How It Works Features Pools Staking Security FAQ
$240M+
Pre-deposits
↑ From early participants
$3M+
Vault Bridge Revenue
Real yield generated
100%
Sequencer Fees Recycled
Into Chain-Owned Liquidity
200K+
Krate Loot Boxes Opened
By community
1B
KAT Available as Incentives
To bootstrap the network
The DeFi Flywheel

Deep Liquidity.
Better Execution.

The DeFi flywheel that compounds. More activity means more fees, which means deeper liquidity, which means better execution — attracting even more activity.

STEP 01

It starts when you bridge

Bridge supported assets to Katana and receive 1:1 vbTokens. Under the hood, the underlying assets are deployed into yield strategies, creating revenue that flows back into the ecosystem.

STEP 02

Capital goes to work by default

Katana is designed for productive capital. Deploy assets across spot and lending markets to earn real yield and incentives driven by actual usage, not just short-term liquidity programs.

STEP 03

Revenue is recycled into liquidity

100% of net Katana sequencer fees are recycled into Chain-Owned Liquidity (CoL), deepening core markets over time and improving execution in any market regime.

STEP 04

Builders launch into depth

Applications bootstrap faster by building on deep baseline liquidity and a shared incentive engine, reducing reliance on isolated emissions and fragmented liquidity programs.

STEP 05

Everything compounds

More trading and borrowing generates more fees, which deepens liquidity, which improves execution, which attracts more activity. As vKAT expands across the stack, incentives become increasingly directed by long-term participants.

"Everything that Katana is targeting is for the benefit of the DeFi ecosystem."
Mark Gerhart
Morpho Labs
"Think of it as Katana earning from its own AUM, and then directing that to the places that will create the most network effects."
Nick Van Eck
Agora
"Through Katana, we have access to the architecture to stop playing short-term yield games and start building something that lasts."
Jared Grey
Sushi
Built for Productive Capital

Core Infrastructure.
Real Yield.

Everything you need in one unified DeFi protocol. Katana concentrates liquidity and incentives for better outcomes: deeper pools, better rates, consistent execution.

🏦

Vault Bridge

Vault Bridge deploys select bridged assets (USDC, WETH, WBTC, USDT) into yield-bearing strategies. Generated over $3M+ revenue since launch, reinvested as sustainable real yield for all users.

$3M+ Revenue
💧

Chain-Owned Liquidity (CoL)

Protocol-owned liquidity funded by 100% of net sequencer fees. Deepens key markets, improves execution, supports stable borrowing rates, and absorbs volatility in any market regime.

100% Fee Recycled

Smart Order Routing

Katana's aggregator splits orders across multiple liquidity sources to guarantee best execution price with minimal price impact on every trade. Sub-second finality on all swaps.

<1s Finality
🔀

Cross-Chain Bridge

Bridge assets across multiple networks with optimized routing. Secure relayer-based bridging with the best rates, supporting USDC, WETH, WBTC, USDT, and more.

Multi-Network
🏆

Real Yield Rewards

Revenue is generated from actual protocol usage and recycled as real yield. No unsustainable emissions — rewards backed by real trading volume, lending activity, and Vault Bridge revenue.

Sustainable APY
🗳️

vKAT Governance

Lock KAT to receive vKAT. Direct incentives across eligible pools and applications. Earn fees from the markets you vote for, plus vote incentives from protocols competing for liquidity.

KAT → vKAT
📊

Concentrated Lending & Borrowing

Access deep lending markets powered by Morpho. Borrow against your assets or supply liquidity to earn lending yield, with rates driven by real market demand and concentrated liquidity.

Morpho-Powered
💵

AUSD Stablecoin

Katana's native stablecoin backed by U.S. Treasuries. Issued by Agora with reserves custodied by State Street and managed by VanEck. Supports incentives across lending and liquidity pools.

Treasury-Backed
Liquidity Pools

Top Pools.
Real APR.

Provide liquidity in Katana's core pools. Earn trading fees and KAT incentives directed by vKAT voters.

WETH / USDC TOP POOL
TVL
$84M
APR
22.4%
24h Volume
$12M
Rewards
KAT + Fees
WBTC / WETH HIGH APR
TVL
$56M
APR
28.6%
24h Volume
$8M
Rewards
KAT + Fees
AUSD / USDC STABLE
TVL
$42M
APR
14.8%
24h Volume
$6M
Rewards
KAT + Fees
Staking

Stake KAT.
Earn Real Yield.

Multiple ways to earn with Katana — from liquid strategies to governance-aligned long-term participation via the vKAT Armory.

KAT Liquid Staking
APY8.4%
TVS$120M
UnstakeInstant
CompoundAuto
vKAT Armory
APY16.2%
TVS$68M
LockCooldown Period
BonusVote Power + Fees
AUSD Lending Vault
APY11.5%
TVS$45M
UnstakeFlexible
RewardAUSD + KAT
Security First

Non-Custodial.
Audited. Trusted.

Katana is built with institutional-grade security. Your assets remain under your control at all times. No admin keys, no upgrade backdoors.

🔐

Non-Custodial Architecture

Your keys, your assets. Katana never holds user funds. All operations execute via audited on-chain programs with no intermediary custody.

🛡️

Multi-Sig Governance

Protocol upgrades require multi-sig timelock approval with delay periods. Community veto rights before any changes go live.

🔍

Formal Verification

Core swap and AMM logic has been formally verified. Contract logic is deterministic and mathematically proven correct.

💰

Active Bug Bounty

Security researchers are actively incentivized to find and responsibly disclose vulnerabilities through the Katana bug bounty program.

Otter Security
Core Protocol Audit
✓ PASSED
Trail of Bits
Smart Contract Review
✓ PASSED
Halborn Security
Full Protocol Audit
✓ PASSED
FAQ

Everything You Need to Know

About Katana DEX, the KAT and vKAT system, and how to get started on katana-dex.com.

Katana DEX is a full-stack DeFi protocol built for deep liquidity and sustainable yield. It combines asset swapping, cross-chain bridging, concentrated liquidity pools, lending and borrowing via Morpho, and KAT staking — all in a single non-custodial platform. The protocol is incubated by Polygon Labs and GSR and is available at katana-dex.com.
Connect your wallet via the Katana App, select the assets you want to swap, enter the amount, review the route and price impact, and confirm the transaction. Katana's smart order routing automatically finds the best price across all available liquidity sources. Transactions confirm in sub-second time.
KAT is the native governance and incentive asset of the Katana protocol. You can earn KAT by participating in the ecosystem — providing liquidity, trading, lending, and borrowing. 1 billion KAT is available as incentives to bootstrap the network. Stake KAT to receive vKAT for additional yield and governance power.
Lock KAT to receive vKAT, which allows you to direct incentives across eligible pools and applications. vKAT voters earn a share of fees from the markets they vote for, plus vote incentives from protocols competing for liquidity. Unstaking enters a cooldown period, and early exits incur a fee that is redistributed to remaining vKAT holders — rewarding long-term alignment.
AUSD is Katana's native stablecoin backed by offchain U.S. Treasuries. Issued by Agora, with reserves custodied by State Street and managed by VanEck, AUSD brings offchain yield onchain. It supports incentives across AUSD-denominated lending markets and liquidity pools on the Katana network, providing a stable and yield-bearing base asset.
Vault Bridge deploys select bridged assets (USDC, WETH, WBTC, USDT) into yield-bearing strategies. When you bridge assets to Katana, the underlying capital is put to work generating revenue. Vault Bridge has generated over $3M of revenue since launch, which is reinvested into the Katana ecosystem as a sustainable source of real yield for users.
Chain-Owned Liquidity (CoL) is protocol-owned liquidity funded by 100% of net sequencer fees and a share of core app revenue. It deepens key markets, improves execution, supports more stable borrowing rates, and helps absorb volatility. CoL creates a self-reinforcing DeFi flywheel — as more activity generates more fees, liquidity grows deeper, improving execution further.
The Katana flywheel operates through five connected steps: (1) Users bridge assets and receive vbTokens while underlying assets earn yield. (2) Capital is deployed into productive markets earning real yield. (3) Revenue is recycled into Chain-Owned Liquidity. (4) Builders launch apps on deep baseline liquidity. (5) Everything compounds — more trading and borrowing generates more fees, deeper liquidity, better execution, and more activity.
Katana DEX supports all major EVM-compatible wallets including MetaMask, Rabby, Coinbase Wallet, and hardware wallets like Ledger and Trezor. You can also connect via WalletConnect. Visit the Katana App at katana-dex.com and click "Connect Wallet" to get started.
Navigate to the Pools section in the Katana App, select an existing pool, choose your price range for concentrated liquidity, and deposit your assets. You start earning trading fees and KAT incentives immediately. Liquidity provision on Katana benefits from Chain-Owned Liquidity which deepens markets and stabilizes returns.
Katana integrates Morpho for its lending and borrowing infrastructure. Supply assets to earn lending yield, or borrow against your collateral. Rates are driven by real market demand and concentrated liquidity, providing more stable and competitive rates than fragmented alternatives. AUSD-denominated markets offer additional incentive-backed yield.
Katana supports a growing list of assets including WETH, WBTC, USDC, USDT, AUSD, KAT, and more. You can also trade perpetual contracts on Katana Perps. The ecosystem is designed with concentrated liquidity around core pairs to maximize depth and minimize slippage.
Katana Perps is the perpetual trading platform on Katana, allowing you to trade with leverage on major asset pairs. It offers deep liquidity from Chain-Owned Liquidity, competitive fees, and sub-second execution. Katana Perps are now live — visit the app to start trading.
Yes. Katana has been audited by multiple independent security firms including Otter Security, Trail of Bits, and Halborn Security. All core contracts are open-source and formally verified. The protocol operates non-custodially — Katana never holds user funds. An active bug bounty program incentivizes ongoing security research.
Katana is incubated by Polygon Labs and GSR. The protocol brings together leading DeFi builders including partnerships with Morpho Labs, Agora (AUSD), Sushi, and others. Governance is progressively decentralizing through the vKAT system, putting long-term participants in control of protocol direction.
Unlike fragmented DeFi ecosystems, Katana is opinionated by design. Liquidity and incentives concentrate in a focused set of core applications — one per DeFi primitive — to prevent fragmentation. Revenue is recycled into Chain-Owned Liquidity rather than extracted. The Vault Bridge generates yield from bridged assets automatically. And vKAT aligns incentives by rewarding long-term participants with fee sharing and governance power.
Yes. The Katana App at katana-dex.com is fully responsive and works in any mobile browser. For the best experience, use a mobile wallet's built-in browser (MetaMask, Rabby, or Coinbase Wallet). WalletConnect is also supported for seamless mobile connectivity.
Navigate to the Bridge section of the Katana App, select your source network and the asset you want to bridge, enter the amount, and confirm. You'll receive 1:1 vbTokens on Katana. Under the hood, Vault Bridge deploys your underlying assets into yield strategies, so your capital starts earning from the moment you bridge.
Krates were part of Katana's pre-deposit and launch program, where early participants could open loot boxes for various rewards. Over 200,000 Krates were opened by the community during the pre-deposit phase, which attracted over $240M in early deposits. Krate rewards helped bootstrap the initial liquidity on the Katana network.
Full documentation is available at docs.katana-dex.com. For community support, join the Katana Discord server. Follow @katana on X (Twitter) for official announcements and updates. The Katana blog at katana-dex.com/blog covers protocol mechanics, updates, and educational content. The only official website is katana-dex.com.

Trade Smarter.
Earn Real Yield.

$240M+ in deposits. $3M+ Vault Bridge revenue. 100% sequencer fees recycled. Katana DEX is the DeFi protocol built for productive capital.