do you know katana pays you for your losses? 🔴🔴
what? did I hear it right?
day 1 of getting
@katana to notice me
everyday I'll talk about something nowhere is talking about on katana
today on the menu is:
........drumroll🥁🥁
Sequencer Fee Recycle System
You prob heard of sequencer fees on katana and how useful it is in their ecosystem
ever thought how it works?
i mentioned it pays for your losses?
well practically nothing can pay you back for the mistakes you did man
but katana can give you some of the onchain mistakes back
how?
let's dig a bit deeper
---------⚔️⚔️----------
every transaction you do on katana chain
every nft you sold for a loss
every token you bought high and sold low
every trade you closed in a negative pnl
generates something?
FEES.....
most chains have it wrong here
they don't have the utility for this fees.
but katana figured it out
with the Sequencer Fee Recycle System, katana has provided a new use case for the fees generated by users on their chain
as stated by
@KAndrewHuang on blockworks interview
“We worked with the Katana team to create a custom fee redistribution mechanism for the chain’s sequencer revenues,”
if conduit's founder says they have worked on creating custom fee mechanism to make it user-centric, we gotta trust them
but how does this work?
---------⚔️⚔️----------
all transaction fees the sequencer collects after covering costs go towards user incentives and CoL
these user incentives could be in the form of yield, KAT emissions or maybe something else the team has in mind
but CoL itself is a gamechanges for the fees generated on the chain
why?
because most chains keep these sequencer fees for themselves or future validators
so instead of being burned or sitting idle, fees are reinvested to deepen DeFi liquidity
....and increasing trust among the active chain users and degens like myself
but
Why should I matter?
---------⚔️⚔️----------
this is the whole narrative katana is running on!!
Fees = capital
→ used to LP
→ improves trading & borrowing conditions
→ draws more users
→ generates more fees
→ DeFi flywheel
what do you think?
oh btw
@Param_eth inspired me to create this for sequencer fees!
i am not a designer so forgive me if I did it bad
tomorrow attention catching content is also planned
till then, stay sharp samurai's
gKatana