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Katana Partners With Squads for Multisig Treasury Management

source-logo  web3wire.news 23 April 2022 23:35, UTC

Passive Income for DAOs

Squads has partnered with Solana´s automated yield generator––Katana––to offer Web3-native teams and DAOs a collective asset management solution. 

The strategic partnership was first presented on April 20 on Squad´s Medium blog. From now on, Squads users can access Katana´s multiple yield strategies directly within the Squads vaults. Without the integration, teams had to invest their treasury funds through external wallets, removing the democratic and secure layer Squads’ multisig offers.

“As DAO treasuries on Solana continue to grow, teams will need a multisig solution that offers direct access to yield generation protocols. With this integration, we are making that solution a reality,” wrote Squads´ team on the blog. “We aim to build a suite of features on top of the multisig primitive to upgrade the overall experience.”
Source

Katana recently announced a seed funding round of $5 million to scale the organization and become a yield generation powerhouse in DeFi. The protocol also partnered on April 23 with Zebec to propel their suite of yield products even further. These partnerships serve as a testament to how developers on Solana are leveraging the power of composability to bring the ecosystem to new heights. 

What is Katana?

Katana was created to build the yield generation primitive for Solana. The protocol has a suite of packaged yield products across the risk spectrum that enables users to passively access the best risk-adjusted yields in the ecosystem. Yields in Katana’s product suite are not dependent on liquidity mining programs, but instead, they rely on price action that will enable a diversified and more sustainable source of yield.

What is Squads?

Squads is a Solana-based collaborative framework for Web3 native teams to organize, make decisions and manage digital assets. It provides startups, protocol contributors, and investors the tools to make their building experience smoother. DAOs can leverage the Squads infrastructure to create groups working on specific areas of DAO development, allowing governance processes to become agile. 

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