TLDR: L1 token that is basically a ve(3,3). "The vKAT system redefines the core function of the token holder. Rather than passively voting on abstract changes, vKAT holders directly control one of the network’s most valuable resources: the flow of KAT emissions to boost DeFi pools. Token holders actively shape liquidity, incentives, and the distribution of value across the chain’s core markets. This mandate transforms the governance token from a speculative asset into a powerful financial instrument tied to the network’s productivity."

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