Psyfi Acquires Yield Generation Protocol Katana For Undisclosed Sum

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Under the agreement, PsyFi will acquire all of the Katana protocol's IP, expanding its roster of top-class yield offerings for users. "We are thrilled to announce Katana's acquisition by PsyFi, an innovative and respected company that has stayed true to Web3's core values since the start. We believe its team is in a fantastic position to realize Katana's mission to offer the preeminent yield generation products in DeFi," said Katana founder Ayush Menon. "Like Katana, PsyFi believes devoutly that sophisticated financial tools and investment strategies should be open and accessible to all – not a walled garden reserved for the few. Blockchain makes that possible."About PsyFiPsyFi has created a suite of best-in-class financial tools and products that let users tailor investment strategies to their risk/reward appetites. It also offers a wide range of automated trading strategies, eliminating the hassle of managing positions while optimizing yields for investors. PsyFi is open source, accessible and community-owned, with PSY token holders governing the smart contracts and the fees they generate. The team is dedicated to building a decentralized finance organization that will stand the test of time, supporting users throughout their investment journeys. About KatanaThe Katana protocol exists as a set of smart contracts on the Solana blockchain and offers the premier suite of packaged yield products, enabling users to passively access a comprehensive selection of risk-adjusted strategies in the ecosystem.SOURCE PsyFi