FAQ

General

What is Kana?

Kana is a yield aggregator on SEI blockchain supporting both USDC and WSEI. You deposit an asset into the corresponding vault, receive vault shares (kUSDC or kSEI), and Kana automatically earns the best yield across SEI lending protocols.

Is Kana custodial?

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

What chain is Kana on?

SEI (EVM-compatible).

What assets does Kana support?

USDC and WSEI. Each has a dedicated vault with its own yield sources:

• USDC Vault — earns yield via Yei Finance, Takara, and Morpho (kUSDC shares)
• WSEI Vault — earns yield via Yei Finance, Takara, and Feather (kSEI shares)

Deposits & Withdrawals

How do I deposit?

Choose the vault for the asset you want to deposit (USDC or WSEI), connect your wallet, approve the token, and deposit through the Kana frontend. You'll receive vault shares (kUSDC or kSEI).

How do I withdraw?

Redeem your vault shares through the frontend. You'll receive the underlying asset (USDC or WSEI) 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 shares than the amount I deposited?

Vault shares appreciate in value over time. As yield accrues, each share is worth more of the underlying asset. So you receive fewer shares, but each share is worth more.

Yield

Where does the yield come from?

Lending interest from borrowers on SEI lending protocols. The sources depend on which vault you use:

• USDC Vault: Yei Finance, Takara, and Morpho
• WSEI Vault: Yei Finance, Takara, and Feather

People borrow the assets and pay interest — that interest goes to you (minus the 10% performance fee).

What APY can I expect?

APY varies based on market conditions and demand for 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?

pay interest — that interest goes to you (minus the 10% performance fee).

What APY can I expect?

APY varies based on market conditions and demand for 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 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?

No. The 10% performance fee is immutable — hardcoded in the contract and cannot be changed.

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?

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

Can fees change?

No. The 10% performance fee is immutable — hardcoded in the contract and cannot be changed.

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.