Katana, a new layer-2 blockchain focused on decentralized finance (DeFi), has launched on mainnet with over $200 million in pre-deposits, marking one of the most significant launches this year. Developed by the Katana Foundation, it aims to facilitate high-yield DeFi activities. Katana collaborates with decentralized exchange Sushi and lending protocol Morpho, providing incentives for liquidity providers. Instead of issuing new tokens, it integrates yields from various sources, including VaultBridge strategies, allowing users to earn Ethereum yields. Through its partnership with Universal, Katana enables trading of non-Ethereum Virtual Machine tokens like SOL and XRP directly on-chain. CEO Marc Boiron emphasized that Katana addresses liquidity demands while enhancing user experience. The platform plans to allocate 15% of its KAT token supply for an airdrop to Polygon token stakers. Katana introduces a new metric, productive total value locked (TVL), which measures actively deployed capital in yield-generating strategies, accumulating over $200 million in productive TVL before launch. Read more AI-generated news on: https://app.chaingpt.org/news

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