Katana Flywheel DL Research Summary @katana is a DeFi native L2 where capital becomes productive by default and yield is backed by real revenue. Not a general purpose chain. Katana enshrines trading, lending, and launch infra at the base layer. Here’s how it works: Instead of chasing TVL with token emissions, Katana channels yield from: – VaultBridge: L1 assets into Morpho vaults – AUSD: Stablecoin backed by Treasuries – Chain Owned Liquidity: protocol LP capital – Sequencer fees (recycled into the system) Only active capital earns. Wallets that hold earn nothing. Users who provide liquidity, lend, or trade receive streaming yield. Core apps are composable and embedded: – Sushi: DEX – Morpho: Credit layer – Kensei: Token launch infra Governance is powered by vKAT, extending the ve(3,3) model chain wide: – Lock KAT to gain vKAT – Vote emissions toward pools – Earn protocol fees + bribes – Fee redistributed to long term voters if you exit early The architecture runs on OP Geth + ZK proofs, integrated with @0xPolygon AggLayer for cross chain liquidity sync.