The L2 chain Katana incubated by Polygon and GSR has launched its private Mainnet.

Gate News bot message: Katana, a new blockchain focused on Decentralized Finance incubated by industry giants Polygon and GSR, announced on Wednesday that its private Mainnet is now live.

The team stated that the new Layer 2 Blockchain “will unify all liquidity into a single set of protocols and obtain revenue from all potential sources,” aiming to “drive a self-sustaining DeFi engine for long-term growth.”

Marc Boiron, CEO of Polygon Labs, pointed out that Katana was born to address the fragmentation issue in Decentralized Finance, where digital assets are scattered across different apps and ecosystems, making certain types of investments cumbersome.

Katana aims to enhance blockchain liquidity through integration with popular applications such as the mainstream DEX Sushi and the decentralized lending ecosystem Morpho, including lending, trading, and yield strategies.

The team behind this Layer 2 network, Polygon Labs, participated in the design of the chain, while the cryptocurrency market maker GSR provided advice for user experience and offered liquidity to facilitate the smooth launch of the platform.

Currently, Katana is only open to a limited number of users. It includes a pre-storage phase where users can deposit their ETH, USDC, USDT, and WBTC into Katana for a chance to win KAT tokens (the network’s new governance and utility token).

Although it is currently in a private phase with limited activities, early deposits will be incentivized through a reward system similar to a treasure chest. The public Mainnet of Katana is expected to launch at the end of June.

Source: CoinDesk