ayKAT
LIVEAn index of the best risk-adjusted verified yield on Katana, wrapped into one liquid token and rebalanced continuously as conditions change.
What is ayKAT?
ayKAT is a yield-bearing KAT token. Deposit KAT, receive ayKAT, and the token compounds value as a leveraged avKAT staking loop earns. It is a liquid, composable building block you can hold, lend, LP, or use as collateral — your KAT keeps working without you managing the loop.
Deposit. Hold. Earn.
Where the yield comes from.
Every leg is a verified Katana-native market — avKAT staking, Morpho lending, Katana Perps funding — scored, monitored, and bounded by the leverage policy.
The core looping strategy — stake KAT into avKAT, post it as collateral on Morpho Blue, borrow KAT against a 77% LLTV and restake at ~3.5× leverage, compounding the vault's NAV accrual against a 2.4% borrow rate.
Fully On-Chain
Every loop, yield accrual, and rebalance is recorded on-chain and verifiable by anyone. No black boxes — the engine's decision log is public, permanent, and auditable in real time.
Every allocation is logged on-chain and verifiable at every step. If the engine makes a decision, it's there forever.
Risks, stated plainly.
No yield is risk-free. ayKAT runs a leveraged loop — here is what it is exposed to and how it's bounded.
Full risk frameworkYield decay. avKAT accrual is falling — the last four epochs ran 71 → 67 → 55 → 36% p.a.; at zero accrual the loop returns −5.9%, against a 1.68% breakeven.
KAT denomination. The loop multiplies KAT exposure rather than hedging it; returns are reported in KAT and the dollar outcome tracks the KAT price.
Exit liquidity. Redemptions beyond the idle KAT buffer go through a 24-hour withdrawal window (request → manager releases funds → claim), currently with no withdrawal fee; loop size is bounded so the buffer stays meaningful.
Questions, answered.
No. ayKAT is a KAT-denominated yield token — it grows in KAT terms rather than holding a dollar peg. Its share price rises as the leveraged staking loop and the funding spread earn.
Other ayTOKENs.
One standard, multiple denominations. Pick the exposure that fits your mandate.
Hold ayKAT.
Earn KAT-denominated yield through one liquid, continuously-rebalanced token.