Katana DeFi - doing nothing and earning $
If you're holding yvvbTokens on katana, you're passively earning yield without doing anything.
How does it work?
When you bridge your assets from Ethereum to katana, you receive a representation of that token on the katana blockchain called vault bridge tokens or vbTokens, like vbUSDC.
These are vbTokens - or vault bridge tokens. Now, when you take your vbTokens and deposit them into the katana vaults, these now become Yearn Vault, Vault Bridge, Tokens aka yvvbTokens.
These yvvbTokens consistently receive donations and rise in value per vault share. They receive donations from yield generated by vaultbridge & AUSD treasury yield.
Real world example:
I'm not sure what they implied APY is of yvvbtokens, but I can explain how the dynamic works.
Say you deposited on hour 1, day 1 of the yvvbTokens launch. Say you deposited $1,000 of USDC and got 1,000 yvvbUSDC.
Because yvvbUSDC receives donations each week and the value per vault share rises, it means if you withdrew your 1000 yvvbUSDC, you wouldn't get $1000, you might get $1010 back instead - pretty neat right.
So that's how it all works. From 12th to 19th November there were the following donations:
3.6 ETH
21k USDC
3k USDT
7k AUSD
0.003 WBTC
Totaling $42k
If you held any of the corresponding yvvbTokens of those above, you earned free $.
The flywheel in motion. gKatana ⚔️

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