A newly launched decentralized finance (DeFi) blockchain, Katana, has announced the launch of its private mainnet. Developed in collaboration with industry leaders Polygon and GSR, Katana aims to create a unified liquidity hub, streamlining yield generation from diverse sources. The team's ultimate goal is to power a self-sustaining DeFi ecosystem for long-term growth. According to Marc Boiron, CEO of Polygon Labs, Katana was created to tackle the issue of DeFi fragmentation, where digital assets are scattered across multiple apps and ecosystems, hindering investment opportunities.
Built using Polygon's AggLayer platform, Katana seeks to establish a deep liquidity hub, enabling every chain to tap into it. The network has been designed to improve liquidity across various DeFi strategies by integrating with popular apps such as Sushi and Morpho. While Polygon Labs contributed to the chain's design, GSR provided guidance on user experience and is supporting the platform with on-chain liquidity. Currently, Katana is accessible to a limited user group, offering a pre-deposit phase where users can deposit ETH, USDC, USDT, and WBTC for a chance to win KAT tokens.
The network's public mainnet is expected to launch by the end of June, with early deposits being incentivized through a reward system.