Katana is here⚔️ Finally, the official announcement for @katana has dropped. Read on for Pre-deposit airdrop opportunities 🪂 What's Katana? Katana is an L2 backed by @0xPolygon and @GSR_io that focuses exclusively on DeFi. I know 'not another L2' - well no, actually, this is completely different. Katana isn't a multi-purpose generic L2, it's a bold and experimental new approach to what I'm calling: 'sector specific L2's' What does that mean? Well on all other L2's you can do basically anything, it's a jack of all trades, master of none approach and within DeFi this leads to fragmented liquidity and non-productive TVL. Unlike other L2's, Katana focuses on something called 'core apps' which means it only has: One lending protocol @MorphoLabs One spot DEX @SushiSwap One perp DEX @vertex_protocol This unique and DeFi centric approach concentrates liquidity and creates productive TVL for greater yields. It also massively simplifies the UX. No more loading up a DEX to find they don't have enough liquidity for that pairing and moving onto the next one. 🥳 There are 3 core features that make Katana work: 1) Vaultbridge - bridged assets earn yield on Ethereum and rewards flow back to @katana ecosystem for boosted yield in DeFi. 2) Core app - user activity creates revenue that cycles back into the ecosystem to form deep concentrated liquidity. 3) Chain-owned liquidity (CoL) - sequencer fees and a portion of app revenue are deployed to create a base layer of liquidity. I'm going to do deep-dives on these in the future but the general idea is: more rewards = deeper liquidity = more activity = more rewards etc. Katana is basically one massive flywheel effect. OK, sounds good, I'm in, but how do I get exposure to this? You can earn $KAT the @katana native token right now as pre-deposits are now live. Just deposit ETH, USDC, USDT or wBTC to earn Krates. Krates are mystery containers which contain up to 10M $KAT, a cryptopunk, $AUSD, $SUSHI & $MORPH tokens. I deposited $12.3k worth of $ETH earlier today and earned 1,006 $KAT tokens. The more $ you deposit the more krates you earn and the higher your chances for rarer rewards. Any $KAT rewards will be locked for 9 months and pre-deposits will be available late June. Pre-deposit with shameless ref-link shill: Good luck with those krates!