Katana to End Emissions Voting, Start Revenue-Funded Buybacks for KAT Stakers

The shift from emissions voting to revenue-funded buybacks marks a meaningful change in how Katana aligns staker incentives with actual network income rather than inflationary token distribution. The shortened unstaking cooldown lowers the friction for exiting, which cuts both ways: it improves liquidity for participants but could also make staker bases more reactive to short-term conditions. The key open question is whether the buyback program scales with real revenue before full onchain automation arrives, since the interim period leaves execution details less transparent.