Katana Plans Revenue-Funded Buybacks for KAT Stakers
Headline from The Defiant
Key points
- Layer 2 network Katana announced plans to fund KAT token buybacks using generated protocol revenues for its stakers.
- Alongside the buyback initiative, the platform will phase out emissions voting and reduce its unstaking cooldown period starting November 17.
- Automated onchain execution for the token repurchases will be implemented in a subsequent update.
Summarized automatically by Kryptokite from reporting by The Defiant. Read the original sources for full detail.
Sources
- The DefiantKatana Plans Revenue-Funded Buybacks for KAT Stakers · 31 minutes agoRead on The Defiant
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