![]() This further enhances user experience within the Axie Infinity ecosystem. These swaps are all done on the Ronin blockchain, without having to leverage the Ronin bridge and pay for gas fees to bridge back and forth, or use Binance. Users can now play Axie and earn SLP to swap directly for AXS/ETH, or stake AXS to earn more AXS and swap that for ETH or SLP (you can start to see the game theory develop here). The first aspect is that Katana facilitates a better user experience. In this case, users ‘farm’ $RON, the native token for the Axie sidechain, Ronin.īefore I get into how we can assess the value of $RON, I want to touch on why Katana is an essential part of the future of Axie Infinity. To incentivize LPs to provide liquidity, even with the risk of IL, you provide a token as a reward. This is a sufficient method of generating fees, however you can suffer from potential impermanent loss (more on that here). There are several reasons for why users would want to provide liquidity:įor now, as previously stated, 0.25% of each transaction goes to the liquidity providers, or people who own the LP tokens, in return for their liquidity that they provided. $AXS $RON $SLP /uoC圎lUwBK- Chaz November 5, 2021 It is not offered or intended to be used as legal, tax, investment, financial, or other advice.Nearly $500million dollars of liquidity, pools be DEEP.Ģ00,000 TX, plenty of users making their trades cheaper.īut it's probably nothing. Small Love Potions are used in-game to battle, and are earned as rewards based on player-versus-player modes.ĭisclaimer: This article is provided for informational purposes only. Īxie Infinity’s $SLP token has seen a rise of 42.40% in the past 24 hours, with a recent high of $0.11 per token within the timeframe. RON’s primary purpose is to ensure that Ronin will always be a blockchain owned by our community.” Sky Mavis stated in a community newsletter. It will eventually be used to pay gas fees and secure the network for both Axie Infinity and future games/products hosted on the chain. RON is the ecosystem token for the Ronin chain. When users go past that limit, $RON will be used for fees on the Katana DEX. There is currently an imposed limit during the launch phase, however: 100 Ronin transactions per day for each user. Stakers may deposit with both SLP/ETH and AXS/ETH, with a scheduled rewards activation later in the week. The token will run with liquidity incentivization, providing rewards to liquidity providers through 10% of the total $RON supply. Sky Mavis has also introduced $RON, a new ecosystem token. All transactions processed on the Katana DEX are handled by the Ronin sidechain’s user-backed liquidity pools. Axie Infinity’s Smooth Love Potion ($SLP) reward tokens and $AXS governance tokens are primed for the new decentralized exchange, alongside Wrapped Ethereum ($wETH) and USD Coin ($USDC). Before then, users had to bridge tokens to the Ethereum blockchain first, a process which incurred additional fees. ![]() Katana’s decentralized exchange services run natively on the Ronin sidechain, and would help Axie Infinity players and users to directly swap tokens without leaving the sidechain. RON rewards will be activated for the AXS/ETH & SLP/ETH pools later this week.įull article □ /QXmEs5YfOj You can now deposit liquidity and swap tokens. Today, we take one step closer to a more prosperous future for our nation ✨ Axie Infinity’s Ronin custom sidechain enabled fast, low-cost transactions for both $AXS and $SLP (Small Love Potion) reward tokens, and with the launch of Katana, both tokens’ prices have surged today. The launch was initially announced last month, as the protocol’s Axie Infinity Shards ($AXS) reached a then new all-time high of $153. Now, Axie Infinity users will be able to swap tokens without connecting to and bridging with the Ethereum blockchain. ![]() The launch follows the development of its Ronin sidechain, which now also introduces a new ecosystem token, $RON. Axie Infinity, the Ethereum-based crypto game built by Sky Mavis, has announced the launch of its own decentralized exchange, Katana. ![]()
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