➥ DeFi Strategy on Katana If you're using @katana (like me), I think this is the perfect time to explore DeFi opportunities, as several excellent options are available right now. Let's check them out in our concise guide: ... — The Big Picture ✧ $SUSHI and $KAT incentives are live on @SushiSwap ✧ $uSOL from @universaldotxyz is live on Katana ✧ jitoSOL from @jito_sol is live on Katana, leveraging @LayerZero_Core ✧ $BTCK and $LBTC from @Lombard_Finance are highly composable for Katana DeFi ... — The Strategy Katana offers a straightforward approach to earn yield on your assets via @yearnfi Vault, but you can do much more than that and optimize your yield (and KAT accrual) even further. Also you can earn more by depositing on @turtleclubhouse Ecosystem Vault or External Partner Vaults. ... ➠ LP Strategy The strategy will largely depend on your LP choice, so let's start by exploring the pools on Sushi V3. Choose one with high APR and dual rewards: KAT and SUSHI. Some of my favorites (in no particular order): ✧ uSOL <> wETH (111% APR) ✧ AUSD <> USDC (75% APR) ✧ AUSD <> ETH (254% APR) ✧ BTCK <> LBTC (74% APR) ✧ jitoSOL <> uSOL (29% APR) Your asset choice will largely depend on your preferred blue-chip pick or stablecoin strategy. For a simple approach, just create LP positions in Sushi. If you want a hands-off approach, you can use: ✧ @CharmFinance ✧ @GammaStrategies Both protocols will manage your LPs automatically without you worrying about rebalancing and LP range management. The fees will be reinvested back into the LP, increasing your LP position over time. You can stop here, or if you're feeling adventurous, go for a leveraged strategy. ... ➠ Leveraged Strategy Please note that leveraged strategies are high-risk with the possibility of losing your principal through liquidation. Make sure you understand what you're doing. For leveraged strategies, there are more nuances, but I'll use vbWBTC as the starting asset. ✧ Go to the borrow section in @MorphoLabs and borrow uSOL (LTV is 86%) with vbWBTC as collateral at approximately 1% borrow rate. I usually go with 60-70% LTV. ✧ With uSOL in hand, you now have the freedom to choose your strategy and LP. For me, let's swap 50% to AUSD, but rather than using Sushi, try swapping on @wolfswapdotapp to get rewards from swapping and other benefits. ✧ Once you have AUSD, you can pair it with WETH on Sushi, and you're all set. You can choose other assets based on your preferences; just ensure you receive double rewards on your targeted LP to optimize yield. And don't forget that you can claim the rewards regularly or use the LP management protocols mentioned above if you want to convert all rewards into LP positions. ... — Wrap-Up Katana, as a DeFi-focused L2 blockchain, offers many strategic opportunities to explore DeFi. The great thing is that many blue-chip assets here earn more yield than their original counterparts. I will update with more strategies as additional protocols go live on Katana.