Katana | Core Apps — Sushi, Morpho & Katana Perps
Explore Katana core apps for spot swaps, liquidity, lending, borrowing, vaults and perpetual futures, and how shared markets concentrate DeFi liquidity.
Why Katana uses core apps
Katana is designed around a small number of core financial markets rather than many duplicated versions of the same primitive. The goal is to concentrate liquidity in deeper shared venues that other applications can compose with.
Sushi for spot trading
Sushi is the core DEX for token swaps and liquidity pools. Users can trade against pooled liquidity and liquidity providers can earn fees, with some pools also participating in KAT incentive systems.
Morpho for lending and borrowing
Morpho provides isolated lending markets and curated vaults. Borrowers post collateral and borrow a loan asset within market risk parameters. Lenders supply liquidity and earn interest. Vault curators can allocate deposits across multiple markets.
Katana Perps for leveraged markets
Katana Perps provides perpetual futures with an offchain matching layer and onchain custody/settlement. Cross-margin collateral can support multiple open positions, which improves capital efficiency but also connects position-level risk.
How core apps connect to the network
Core apps interact with Katana-specific mechanisms including Chain-Owned Liquidity, KAT incentives and productive bridge assets. They remain independent applications, but they are central to the network’s liquidity design.
Composability for developers
Applications can route swaps to Sushi, source lending liquidity from Morpho markets or integrate perps-related data and collateral flows instead of rebuilding every market from scratch. This reduces liquidity fragmentation and creates clearer integration paths.
Frequently Asked Questions
What are Katana core apps?
They are the primary applications serving spot trading, lending/borrowing and perpetual futures markets.
Which app handles swaps?
Sushi is the core DEX for swaps and liquidity pools.
Which app handles lending?
Morpho provides lending markets and curated vaults.
Which app handles perpetual futures?
Katana Perps provides leveraged perpetual futures markets.