Honey x Katana
Allowing your JPEGs to earn yield from options contracts and structured products.
In this part 2 of our series on Honey Ecosystem partners, we’d like to introduce our community to Katana, a sophisticated yield protocol for Solana.
What is Katana ?
For those of you unfamiliar with Katana, they are the grand prize winners of the Solana Ignition Hackathon, and they create financial derivatives such as covered calls and puts. These options contracts allow investors to participate in structured products in just a couple of clicks.
Katana lets you park your assets like SOL, USDC, ETH, etc. in vaults, who generate yield by selling options contracts with the liquidity in the vault. It’s a fantastic demonstration of how DeFi products can make complex financial derivatives accessible and transparent.
Our integration with Katana
Katana brings us closer to our mission of empowering the NFT degens with powerful financial tools.
Now, users can deposit their NFTs and in a few steps have access to financial derivatives, pushing the limit of DeFi and NFTs.
Borrowers can deposit their NFTs on Honey to obtain a loan in SOL or USDC. Those assets can be directed into a Katana strategy through our front end, with the generated yield paying down the borrower’s loan.
Derivatives and structured products allow for a huge number of financial experiments, which can soon be accessed by retail NFT investors. We look forward to seeing how Honey can introduce new opportunities to NFT holders through innovative protocols such as Katana.
Want to learn more about Honey Finance and our upcoming IDO? Checkout some of our latest articles:
- Whitepaper: A Peer-to-Contract Protocol for NFT Lending Markets
- Why we built Honey Finance — Mission Statement
- Why nobody cares about NFTs x DeFi
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