Polygon, GSR Release Katana Network Tackle DeFi Fragmentation

Description

Katana, a DeFi-focused layer-2 blockchain incubated by Polygon and GSR, launched its private mainnet to unify liquidity across protocols and integrate with apps like Sushi and Morpho, aiming to address fragmentation in decentralized finance.

Authors

Margaux Nijkerk

Publish date

May 28, 2025

Publisher

CoinDesk

Web URL

https://www.coindesk.com/tech/2025/05/28/polygon-gsr-release-katana-network-tackle-defi-fragmentation

Referenced by

Katana Foundation announces Katana Network

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News story

Polygon Labs, the team behind the layer-2 network, helped design the chain, while GSR, the crypto market-maker, advised on the user experience and is lending liquidity to help get the platform off the ground. “We are providing the on-chain liquidity — or 'grease' — to make sure that people can actually use the chain on day one,” said Jakob Palmstierna, President at GSR.

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Katana was built using AggLayer — Polygon's platform for building interoperable blockchains. “One of the things that we want is a super deep liquidity hub on the AggLayer, so that every chain can tap into that,” Boiron said. “When you look across everything in crypto, what you realize is that there's actually no chain that's built very well for actually having deep liquidity.”

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