Breaking Down the Katana Network Pre-Deposits
- Turtle Club and mining changed
@katana is a no VC, Polygon Labs and GSR incubated project.
It is a project with somewhat like Blast/Manta + Bera + Olympus with VaultBridge, Chain Owned Liquidity (COL), and its own stable, AUSD.
Katana is currently proceeding pre-deposit,
where you can deposit ETH, USDT, USDC, wBTC, etc. to receive KAT, but is not for a farming, but more like a lottery with one-time given box called Krate, where you can randomly win KAT tokens and NFTs, and most of the mid-to-high-end prizes have already been won.
Then there's this tweet ( that says, "Unclaimed prizes will be distributed based on deposit time x amount"
Of course, if 5M/10M KAT at 0.00003% / 0.00005% rewards are won, it will be very inefficient, but
officially stated that 68M KAT was left as of Jun 5th.
I guess that it is why the deposit TVL is currently over $18M.
To put it in perspective, the current efficiency rate is 3.78 KAT per $1 deposit.
I can't analyze valuation right now due to the lack of information.
Add to that the fact that Turtle Club now has a Katana Vault. (
Current TVL $65.9M
KAT Reward 100M
You can also Deposit ETH, BTC, USDT, USDC here, and the efficiency varies for each asset
Deposited assets go to @MorphoLabs Lending to earn lending interest.
In the existing Katana Docs, it said that the yield from Morpho goes to the Chain under COL (Chain Owned Liquidity), but it's worth checking if it's something different for Turtle vault.
Katana is also on the @KaitoAI leaderboard,
and I see that they have also partnered with Morpho and SushiSwap.
Maybe these are planning to onboard to the mainnet.
It doen't have VC funding, but it feels like they have resources and connections
I'm going to put some ETH into Krates vault and approach it with a lottery chance + @.
Katana Krates Pagu's Code
Turtle Club Pagu's Code
Thanks
12,32k
0
Innholdet på denne siden er levert av tredjeparter. Med mindre annet er oppgitt, er ikke OKX forfatteren av de siterte artikkelen(e) og krever ingen opphavsrett til materialet. Innholdet er kun gitt for informasjonsformål og representerer ikke synspunktene til OKX. Det er ikke ment å være en anbefaling av noe slag og bør ikke betraktes som investeringsråd eller en oppfordring om å kjøpe eller selge digitale aktiva. I den grad generativ AI brukes til å gi sammendrag eller annen informasjon, kan slikt AI-generert innhold være unøyaktig eller inkonsekvent. Vennligst les den koblede artikkelen for mer detaljer og informasjon. OKX er ikke ansvarlig for innhold som er vert på tredjeparts nettsteder. Beholdning av digitale aktiva, inkludert stablecoins og NFT-er, innebærer en høy grad av risiko og kan svinge mye. Du bør nøye vurdere om handel eller innehav av digitale aktiva passer for deg i lys av din økonomiske tilstand.