DcentraLab reposted this
Most DeFi chains attract TVL with token emissions and figure out sustainability later. Katana was built around a different model. When users bridge select assets into Katana, the underlying assets are deployed into Ethereum yield strategies, with revenue directed back into the ecosystem. Katana is now live on ChainPort, allowing users to bridge into Katana’s lending, spot, yield, and perps stack from supported chains. Separately, 100% of net sequencer fees are recycled into Chain-Owned Liquidity. That’s how Katana compounds depth over time. The chain generates revenue from day one and reinvests it, rather than relying on incentives that dilute holders over time. The ecosystem reflects that discipline. Morpho leads with $315 in lending TVL, curated by Steakhouse and Gauntlet. Yearn Finance runs $119M in yield aggregation. SushiSwap-LLC USA V3 handles spot trading at $57M. Katana Perps, built by the acquired IDEX team, launched March 24. Total TVL: $373M+. AUSD, the native stablecoin backed by U.S. Treasuries (State Street custody, VanEck management), adds another yield source that doesn't depend on token emissions. Incubated by Polygon Labs and GSR.