RONIN KATANA PLUS
When you provide liquidity in Katana right now, you get fees plus RON as rewards. In return for their service, they receive fees and in addition, rewards. The community will “add liquidity” to a pool to make sure everyone gets better prices when swapping. In a decentralized exchange, the job to ensure trades are matched rests with the community itself. Most often than not, this is made possible by the so-called market makers, who are professional traders or entities. For example, if the current ETH price is $4,500, and I want to sell my 1 ETH at $4,502, a liquid exchange ensures that there should always be someone willing to match my price. When someone says an exchange is “liquid,” it means its users are able to convert their token to another token with ease. This article will explain that in detail, but before everything else, we must understand what Liquidity Pool is first. RON is therefore needed to ensure the Ronin blockchain is continually owned by the community.Īt the moment, rewards in the form of RON tokens are given to users who provide liquidity to Katana. It will be used as a fee for all transactions happening in Axie Infinity and also in all other games that will be in the RONIN sidechain. RON is the ecosystem token of the Ronin Chain. This means that everytime you provide liquidity to ensure Katana Dex continues to operate, you have the opportunity to obtain RON in proportion to your contribution in the pool. In a statement, the Axie Infinity team said it launched RON at the same time as Katana because it wants to distribute this token to the members of the community who will begin adding liquidity to Katana.
With the release of Katana Dex, Axie Infinity’s decentralized exchange, so does the announcement and release of Ron Token, the ecosystem token of Ronin, the sidechain of Axie Infinity. Update: RON was released around 8:00PM of 27th January (Manila time) By Michael Mislos, updated by Jules Barcega
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