On July 1, news broke that Polygon and GSR have officially launched the Katana mainnet, with pre-deposits exceeding $240 million. At the same time, a two-year liquidity mining incentive program for 1 billion KAT tokens has been introduced, allowing users to participate in yield mining and other DeFi activities through the Katana application.

Currently, users can bridge core assets (such as USDC, USDT, AUSD, and ETH) through the Katana beta application and manage deposits, yields, and assets on the platform. In the coming days, native bridging support for assets like WBTC and WETH will be launched. Katana's core economic mechanisms include VaultBridge, on-chain owned liquidity (CoL), and AUSD, aimed at providing deep liquidity and sustainable yields. Early deposit users have already started earning yields through Yearn V3 vaults while enjoying KAT token rewards and additional incentives from Morpho and Sushi.

According to the plan, KAT tokens will be unlocked on February 20, 2026, or earlier, at which point holders can stake KAT to become vKAT holders and participate in the governance and yield distribution of the liquidity pool.

Previously, it was reported that the Katana chain incubated by Polygon and GSR officially launched, and Katana will airdrop about 15% of KAT tokens to users.