2026-01-11 23:23:49

Katana's vaultbridge encountered critical issues back in October when Ethereum lending rates tightened—borrowers simply exited the strategy. The whole "earn while borrowing" thesis hinges on whether yields from major protocols like Yearn and Morpho can sustain above the 5% threshold. Right now those astronomical 40% APY figures? That's mostly KAT token farming ahead of a TGE that's already slipped twice. The math breaks down once mainnet USDC yields compress further.

ETH6,32%

KAT5,35%

USDC-0,05%

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GasWaster69

· 3h ago

It's the same old trick again, the logic of borrowing money to make money is exposed with a single poke.

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SocialFiQueen

· 01-11 23:53

Honestly, the logic of Katana has been problematic for a long time. 40% APY is just air, and delaying TGE twice—what's the point of playing anymore?

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PermabullPete

· 01-11 23:53

40% APY? Wake up, those are just token farming tricks.

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MerkleDreamer

· 01-11 23:48

I'm already tired of this spiel from kat. 40% APY? Rolling my eyes. Honestly, besides kat mining, what else is there to gain...

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OptionWhisperer

· 01-11 23:47

Another classic yield farming scam, 40% APY haha I don't believe you at all

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MidnightSeller

· 01-11 23:33

40% APY? Uh... indeed, farming tokens' hype has run its course.

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ruggedNotShrugged

· 01-11 23:32

The idea of earning profits by borrowing coins has always been fragile. Once interest rates tighten, they immediately run away. Katana is a vivid example this time.

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SmartContractDiver

· 01-11 23:28

40% APY really makes me laugh, it's just a bunch of worthless tokens farming.

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