Perps did roughly $705B in volume last month, and around $2.43T in Q1 alone. That’s why every serious chain wants a perp venue. The hard part though is paying for liquidity without lighting the whole token budget on fire. @katanaperps is trying to solve that with yield. Because if the rewards only exist for one campaign, traders show up for the payout. But if there’s a real engine underneath, they have a reason to stay. Katana’s current perps comp starts with a $25K vbUSDC base pool and can scale up to $100K with volume. The funding source is what makes this interesting. Assets bridged to Katana get put to work in Ethereum yield strategies. That yield comes back to fund the rewards. So, it's not a reward budget that dries up in a week. The setup is simple: • 70% goes to the volume pool • 30% goes to the PnL leaderboard • Season 1 points are running on top If you’re already trading perps, this is probably the part worth watching. Glad to partner with The funding source is what makes this interesting. Assets bridged to Katana get put to work in Ethereum yield strategies. That yield comes back to fund the rewards. It's not a reward budget that dries up in a week. to highlight how they’re trying to fund growth with yield, not just emissions.(Edgy - The DeFi Edge 🗡️)