Katana (KAT) debuted in June, 2025, establishing an efficient DeFi flywheel that aligns the network, applications, and users. By focusing liquidity on a specific group of assets and apps, it avoids the fragmentation seen among rival DeFi primitives and enhances the experience for institutional and retail participants. The platform’s vaultbridge creates yield from bridged assets, sharing those returns with ecosystem members. Serving as the flywheel’s center, vKAT (the staked form of KAT) manages yield emissions and collects fees from applications within the ecosystem.