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- Axie Infinity? November 4, 2021 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.
0 kommentar(er)
