Katana Plans to End vKAT Voting and Route Portions of Fees to avKAT

Katana plans to discontinue vKAT and its voting mechanism as part of a tokenomics update that will direct portions of several network fees to avKAT beginning Nov. 17.

The update comes alongside three completed acquisitions: the Sushi deployment on Katana, now Katana Swap; IDEX, now Katana Perps; and Vault Bridge, which provides native yield generation.

KAT holders can stake into avKAT to participate in yield. Katana also plans to shorten the unstaking cooldown to seven days from 45 days. No effective date was given for discontinuing vKAT.

Starting Nov. 17, portions of fees from Katana Swap, Katana Perps, Vault Bridge and the sequencer will flow to avKAT. Katana also plans programmed buybacks later, but did not set a start date. The fee-routing date is set; the timing for the vKAT change and buybacks is not.