Originally reported by PANews on November 12, 2026, at 13:16 (UTC+8). Katana announced a tokenomics change that would replace vKAT and its voting mechanism with avKAT, obtained by staking KAT. The announcement describes changes scheduled to begin on November 17, 2026; it does not establish that they have since taken effect.
Under the announced model, portions of Swap, Perps, Vault Bridge and sequencer fees would flow directly to avKAT stakers. Protocol fees would also fund programmatic KAT purchases on the open market, with all KAT bought through that process distributed to avKAT stakers. The report does not quantify the fee portions or provide a buyback schedule.
Katana also said the unstaking cooldown would fall from 45 days to seven days, and existing vKAT holders would be able to convert to avKAT in one step starting November 17. The source does not specify the conversion terms beyond that description.
Source: panewslab.com (originally published 2026-11-12 13:16 UTC+8)
