> For the complete documentation index, see [llms.txt](https://docs-perps.katana.network/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs-perps.katana.network/kat-token.md).

# KAT Token

KAT is the native token of the Katana blockchain. It powers governance, fee sharing, and ecosystem incentives across the network. Katana Perps traders earn KAT through liquidity mining rewards, making it the primary incentive token for active participants on the platform.

## Key Facts

| Property        | Detail                                                                                        |
| --------------- | --------------------------------------------------------------------------------------------- |
| Token           | KAT                                                                                           |
| Total Supply    | 10,000,000,000 (10 billion)                                                                   |
| Contract        | [View on Explorer](https://katanascan.com/address/0x7f1f4b4b29f5058fa32cc7a97141b8d7e5abdc2d) |
| Gas Token       | No — Katana uses ETH for gas                                                                  |
| Presale         | None — no VC investors, no preferential insider unlocks                                       |
| Transferability | Targeted for March 2026                                                                       |

## What KAT Does

KAT is designed to function as a lever for directing capital across the Katana DeFi ecosystem. Its utility centers on a ve(3,3) tokenomics model — a system where token holders who lock their KAT gain direct economic exposure to the growth and success of applications on the chain.

At a high level, the cycle works like this: KAT holders lock their tokens to receive vKAT, a vote-escrowed version of the token. vKAT holders vote in bi-weekly epochs to direct KAT emissions toward specific liquidity pools on Katana core applications. In return, voters earn a share of the trading fees generated by the pools they support, plus vote incentives from projects seeking emissions for their liquidity. This creates a flywheel where deeper liquidity leads to more trading volume, which generates more fees, which flows back to participants.

For a detailed breakdown of vKAT mechanics, voting strategies, the avKAT autocompounder, and exit options, see the [vKAT](file:///vkat) page.

## Token Distribution

| Allocation                       | Share  | KAT Amount              |
| -------------------------------- | ------ | ----------------------- |
| Ecosystem and Community Treasury | 49.35% | 4,935,000,000           |
| User Liquidity Mining            | 20.00% | 2,000,000,000           |
| Community Airdrops (POL stakers) | 15.00% | 1,500,000,000 (as vKAT) |
| Core Contributors                | 15.65% | 1,565,000,000           |

### User Liquidity Mining (20%)

This is the allocation most relevant to Katana Perps users. Half (1 billion KAT) goes directly to core applications to distribute to their users:

* **Sushi:** 400M KAT (4.0%)
* **Morpho:** 250M KAT (2.5%)
* **Future perpetuals DEX, launchpad, and yield tokenization:** up to 350M KAT (3.5%)

The other half (1 billion KAT) is allocated to retail and institutional users via Krates and TVL commitments. Approximately 500M KAT is expected to be distributed in the first six months following public mainnet, with the remainder distributed over a longer period.

These user-earned tokens are the first to unlock when KAT becomes transferable — ahead of any core contributor or treasury allocations.

### Community Airdrops (15%)

1.5 billion vKAT distributed to POL stakers in recognition of the Polygon community role in incubating Katana through the AggLayer Breakout Program.

### Core Contributors (15.65%)

Unlocks in four equal annual tranches beginning one year after KAT becomes transferable.

### Ecosystem and Community Treasury (49.35%)

Operated by the Katana Foundation. The bulk (44.35%) unlocks in four equal annual tranches. A smaller portion (3%) unlocks at transferability for liquidity provisioning, with an additional 2% reserved for ecosystem project grants.

## Transferability

KAT was initially non-transferable for up to 9 months post-mint. The transferability date is targeted for March 2026. Upon transferability, holders can lock KAT to receive vKAT and begin participating in governance epochs through the vKAT Armory staking interface.

## What This Means for Katana Perps Traders

Katana Perps is a core application on the Katana blockchain. KAT earned through trading activity and liquidity mining can be locked into vKAT to earn real yield from trading fees across the ecosystem, or held for future use once transferability is live. As the vKAT system expands beyond DEX liquidity pools, perpetuals trading activity on Katana Perps is expected to become eligible for directed KAT emissions and fee-sharing through the epoch voting mechanism.

For more information on KAT tokenomics, visit [katana.network](https://katana.network/blog/the-network-is-katana-the-token-is-kat).