katana is where defi grows up | 0xMarcB on Binance Square

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katana is where defi grows up

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It has become a custom for chains to launch and target the highest TVL possible. This is a mistake. Not all TVL is created equal: 1. Productive TVL (i.e., TVL actively used in an ecosystem) is much more valuable than passive TVL, which is a cost to the ecosystem with no benefit. 2. Stables are more valuable than BTC given the greater borrowing and trading in those assets. From day 0 of @katana, we’ve decided to do it the hard way: bring in valuable, productive TVL. Don’t go for inflated TVL that has negative value. This means TVL on katana will be lower than other ecosystems. But the value the TVL drives will be much higher.

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just scored 5 KAT in a @katana krate ⚔️ https://app.katana.network

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If you can turn off servers you run and people cannot submit new transactions on the chain using those servers, then your chain is not decentralized. This isn’t a hard concept. But, it doesn’t matter that your chain isn’t decentralized for most use cases as long as you can guarantee most of the benefits of decentralization as a rollup with an existing proof system. Just admit your chain isn’t decentralized and then explain why it doesn’t need to be to give users the protections that web2 can’t provide.

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If you still think people aren’t using Polygon for payments, see last month's stablecoin numbers: $134B transfer volume (+33% mo/mo) $2B supply (+8%) 68x velocity (prev 56x) 5M active addresses (+16%) 67M transfers (+9% / passing Tron at 65.8M)

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The best UX is the one where people don’t even know they’re onchain. That’s the goal.

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