I saw today that the APY of @katana's mainnet vault is really high. USDC's approximation rate is as high as 46.26%. The high value is due to the 35% KAT bonus, but Katana doesn't yet have TGE. KAT is calculated based on 1B FDV and includes a bonus calculator. The Katana project team thoughtfully included the following FDV values: 500M in bear markets and 2B in bull markets. If you lock in a 90-day term during a bear market, the APY (Average Yield) is approximately 26%. If you choose a bull market, the APY is approximately 87%. The more neutral 1B is 46%. 30-day bear market lock-in: 15% Bull market: 45% 1B: 25% It's important to note that there are currently no KAT mining rewards for lock-up periods of 28 days or less; only mainnet rewards plus the base annualized returns of Ethereum and Katana are available. According to rootdata, Katana was incubated by @0xPolygon and @GSR_io, and its original name was even PolygonDeFi. Therefore, there shouldn't be any issues with the 1B (presumably referring to a specific project or algorithm).