Katana completes three acquisitions and updates KAT token economics

BlockBeats News, November 12: L2 network Katana announced it has completed three acquisitions: the Sushi deployment on Katana (now Katana Swap), IDEX (now Katana Perps), and Vault Bridge (native yield generation). The token economics have also been updated: vKAT and the voting mechanism will be phased out, with holders able to participate in yields by staking into avKAT. Starting November 17, fees from Swap, Perps, Vault Bridge, and the sequencer will be directed to avKAT, followed by the launch of a programmatic buyback. The unstaking cooldown period will be reduced from 45 days to 7 days.