#KATANA RONIN DEX FREE#

The team stated that the main purpose of RON is so that Ronin will always be a blockchain owned by the community.

#KATANA RONIN DEX FREE#

In the coming months/years (or whatever timeframe the team deems fit), there will be a shift away from 100 free txs to transactions with RON used as gas. In the current state of Ronin, users get 100 free transactions per day, transactions which don’t require RON. Users will pay gas-fees in RON and use it to secure the network against potential bad actors. I am sure many of you already know this, but for those that are not crypto-native, according to Axie, RON is the “ecosystem token that powers the Ronin blockchain”. This leads us to ask, what is $RON and how much is it worth? Further increasing user experience across every Ronin-based game. The market will set the value of the resources, and the pairs will be constantly updated to provide accurate quotes on resource to resource swaps. Say you had some crystal from one game and wanted to swap for SLP in Axie, Katana now allows for the potential swap of resources across every game on Ronin. The resources that belong to these games can also be pooled on Katana and be traded instantly. Thinking outside of the Axie Infinity gaming ecosystem, Katana provides the infrastructure for future NFT games that want to build on the Ronin sidechain. The infrastructure is being built out for a blooming economy across not just but many blockchain games that want to leverage ronin. Katana was the first step in unlocking liquidity for all resources that are found in Lunacia. I imagine a future where Katana is seamlessly integrated into land gameplay and I only have to open my inventory and click ‘buy more stone’ and it automatically provides me with a quote on my swap, in game. The DEX provides the infrastructure for these liquidity pools so that I don’t have to bridge, swap on Uniswap or Sushi, and then bridge back. What if I wanted to swap AXS or SLP for these resources instead? Save myself the time of farming and just buy the amount I needed to build the structures that I wanted to build. Think back to the land gameplay demo that we got to experience previously, the time to gather resources such as wood or stone could be seen as tedious and time consuming for some (which was the feedback that I provided in my review here). From first hand experience, Katana is clean, easy-to-use and the team provided great resources for how users can use it.īeyond the current, basic Axie Infinity resources (AXS, SLP, ETH, and now RON), there will be various other in-game resources that will need deep liquidity pools for future land experiences.

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 Nearly $500million dollars of liquidity, pools be DEEP.Ģ00,000 TX, plenty of users making their trades cheaper.īut it's probably nothing.

Katana ronin dex