💸 Smart Crypto Earnings Unlocked

Today's Highlights

• Katana Protocol - revolutionizing yield generation on solana blockchain
• Blockchain jobs - a listing of fresh jobs related to web3/blockchain/crypto
• In Other News - a few interesting developments we're tracking

Katana Protocol - Revolutionizing Yield Generation on Solana Blockchain

The Katana protocol is a set of smart contracts on the Solana blockchain and offers the best suite of packaged yield products, enabling users to passively access the best risk-adjusted yields in the ecosystem. Katana is perfect for anyone looking to generate yield on their crypto assets including retail users, DAOs, institutions, protocols, games, and more. As a base primitive, anyone can choose to build their own products, protocols, or experiences on top of the core Katana protocol.

Katana was started as a project by Ayush Menon who is an experienced Solana developer, a two-time Solana hackathon winner, and Eric Nie who is also a seasoned DeFi developer, who previously built a DeFi protocol on Ethereum, managing the full-stack from idea to product execution.

The main feature is their VAULTS. This is where anyone can simply deposit into their desired vault and start earning yield. Katana implements some complex strategies into the Vaults and makes it simpler for the end-user to earn a diversified and more sustainable source of yield. Katana’s yields are not dependent on liquidity mining programs but simply on the price action and that’s how it is able to offer a diversified and a more sustainable source of yield. The earnings (also known as returns) are represented in three phases – Current, Projected and Historical returns. Just as their names imply, they give the information needed on the portfolio with regards to the share in the yields earned in the vault where the funds have been deposited.  

Previously, if one wanted to execute a yield farming or options strategy, they would have to do so manually--a tedious process that requires a high level of sophistication to optimize profitability.  Katana automates and optimizes yield strategies through vaults, allowing anyone to passively invest and generate high yields.

Katana has raised a total of $51M in funding.

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