Bridge to Katana: The DeFi Chain Built Around Revenue, Not Emissions Dependence

tl;dr

ChainPort now supports Katana, a DeFi-focused L2 incubated by Polygon Labs and GSR with $348M+ in TVL.
Katana's core model: bridged assets earn yield on Ethereum, and 100% of sequencer fees are recycled as protocol-owned liquidity. Revenue funds the chain rather than just token emissions.
Morpho leads at $310M in TVL. Yearn Finance sits at $77M. SushiSwap V3 handles spot trading at $55.9M. Katana Perps launched March 24, 2026.
Users can stake KAT for vKAT, giving them voting power over emissions and access to rewards from fees, incentives, and exit fees across the ecosystem.

Most DeFi chains launch with a simple premise: attract TVL with token emissions, hope protocols follow, and worry about sustainability later. Katana was designed around a different question: what if the chain itself generated revenue from day one and recycled it into deep liquidity and boosted yield for users?

The answer is a chain with $364M in TVL, a lending market pushing $310M, and a mechanism where bridged assets work for users even while sitting on the chain. That's not a roadmap item. It's how Katana operates today.

ChainPort now supports Katana. Bridge any supported token to Katana from Ethereum, BNB Chain, Polygon, Arbitrum, Base, and more.

Why Katana?

The core mechanism is called the Vault Bridge. When you bridge USDC, WETH, WBTC, or USDT to Katana, those assets don't just sit in a contract. They're deployed into yield strategies on Ethereum. The revenue is directed back into the Katana ecosystem to support deeper liquidity and stronger user incentives. Separately, 100% of net sequencer fees are recycled into Chain-Owned Liquidity (CoL), giving Katana a growing base of protocol-controlled market depth.. Over time, the chain owns more of its own liquidity, and yield is boosted by real protocol revenue rather than just KAT token emissions that can dilute holders over time.

This matters for DeFi users because chain-owned liquidity is stickier than mercenary liquidity. When TVL is held by yield farmers waiting for emissions to dry up, it leaves the moment incentives shift. When a chain owns its own liquidity and continuously reinvests revenue to deepen it, the market depth is more durable.

AUSD, Katana's native stablecoin, fits the same model. It's backed by off-chain U.S. Treasuries, issued by Agora, with reserves custodied by State Street and managed by VanEck. The yield from those reserves feeds back into Katana's revenue pool. Another source of sustainable return that doesn't depend on inflationary token rewards.

What's live on Katana

Katana is deliberately concentrated. One lending protocol, one spot DEX, deep liquidity rather than thin liquidity fragmented across dozens of forks. The protocols that built there are running with real TVL.

Morpho is the lending layer, the largest protocol on Katana by a wide margin at $310M in TVL. Morpho's modular architecture lets risk curators like Gauntlet configure isolated markets with specific collateral and risk parameters. Users can deposit to earn yield or borrow against supported collateral. The depth here is real.

Yearn Finance brings $77M in yield aggregator TVL. Yearn automatically allocates deposits across the best available yield strategies, rebalancing as rates shift. For users who want yield without actively managing where capital sits, Yearn handles the routing.

SushiSwap V3 is the spot DEX on Katana with $55.9M in TVL. Concentrated liquidity lets LPs target specific price ranges rather than spreading capital across the full curve, making positions more capital-efficient and giving active markets better depth.

Katana Perps launched March 24, 2026. Built by the IDEX team (acquired by the Katana Foundation), it offers perpetual futures with low-latency execution, advanced order types, and professional API access. GSR and Selini Capital are among the initial market makers.

Midas RWA brings $11.5M in tokenized real-world asset exposure, adding a Treasury yield layer distinct from the core DeFi stack.Spectra adds a yield-trading layer to Katana, letting users split yield-bearing assets like AUSD and Katana Yearn vault tokens into principal tokens (PTs) and yield tokens (YTs). That gives users new ways to lock in fixed yield, take leveraged exposure to yield and KAT rewards, or provide liquidity across PT/YT markets.

What can you bridge?

ChainPort supports the full range of tokens Katana's Vault Bridge was built around: USDC, WETH, WBTC, and USDT. ChainPort also routes across multiple liquidity sources, so you're not limited to those four. The fee is shown before you confirm.

Once assets arrive on Katana, they're immediately available across the ecosystem: lend on Morpho, provide liquidity on SushiSwap, allocate through Yearn, or trade on Katana Perps.

How to bridge to Katana

Go to app.chainport.io and connect your wallet.
Select your source chain and token, then set Katana as your destination. Choose the token you want to receive. You can arrive with a different token than you send.
Confirm. The fee is shown upfront before you sign anything.

Katana is fully EVM-compatible. MetaMask, Rabby, or any EVM wallet connects without additional setup.

Explore the Katana ecosystem: