FAQ

General

What is Kana?

Kana is a USDC yield aggregator on SEI blockchain. You deposit USDC, receive kUSDC shares, and Kana automatically earns the best yield across SEI lending protocols.

Is Kana custodial?

No. Kana uses ERC-4626 vaults — you can withdraw your USDC at any time by redeeming your kUSDC shares.

What chain is Kana on?

SEI (EVM-compatible).

What asset does Kana support?

Currently USDC only.

Deposits & Withdrawals

How do I deposit?

Connect your wallet, approve USDC, and deposit through the Kana frontend. You'll receive kUSDC shares.

How do I withdraw?

Redeem your kUSDC shares through the frontend. You'll receive USDC proportional to your share of the vault.

Is there a minimum deposit?

No minimum enforced by the contracts, though very small deposits may not be economical due to gas fees.

Are there any lockups?

No. You can withdraw at any time.

Why did I receive fewer kUSDC than USDC I deposited?

kUSDC shares appreciate in value over time. As yield accrues, each kUSDC is worth more USDC. So you receive fewer shares, but each share is worth more.

Yield

Where does the yield come from?

Lending interest from borrowers on Yei Finance, Takara, and Morpho. People borrow USDC and pay interest — that interest goes to you.

What APY can I expect?

APY varies based on market conditions and demand for USDC borrowing on SEI. Check the frontend for current rates.

How often is yield compounded?

The keeper bot harvests and compounds yield periodically (typically every few hours).

Is the yield guaranteed?

No. DeFi yields are variable and depend on market demand. However, your principal USDC is not at risk from yield fluctuations — the worst case is 0% yield, not loss of funds.

Fees

What fees does Kana charge?

10% performance fee on yield only. No deposit, withdrawal, or management fees.

Can fees change?

The vault owner can adjust fees up to a hard cap of 20%.

Security

Has Kana been audited?

Not yet. Kana is in planning/testnet phase. An audit will be completed before mainnet launch.

What happens if the keeper bot goes down?

Your funds remain safely deposited in the lending protocols. They continue earning yield — it just won't be harvested/compounded until the keeper resumes.

What if one of the lending protocols gets hacked?

Kana diversifies across multiple protocols to reduce this risk. However, a protocol exploit could result in partial loss of funds allocated to that protocol. This is an inherent DeFi risk.