👍 Polygon and GSR Incubating L2 Katana Katana is a unique L2 structure that leverages assets in the L1 <> L2 bridge to generate yield and then contributes that yield to the ecosystem's DeFi ecosystem. ✔ What is Katana? - L2 incubated by GSR/Polygon - Assets bridged to L2 are invested in DeFi using tools like Morpho, and the resulting yield is distributed to the ecosystem. - Over 90% of total TVL is invested in DeFi. (Enhancing capital efficiency) - Sequencer fee revenue is also reinvested in liquidity provision - Risk management is paramount in this structure, and we are managing this risk by utilizing only verified institutions and implementing various buffers. - It's understandable if Katana is considered a DeFi project, not an L2 (perhaps allowing reinvestment using deposited funds?) * Nevertheless, this model presents risks at any time, so continuous monitoring is necessary. ☑️ Currently Available Airdrops 1) Deposit - Katana L2 deposits are actively underway. - USDC / USDT / ETH / wBTC, etc. are available for deposit. - APY of approximately 41% based on circles (converted to APR of approximately 34%?) - Rewards are provided as DeFi circles (2% range) + Katana token rewards. - Katana FDV is 41% at 1B and 20% at 500M. 2) Quest Edjak - app.katana.network/quests - You can earn airdrops by completing quests on the website above. - It seems like the airdrops are based on XP, and considering there are about 85 days left in Season 1, I'm guessing the TGE will be around that level. - The quest itself is so easy (you get a badge each time you complete it). - Estimated cost: $15 Since this chain is being directly incubated by GSR, I suspect they'll continue with the MM even after the TGE. #KOL