Katana’s integration into Squads enables DAOs and small groups to access passive yield products aligned with their ideal risk-return profile.
Passive Income for DAOs
The strategic partnership was first presented on April 20 on Squad´s Medium blog. From now on, Squads users can access Katana´s multiple yield strategies directly within the Squads vaults. Without the integration, teams had to invest their treasury funds through external wallets, removing the democratic and secure layer Squads’ multisig offers.
“As DAO treasuries on Solana continue to grow, teams will need a multisig solution that offers direct access to yield generation protocols. With this integration, we are making that solution a reality,” wrote Squads´ team on the blog. “We aim to build a suite of features on top of the multisig primitive to upgrade the overall experience.”
Katana recently announced a seed funding round of $5 million to scale the organization and become a yield generation powerhouse in DeFi. The protocol also partnered on April 23 with Zebec to propel their suite of yield products even further. These partnerships serve as a testament to how developers on Solana are leveraging the power of composability to bring the ecosystem to new heights.
What is Katana?
Katana was created to build the yield generation primitive for Solana. The protocol has a suite of packaged yield products across the risk spectrum that enables users to passively access the best risk-adjusted yields in the ecosystem. Yields in Katana’s product suite are not dependent on liquidity mining programs, but instead, they rely on price action that will enable a diversified and more sustainable source of yield.
Find more about Katana here:
Source : web3wire.news