Katana, a new decentralized finance (Defi) -oriented blockchain incubated by industry heavyweights Polygon and GSR, shared on Wednesday that his private lover went live.
The new Layer-2 blockchain will “unite all liquidity in a series of protocols and collect proceeds from all potential sources,” the team shared in a press release sent to Coindesk. Katana’s goal is “to provide a self-sufficient defi-engine with power for long-term growth,” said it.
Marc Boiron, the CEO of Polygon Labs, told Coindesk that Katana appeared to tackle Defi fragmentation, in which digital assets are distributed over different apps and ecosystems, which means that certain types of investing are.
Katana was built with Agglayer – Polygons platform for building interoperable block chains. “One of the things we want is a super deep liquidity hub on the agglayer, so that every chain can use it,” said Bohiron. “If you look over everything in Crypto, you realize that there is actually no chain that is very well built because you actually have a deep liquidity.”
Katana wants to improve the blockchain -liquidity – including loans, trade and lower strategies – by integrating with popular apps such as Sushi, an important decentralized exchange and Morpho, a popular decentralized credit cosystem.
Polygon Labs, the team behind the Layer-2 network, helped with the design of the chain, while GSR, the crypto-market maker, advised on the user experience and learning to get the platform off the ground. “We offer liquidity on the chain or fat” to ensure that people can actually use the chain on the first day, “said Jakob Palmstierna, president of GSR.
Katana is currently open to a limited group of users. It contains a pre-deposit phase with which users can park their ETH, USDC, USDT and WBTC for an opportunity to win cat tokens, the new governance and utility token of the network.
Although the activity is limited in this private phase, early deposits are stimulated via a reward system in Bielbox style. Katana’s public mainnet is expected to arrive at the end of June.
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