L2 Network Katana has completed three acquisitions and updated the KAT token economics

L2 Network Katana tweeted that it has completed three acquisitions, including the Sushi deployment on Katana (now Katana Swap), IDEX (now Katana Perps), and Vault Bridge (native yield generation).

Katana also updated its tokenomics; vKAT and the voting mechanism will be phased out, and holders can participate in yields by staking to avKAT. Starting from November 17, a portion of the fees from Swap, Perps, Vault Bridge, and sequencer will flow to avKAT, and a programmatic buyback will be initiated, reducing the unstaking cooldown period from 45 days to 7 days.