deposited funds exceeded $200 million, with high user participation. Prior to launch, the project carried out activities such as Krates, TVL commitments, and liquidity incentives, and set up an ecosystem incentive plan of approximately 1 billion KAT to encourage continuous user participation.
1. Pledge to obtain vKAT and participate in incentive distribution. Users can lock KAT to obtain vKAT (vote-escrowed KAT), allowing them to participate in the incentive distribution mechanism of the Katana ecosystem and guide on-chain capital and liquidity towards specific DeFi protocols or pools through voting.
2. Receive on-chain revenue sharing. vKAT holders can share a portion of the income generated by the Katana network, including sequencer fees, cross-chain bridge profits, and stablecoin yields.
3. Coordinate DeFi ecosystem liquidity. Katana uses a mechanism similar to ve(3,3), enabling KAT/vKAT to not only influence a single protocol but to coordinate liquidity and incentive distribution across the entire DeFi ecosystem, improving on-chain capital efficiency.
4. Note: KAT is not Katana's gas token (the gas is ETH), nor does it directly participate in chain upgrade governance or Vault Bridge management. Its main purpose is to serve as a chain-level DeFi incentive and value capture token.
The total supply of KAT tokens is 10,000,000,000 KAT, that is, 10 billion, 1 billion KAT, with a circulation of about 22.6% (2,260,000,000 KAT) at the time of listing. The specific allocation is as follows: Overall allocation:
1. Ecosystem & Community Treasury: 49.35% (4.935B KAT). Including:
(1) 3% (300 million KAT): Unlocked at TGE, used for providing liquidity.
(2) 2% (200 million KAT): Unlocked as reserve at TGE to support ecosystem projects funded before launch.
(3) 44.35% (4.435 billion KAT): Unlocked in equal amounts each year from the 1st to 4th year after TGE.
2. User Liquidity Mining: 20% (2B KAT). Includes:
(1) Core application incentives: 10% (1 billion KAT), with approximately 500 million KAT expected to be released within 6 months after TGE, and the remainder released over a longer term. This includes Sushi: 400 million (4%); Morpho: 250 million (2.5%); future perpetual DEX / Launchpad / yield tokenization protocols: up to 350 million (3.5%).
(2) Krates and TVL incentives: 10% (1 billion KAT). This includes Pre-deposit Krates: 70 million (0.7%); TVL commitment incentives: 930 million (9.3%). The Krates and TVL incentive portion will be unlocked first when KAT becomes transferable, ahead of core contributor tokens. If the TVL incentives are not fully distributed, the remaining tokens will flow back into the ecosystem and community treasury.
3. Community Airdrop: 15% (1.5B KAT). Includes:
(1) 11% (1.1 billion vKAT) is allocated to traditional POL stakers. 7% (700 million) will be unlocked at TGE, and the remaining 4% (400 million) will be unlocked in equal amounts per year over the 1st to 4th years after TGE (four linear releases).
(2) 4% (400 million vKAT) is allocated to Katana native liquidity stakers in POL, which will be unlocked in equal amounts per year over the 1st to 4th years after TGE (four linear releases).
4. Core Contributors: 15.65% (1.565B KAT). After the TGE, unlocked in equal amounts each year for years 1-4 (linear release in four installments).
The Katana project is jointly incubated by Polygon Labs and market maker GSR, providing early resources and liquidity support, but it has not publicly conducted traditional venture capital funding rounds or private token sales. The team launched the network using an 'ecosystem-driven' approach, distributing tokens through liquidity incentives and user participation, rather than VC presales.
The DeFi dedicated chains and Layer 2 sectors are highly competitive, including multiple mature L2s and emerging DeFi chains. The long-term differentiated advantages of projects still need further demonstration. The total supply of project tokens is relatively large, and there are arrangements for continuous release in the coming years. As the tokens are gradually unlocked, this may bring some market selling pressure.
Project Nmae： Katana
Token： KAT
Total token issuance：100亿
Token issuance time：2026/3/18
Total Circulation of Shidai Coin： around 22.6%,（2,260,000,000 KAT）
Sector： Layer2
Project Official Website： https://katana.network/
Contract Address (Explorer)：https://katanascan.com/token/0x7f1f4b4b29f5058fa32cc7a97141b8d7e5abdc2d(Mainnet Project)
Social Media ：
Twitter：https://x.com/katana，302.2K Followers
Discord：https://discord.com/invite/katananetwork，7,905 members