In a report published November 12, 2026, at 13:16:36 UTC+8, PANews said Katana had announced changes to its token model. The existing vKAT and voting mechanism will be phased out. Users will instead be able to stake KAT to receive avKAT.
Starting November 17, a portion of fees from Swap, Perps, Vault Bridge and the sequencer will flow directly to avKAT stakers. Protocol fees will also be used for programmatic open-market KAT buybacks, with all KAT bought this way distributed to avKAT stakers.
Katana also plans to shorten the unstaking cooldown from 45 days to 7 days. Existing vKAT holders will be able to convert to avKAT in one step starting November 17. The reported change replaces a voting mechanism with a staking-based arrangement; it does not establish a guaranteed return.