Squads x Katana Integration
Squads announced its integration with Katana, the premier protocol for structured products and automated vault strategies on Solana.
With the support of Katana, Squads users will be able to generate yield on their assets directly within the Squad’s vault.
Multisig Treasury and Earn Yield
Collective asset management is one of the essential parts of collaboration for Web3 native teams. As DAO treasuries on Solana continue to grow, teams will need a multisig solution that offers direct access to yield generation protocols.
Squads is a protocol that helps web3-native teams organize, make decisions on-chain and manage digital assets together.
Katana is the premier yield generation protocol on Solana. Katana offers users the ability to deposit crypto into vaults that run automated DeFi derivative strategies to generate higher than the average yield on crypto assets.
Furthermore, Katana’s vaults abstract away the complexities of these strategies, allowing users to generate yield without constantly monitoring markets.
Tutorial
The Katana deposits are integrated directly into the vault tab. Any Squad member can initiate a Katana deposit for the Squad to approve, executed from the Squad’s interface.
- Go to your vault and click the “earn yield” option.
From there, you will see different Katana vault options for crypto deposits.
- Once you click on a particular strategy, you will be able to deposit your crypto.
They included a short blurb explaining the strategy so you know what is happening behind the scenes.
- Once you click deposit, the proposal is “active.” The proposal is waiting to be approved by the minimum amount of members necessary to execute transactions.
Scroll down, and you will be able to cast your vote.
- The transaction is “ready for execution when the threshold reaches.”
Click execute, and your crypto will automatically transfer into the vault.
- Your crypto will officially earn yield in the Katana vault once the new Epoch begins and the proposal executes. Katana’s Epochs start every Friday.
Congratulations, you are now earning yield directly within your multisig treasury!
Katana deposits are integrated directly into the vault tab. Any Squad member can initiate a Katana deposit for the Squad to approve, which can now execute from the Squad’s interface.
About Katana
Katana is the premier protocol for structured products and automated vault strategies on the Solana blockchain.
About Squads
Squads is a protocol that helps web3-native teams organize, make decisions on-chain and manage digital assets together. Squads focused on providing the most robust and user-friendly multisig experience for the growing DAO ecosystem on Solana.
⏩ SOURCE
