Skip to main content

What is unKat?

unKat. Unlock KAT. Unlock Possibilities.​

KAT is locked — but your capital doesn’t have to be. unKat lets you:

  • Trade, stake, lend, and build with KAT before it unlocks
  • Access early liquidity without giving up KAT exposure
  • Participate in price discovery from day one
  • Maintain custody and trust — everything is on-chain and secure

Powered by Unlocked Cash, unKat sets the market price of KAT, fuels DeFi activity, and bridges liquidity and utility before the unlock.

How is unKat backed​

unKat is 100% backed by Kat, each unKat minted is backed by a Kat token stored on the contracts.

This logic is written inside our contracts and is key to ensuring trust toward unKat and a stable peg between unKat and Kat.

As soon as Kat is unlocked, unKat holders will be able to redeem unKat tokens for actual Kat at a 1-1 ratio with no fee.

How to use unKat​

unKat is super simple to use, it works the same way as to farm Kat tokens with a simple trick under the hood.

  • Step 1: Add liquidity on Sushi or Morpho. Merkl will start accumulating rewards for you.

  • Step 2: Claim your rewards through the unKat frontend instead of of Merkl app. Our app will claim Kat tokens for you, but instead of sending them to you it will send the Kat tokens to the unKat contract and mint a matching amount of unKat tokens, these tokens are then transfered to your wallet minus a small operational fee.

  • Step 3: Enjoy an unlocked version of the Kat token !

how-unkat-works