Originally reported by PANews on November 12, 2026, at 13:16:36 (UTC+8). Original report.
Katana announced a change to its token model: it will phase out vKAT and its voting mechanism, while users will be able to stake KAT to receive avKAT. The distinction is between the existing vKAT voting model and the announced avKAT staking model—not a comparison of two separate networks.
Starting November 17, 2026, Katana said, portions of fees from Swap, Perps, Vault Bridge and the sequencer will flow directly to avKAT stakers. Protocol fees will also be used for programmatic KAT purchases on the open market, with all KAT bought this way distributed to avKAT stakers.
Katana also said the unstaking cooldown will fall from 45 days to 7 days, and existing vKAT holders will be able to convert to avKAT in one step from November 17. These are announced changes; the source does not verify their subsequent implementation.