2 weeks ago
Katana, a caller decentralized concern (DeFi)-focused blockchain incubated by manufacture heavyweights Polygon and GSR, shared connected Wednesday that its backstage mainnet has gone live.
The caller layer-2 blockchain volition unify “all liquidity successful a acceptable of protocols and cod output from each imaginable sources," the squad shared successful a property merchandise sent to CoinDesk. Katana's extremity is "to powerfulness a self-sustaining DeFi motor for semipermanent growth,” it said.
Marc Boiron, the CEO of Polygon Labs, told CoinDesk that Katana emerged to code DeFi fragmentation, wherever integer assets are distributed crossed assorted apps and ecosystems, making definite types of investing cumbersome.
Katana was built utilizing AggLayer — Polygon's level for gathering interoperable blockchains. “One of the things that we privation is simply a ace heavy liquidity hub connected the AggLayer, truthful that each concatenation tin pat into that,” Boiron said. “When you look crossed everything successful crypto, what you recognize is that there's really nary concatenation that's built precise good for really having heavy liquidity.”
Katana aims to amended blockchain liquidity — including lending, trading, and output bearing strategies — by integrating with fashionable apps similar Sushi, a large decentralized exchange, and Morpho, a fashionable decentralized lending ecosystem.
Polygon Labs, the squad down the layer-2 network, helped plan the chain, portion GSR, the crypto market-maker, advised connected the idiosyncratic acquisition and is lending liquidity to assistance get the level disconnected the ground. “We are providing the on-chain liquidity — oregon 'grease' — to marque definite that radical tin really usage the concatenation connected time one,” said Jakob Palmstierna, President astatine GSR.
Currently, Katana is unfastened to a constricted radical of users. It includes a pre-deposit signifier that allows users to parkland their ETH, USDC, USDT, and WBTC for a accidental to triumph KAT tokens, the network's caller governance and inferior token.
Though enactment is constricted astatine this backstage stage, aboriginal deposits are being incentivized done a lootbox-style reward system. Katana's nationalist mainnet is expected to get astatine the extremity of June.
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