Katana Plans Revenue-Funded Buybacks for KAT Stakers
The Layer 2 network will retire emissions voting and shorten its unstaking cooldown on November 17, with token buybacks to follow.
According to TheDefiant, Layer 2 network Katana is rolling out a series of updates, including revenue-funded buybacks for $KAT stakers. The platform will officially retire emissions voting and shorten its unstaking cooldown period on November 17.
Buybacks and Automation
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Token buybacks funded by protocol revenue are set to begin separately from the mid-November governance updates. Katana plans to introduce full onchain automation for the buyback mechanism at a later date, according to the report.
Key facts
- Katana will retire emissions voting on November 17.
- The Layer 2 network is shortening its unstaking cooldown on the same date.
- Revenue-funded buybacks for $KAT stakers will begin separately.
- Full onchain automation for the buybacks is scheduled to follow.
Source: thedefiant.io
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