Introduction

Kana is a USDC yield aggregator built on SEI blockchain. Think of it as a high-yield savings account for your stablecoins.

The Problem

DeFi lending protocols on SEI each offer different yields that fluctuate constantly. Manually moving funds between protocols is:

• Time-consuming — monitoring rates across Yei Finance, Takara, Morpho
• Gas-inefficient — frequent rebalancing eats into returns
• Error-prone — manual operations risk mistakes

The Solution

Deposit USDC into Kana and receive kUSDC shares. Kana's smart contracts and keeper bot handle everything else:

1. Auto-allocation — funds are split across SEI lending protocols based on current APYs
2. Auto-rebalancing — the keeper bot monitors rates and rebalances when better opportunities arise
3. Auto-compounding — harvested yield is reinvested automatically
4. Single withdrawal — redeem your kUSDC shares for USDC at any time

Key Properties

Property	Detail
Asset	USDC
Chain	SEI
Vault Standard	ERC-4626
Share Token	kUSDC
Yield Sources	Yei Finance, Takara, Morpho
Fee	10% performance fee on yield
Lockup	None — withdraw anytime

How kUSDC Works

When you deposit USDC, you receive kUSDC shares representing your proportional ownership of the vault. As yield accrues, the value of each kUSDC share increases relative to USDC. When you withdraw, you redeem kUSDC for more USDC than you deposited.

This is the standard ERC-4626 tokenized vault pattern — widely used, battle-tested, and composable with other DeFi protocols.