NFT Game Axie Infinity Officially Launched Katana DEX

NFT Game Axie Infinity Officially Launched Katana DEX

Katana DEX is a decentralized echnage based on the Ronin blockchain. From now on, its users will be able to trade AXS, SLP, USDC and WETH and bet on sets of cryptocurrencies.

Liquidity providers will receive a reward as a percentage of the fees charged for the exchange and a reward in RON (Ronin blockchain currency) tokens.

Three Benefits of Working with DEX

  • The exchange of Axie tokens will become easier and faster as it will be performed on Ronin's blockchain.
  • The project ecosystem Axie Infinity will become more independent from third-party wallets and purses.
  • It will be possible to generate passive income by adding your assets to the pool.
Katana DEX token exchange interface

Katana DEX token exchange interface

Due to the recent release of Katana, the exchange now supports:

  • Smooth Love Potion (SLP) — a farm token.
  • Axie Infinity Shards (AXS) — a game control token.
  • Wrapped Ethereum (WETH) — the ETH equivalent of the ERC20 standard.
  • USD Coin (USDC) — a stablecoin with a price pegged to the US dollar.
  • RON — a new Ronin blockchain governance token. The issue is 1 billion. It is necessary to pay taxes on gas, vote for the future of the project and ensure the decentralization of the project.

To boost Katana's liquidity, 10% of the total RON offer will be rewarded to liquidity providers that bet their deposits on SLP / ETH and AXS / ETH.

Half of the tokens will be allocated between all stakers in the SLP / ETH pool, and the providers of liquidity for AXS / ETH will receive the second half. If you are already an AXS bettor, you need to re-play AXS to participate in this pool.

Rewards will be activated this week. Thus, stakers will receive 0,25% of all trades in the pool.

Another 0,05% will go to Ronin's budget. Payments will be in Wrapped Ronin (WRON) tokens, as the smart contract works with assets ERC20.

RON Farming on Token Staking

RON Farming or Token Staking

The developers also plan to release the RON/ETH pool concurrently. They expect the material incentive to create a whirlpool effect, sucking AXS, SLP, ETH and USDC into Katana liquidity pools.

Why is RON Required?

The developers also plan to release the RON/ETH pool at the same time. They expect the material incentive to create a whirlwind effect, sucking AXS, SLP, ETH and USDC into the liquidity pools in Katana.

Why is RON Required?

The creators of Axie Infinity noted that today, Ronin blockchain users receive 100 free transactions a day. In the future, they plan to move away from this practice, introducing a small fee for gas — this is where governance tokens come in.

Attention: RON tokens are not for sale yet, and you can only earn them!

 

 


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