Polygon (POL) and GSR Develop DeFi Blockchain 'Katana', Launch Private Mainnet

Source
JH Kim

Summary

  • It was reported that the private mainnet of Katana, developed by Polygon and GSR, has been launched.
  • This platform aims to solve the fragmentation issue in the DeFi ecosystem and grow as a self-sustaining DeFi engine.
  • Currently, Katana is open to limited users, allowing them to earn KAT tokens by depositing Ethereum, USDC, Tether, and WBTC.

According to cryptocurrency specialist media CoinDesk on the 28th (local time), the private mainnet of the DeFi-focused blockchain Katana, jointly developed by Polygon (POL) and GSR, has been officially launched.

Marc Boiron, CEO of Polygon Labs, explained, "Katana was developed to address the fragmentation issue in the DeFi ecosystem. DeFi fragmentation refers to the phenomenon where digital assets are dispersed across various apps and ecosystems, making certain types of investments difficult."

He added, "Katana's goal is to build a self-sustaining DeFi engine for long-term growth."

Currently, Katana is only available to a limited group of users, and users can deposit Ethereum (ETH), USDC, Tether (USDT), and WBTC to earn the network utility token KAT.

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JH Kim

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