# Katana Launches A Perps DEX

> Katana acquired IDEX and is leveraging its infrastructure to launch Katana Perps,

**Published by:** [ETH Daily](https://ethdaily.io/)
**Published on:** 2026-03-24
**Categories:** news, 2026, march2026
**URL:** https://ethdaily.io/909

## Content

Quick TakeKatana launches a perps DEX.Balancer Labs is shutting down. Resolv hack and USR depeg.Ethereum L1 and L2 relationship.Katana Launches A Perps DEXListen to this episode from Ethereum News on Spotify. Katana launches a perps DEX. Balancer Labs is shutting down. A Resolv hack depegs the USR stablecoin. And Ethereum researchers outline the relationship between L1 and L2. Read more: https://ethdaily.io/909https://spotify.comSponsored byBorrow against ETH at 0.50%. Take advantage of the lowest rates in DeFi, delegate the rate setting to a manager, and create a fully passive position on liquity.orgKatana Launches A Perps DEXKatana, a DeFi-focused, ZK-powered Layer 2 built on Polygon’s Agglayer, acquired IDEX and is leveraging its infrastructure to launch Katana Perps, its native perpetual futures DEX, now live in early access. The move reflects Katana’s broader strategy of owning and integrating core DeFi infrastructure at the chain level. Katana Perps is powered by a structural yield model using its Vault Bridge. The Vault Bridge uses USDC bridged onto the L2 to generate ongoing yield, which is used to fund trading incentives like liquidity, market making, and user rewards, allowing incentives to be sustainable and scale with deposits. Katana will also flow trading fees from Katana Perps back into its ecosystem. The move aims to link its KAT more directly to real protocol revenue generation.Balancer Labs Is Shutting DownBalancer published two governance proposals announcing the wind-down of Balancer Labs and a restructuring that cuts the team roughly in half, from 25 to 12.5 FTE and reducing its annual budget from $2.87 million to $1.9 million in hopes of extending the protocol's runway from under 4 years to 9 years. The move follows Balancer’s November 2025 exploit and a $2.6 million annual deficit. BAL emissions compounded the problem by diluting holders without generating proportional returns. The proposals aim to halt BAL emissions immediately, route 100% of protocol fees to the DAO treasury, cut the V3 swap fee in half, sunset the veBAL system, and offer a BAL buyback at $0.16/token. Balancer will focus on Boosted Pools and reCLAMM, with the restructure aiming to bring long-term sustainability.Resolv Hack Mints $80M Unbacked USRResolv, the issuer of the USR stablecoin on Ethereum, suffered a private key compromise on March 22, 2026, allowing an attacker to use the offchain account responsible for finalizing mint requests. The attacker minted 80 million unbacked USR by exploiting the lack of onchain oracle checks and minting caps. The attacker converted the tokens into wstUSR and sold it across Curve, KyberSwap, and Velodrome, extracting approximately $25 million (primarily 11,409 ETH) and triggering a depeg of the stablecoin. While Resolv’s $141 million collateral pool remained unaffected, users experienced impacts across multiple DeFi protocols. On Morpho, automated allocators continued supplying liquidity after the exploit, resulting in millions of dollars in bad debt. Fluid fully covered its exposure through emergency loans, ensuring no user funds were affected on its platform. Resolv paused the protocol and began enabling redemptions for pre-incident holders on March 23. It also issued an onchain message to the attacker seeking recovery of funds.Ethereum L1 And L2 RelationsipEthereum researchers Josh Rudolf, Julian Ma, and Josh Stark outlined their vision for how Ethereum L1 and L2s should work together as a unified system. Their core idea is that Ethereum can best scale and achieve mass adoption by leveraging the strengths of both layers. Ethereum L1 remains secure and decentralized, acting as the primary hub for settlement, liquidity, and DeFi, while scaling without compromising its core principles. L2s have evolved beyond just scaling solutions. Their primary role is to provide differentiation through innovation, customization, and specialized use cases. L2s access Ethereum’s security, users, developers, and capital, without needing to operate their own validator networks. Together, the layers create a mutually reinforcing system to power a global, interoperable onchain economy.Other NewsACDT #752026 Ethereum Staking SurveyEncrypted Mempools 101What to know for GlamsterdamPrivacy Pools SDK bugePBS variable payload deadlineOctant seeks social leadArbitrum Sepolia outageConduit G3 sequencerDisclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.

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