Katana’s Sushi acquisition brings spot trading and yield in-house

The Katana acquisition Sushi deal brings Sushi’s deployment on its network and Vault Bridge, its spot-trading and yield infrastructure, in-house, alongside a plan to direct more revenue toward $KAT stakers. Announced on November 11, 2026 , the deals follow Katana’s purchase of perpetuals exchange IDEX in March 2026. A tokenomics overhaul takes effect on November 17, with buybacks set to begin later this year. Key takeaways Katana now owns its core spot, perpetuals and bridged-asset yield products. A share of four revenue streams will finance $KAT buybacks. avKAT stakers will receive every token purchased through the buybacks. The unstaking wait will fall from 45 days to seven.

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