I just came across this post from Katana’s official account. Starting November 17, vKAT and voting are being retired. After that, there’ll be only one way to share in protocol revenue: stake $KAT as avKAT.
The official announcement says that a portion of fees from Katana Swap, Perps, Vault Bridge, and the sequencer will be used for open-market buybacks. All KAT bought back will go into avKAT and be automatically reinvested each cycle. The unstaking period is being reduced from 45 days to 7 days, while early exits will incur a fee that decreases daily. Anyone holding vKAT can convert it with one click, either before or after the 17th—there’s no deadline.
They also announced that they’ve secured the onchain Sushi deployment and Vault Bridge, with spot trading fees staying on their side. The official account specifically noted that this doesn’t guarantee higher returns; the scale of buybacks will still depend on actual usage.
#Katana $KAT
The official announcement says that a portion of fees from Katana Swap, Perps, Vault Bridge, and the sequencer will be used for open-market buybacks. All KAT bought back will go into avKAT and be automatically reinvested each cycle. The unstaking period is being reduced from 45 days to 7 days, while early exits will incur a fee that decreases daily. Anyone holding vKAT can convert it with one click, either before or after the 17th—there’s no deadline.
They also announced that they’ve secured the onchain Sushi deployment and Vault Bridge, with spot trading fees staying on their side. The official account specifically noted that this doesn’t guarantee higher returns; the scale of buybacks will still depend on actual usage.
#Katana $KAT
