![]() ![]() ![]() KATANA RONIN DEX FREEUsers get 100 free Ronin transactions per day however, the network will use RON for Ronin Fees over time. With this initial version, players can swap Smooth Love Potions (SLP) reward tokens and AXS governance tokens, alongside Wrapped Ethereum (WETH) and the USDC dollar-pegged stablecoin.ĭue to the fact that this is a decentralized exchange, the transactions occur through user-backed liquidity pools without any centralized authority or middleman managing the funds.Īlongside all of this, there’s also the new RON ecosystem token which can be used for Ronin transactions. This, in turn, makes it a lot easier for players to swap tokens directly on the sidechain, and this no longer requires them to bridge tokens to Ethereum. On November 4, we saw an announcement on the official Twitter page of Axie Infinity that The Ronin DEX is live and that users can now deposit liquidity and swap tokens. However, in its more recent developments, Ronin has gained additional utility through its own decentralized exchange (DEX) rollout. The launch of the Ronin DEX as a catalyst for growthĪxie Infinity has seen a lot of popularity after Ronin’s launch, a custom sidechain that enables quick, low-cost transactions. Sign-up for the Invezz newsletter, today. KATANA RONIN DEX SERIESSky Mavis recently finished a Series B Funding round where they raised $152 million from major investors to improve their gaming platform and create economic and financial freedom for gamers.Īre you looking for fast-news, hot-tips and market analysis? This is rather impressive for an exchange that has existed not more than several hours.Axie Infinity AXS/USD is a popular non-fungible token (NFT) based game developed by a Vietnamese studio known as Sky Mavis. Since the Katana decentralized exchange launch, the dapp has attracted upwards of 25.000 traders, who performed more than 52.000 transactions. However, this functionality will become available at a later date when Katana starts supporting the RON/ETH pool for swapping RON tokens. Currently, players won’t be able to claim WRON rewards. According to the official announcement, WRON rewards for these pools will be activated later this week. Additionally, 0.05% of each swap goes to the Ronin treasury.Īll liquidity pool rewards are issued as Wrapped Ronin Tokens (WRON) as the staking contract only accepts ERC-20 tokens. Liquidity providers receive 0.25% of each trade that taps into the pool. Once you deposit liquidity, you’ll need to stake your liquidity pool tokens to participate in the Katana launch reward program. Importantly, if you’re currently staking AXS, you’ll need to un-stake your AXS to participate in this pool. Katana is launching with liquidity rewards for two pools: Become a liquidity providerĪnother important feature of the Katana DEX is allowing players to lock their in-game assets and become liquidity providers. With the integration of Katana DEX, players will easily exchange SLP for AXS and stake their assets for additional profit. Additionally, the team recently introduced staking mechanics for the AXS token. RON’s primary purpose is to ensure that Ronin will always be a blockchain owned by the community.ĪXS is the native governance token in the Axie Infinity ecosystem. It will eventually be used to pay gas fees and secure the network for both Axie Infinity and future games or products hosted on the chain. RON is the ecosystem token for the Ronin chain. ![]() However, in the future, the Axie team plans to add support for RON and WRON swaps. Notably, the decentralized exchange exists on the Ronin sidechain, facilitating much cheaper transactions than the previously available Ethereum-based swap services.įor the moment, players will only be able to swap between the four tokens mentioned above. Katana DEX is the latest Axie product which will allow players to easily swap between AXS, SLP, USDC, and WETH. Axie players can now quickly swap between AXS, SLP, USDC, and WETH on Ronin-based KatanaĪxie Infinity has introduced another significant functionality for players who want cheap and fast swaps and transactions. ![]()
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