![]() ![]() Furthermore, once pooled, an equivalent LP token is generated, which is required for the farming aspect of Katana. Once submitted, those pairs will begin generating RON tokens based on the overall contribution to the pool. Via the “pools” tab, users can supply funds in trading pairs which automatically match the token values to its counterpart. Users also have the opportunity to provide liquidity to the Ronin ecosystem, and earn $RON rewards in return. Connect up a Ronin wallet, select the asset to trade, and the asset required, then initiate the transaction. As such, this new system works in a similar manner to most exchanges. So far, these include, AXS, SLP, WETH and USDC, providing a quick and efficient method to switch between these valuable assets. The new exchange allows users to swap effortlessly between tokens listed on the platform. Introducing the ability to trade, pool and farm game-related tokens from the Axie ecosystem. With Axie Infinity the developers actively want to redefine what it means to work in a world where digital ownership has actual value.Ronin, the mighty blockchain powering the Axie Infinity machine, has unveiled its new decentralized exchange, Katana. The community has grown to over 2.5 million players without ever releasing their game on Google Play or the iOS App Store. In their latest update, the team reiterated their focus on three main components: rewarding value creation, co-creation and co-ownership. The game uses play-to-earn mechanics to reward players with Smooth Love Potions, empowering communities around the world. Third party organizations like Yield Guild Games are building tools and communities to really turn people into gamers earning income by playing Axie Infinity.Īxie Infinity moved to the Ronin sidechain earlier this year, and launched staking of their AXS governance token earlier this month. The organization and economics behind this, is also becoming more professional. Among those countries the Philippines is leading the pack. In short, you need three $200 Axies to play and earn SLP tokens.Įarning SLP tokens has become a source of income for people in developing countries. SLP has a demand, while the floor price for an Axie NFT is right now more than $200. In addition parent Axies can only breed children a limited amount of times. Players need to use SLP to breed new Axies. In the game players need to use 3 Axie NFTs to battle opponents and earn Smooth Love Potions (SLP). The tactical battle game uses its own, native Ronin sidechain. Let’s quickly talk a bit about Axie Infinity. In addition RON servers as a governance token for the Ronin ecosystem, which will likely become a blockchain for more than just Axie Infinity alone. #KATANA RONIN DEX FREE#Transactions are free for now, but in the future you will need to pay a little bit of RON for every transaction. The reward system will activate later this week, the reward pool gets spread out over a 90-day period. This is 10% of the total supply of 1 billion RON. Sky Mavis has 100.000.000 RON as a reward for liquidity providers. Depending on your share of the people, you will earn a share of the swapping fees and the RON tokens. For example, for the WETH-AXS pool you will need to provide AXS and WETH in equal amounts. To provide liquidity you will need to deposit two tokens. That means that everybody can provide liquidity and earn rewards for that. Katana is a DEX, or decentralized exchange. These tokens can then be swapped against WETH or other currencies. Playing Axie Infinity they can earn Smooth Love Potions, or SLP tokens. ![]() Thanks to Katana users in the Axie Infinity community, more than 2 million people, will gain access to easy swapping methods. Those who deposit the named assets in the platform’s liquidity pools, will earn both a share of the trading fees and RON tokens. Users can deposit USDC, WETH, SLP and AXS on the sidechain, and then swap tokens or provide liquidity without worrying about high gas fees. Sky Mavis has launched its own decentralized exchange, Katana, on their Ronin sidechain. ![]()
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