PsyFi, a financial instrument product provider in the Solana ecosystem, announced the acquisition of Katana, a risk-return protocol on Solana. The specific acquisition amount was not disclosed. It is reported that this acquisition is one of the largest acquisitions in the Solana DeFi ecosystem to date. According to the agreement, PsyFi will acquire all IPs of the Katana protocol and expand the list of income products it provides to users.

PsyFi has created a suite of financial tools and products that allow users to customize investment strategies based on their risk/reward preferences. It also offers a wide range of automated trading strategies that eliminate the hassle of managing positions while optimizing returns for investors. (PR Newswire)