GSR market making style: 1、 Unlike DWF's style of violent rallies and smashing, GSR's K-line is usually more challenging. They like to change hands through prolonged shaking. 2、 Good liquidity, thick depth, and convenient entry and exit of large funds. And it has high compliance, making it easier to access exchanges such as Coinbase and Kraken. Typical cases include SUI AVAX ENA, etc. It can be observed that projects in which GSR participates often have a longer lifecycle. The key point is that this time, the liquidity flywheel of GSR has turned towards @ katana. As a joint incubation project between Polygon and GSR, Katana is severely underestimated. Katana paradigm shift one: Chain level ve (3,3) Traditional Layer 2 tokens often fall into the trap of 'worthless governance', and Katana has reconstructed this situation through an economic model. Value Capture: KAT introduces the ve (3,3) model, but elevates it from a single protocol to the public chain level Incentive targeting: Users need to lock in vKAT to vote on the direction of incentives on the chain, and use this to capture protocol revenue Katana paradigm shift two: game design under "fair start" Katana's token allocation design is highly game oriented. Anti VC narrative: No investors, no pre-sales User priority: Core contributors' chips will only be unlocked after 1 year of KAT's open transfer, while individual investors have priority exit rights Centralized control: Despite emphasizing fairness, nearly 50% of tokens still belong to the foundation's treasury. This is a strategic chip used by the project team to regulate and maintain market stability in the early stages Backed by Polygon ecosystem+GSR T0 level market making+ve (3,3) economic model. This is destined to be a long-term game, not a short-term speculation. Current participation window: Binance Wallet Wealth Management: Divide 50 million KAT OKX Chain Earn Coins: Share 65 Million KAT The essence of financial products is to exchange time for deterministic returns. For users who are optimistic about the long-term value of Katana, this is a good opportunity for layout.