love this kind of community feedback on @katana.
think Iāve addressed this in different ways in the past. but let me try to share some rationale
1. kensei just launched as a core app. iād expect everyone on the katana team to go full throttle on promoting it. otherwise might as well not have it.
2. point 1 only makes sense if kensei should be a core app. that requires asking what is the purpose of defi? defi is finance in a decentralized way, which means anyone should be able to engage in financial activity. financial activity is primarily trading, borrowing and lending. the only way to do that is with assets. so the more assets you have that people want to trade, borrow and lending against, the better. it so happens that people really like to trade memecoins, which is as core of a defi activity as can exist.
3. this leads to maybe the most challenging question, which is whether katana should reject some defi activity and not make money from it or allow others to make money from it. my strong view is that if you have that perspective, then you should use web2, permissioned systems that protect users in a way the operator deems appropriate. iām in crypto to allow people to permissionlessly engage in the activity that they want to engage in, including on katana with memecoins, which will end up driving very significant value to KAT holders.
Unpopular @katana Opinion:
š“There is too much emphasis from the $KAT team on @kenseionkatana
Before you block me and say I'm a FUDDER hear me out.
> @0xPolygon incubated @katana to be the source of COL and provide deep liquidity for DeFi
> The focus of the messaging for @katana is not that it is a fast and cheap L2 that will battle SOL or any of the other L2s or even L1s. The message is this is the best place to go for DeFi
> Meme coins have no place in DeFi and are almost always extractive because they are PvP. The risk to early $KAT users outweighs the potential benefits
> IF meme coins organically grew on @katana that is one thing, but to have a 200M allocation of $KAT to promote usage feels like it could end poorly as there will undoubtedly be people getting rekt to try to farm there
> @kenseionkatana is front and center on the "Ecosystem" tab of Katana. It is very out of place next to Morpho, Sushi, Yearn, which are all clearly DeFi heavy weights
> Without some connection between meme coins and DeFi I don't see the point. I will argue that NFTs would be a much better fit as they could be linked to DeFi, yet still satisfy the degen traders
What am I missing @0xMarcB and @mfisher10x?
Again this is not meant to be targeted FUD, more constructive feedback as someone who is participating in Katana and wants to see long term growth.
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