Katana DEX Will Launch A new Liquidity Mining With 11 Million RON

Key Points:

• The current Liquidity Mining program for 2022 will result in a 50% reduction in RON emissions.
• Katana DEX has introduced new bonuses for certain token combinations.
• On January 1, 2023, the new regulations will go into force.

Katana, the DEX platform on Axie Infinity’s dedicated Ethereum sidechain Ronin, has announced a new liquidity mining strategy that will begin on January 1, 2023.

The initial release of the RON in its new format will be halved, and the Katana program’s initial iteration will run from January 1st to March 31st, following which it will be evaluated quarterly. The new Katana liquidity mining program has an allotted budget of around 11 million RON, which is equivalent to approximately 1.1% of the total supply.

The team is also happy to reveal additional liquidity provider incentives that will be available in early Q1 as they move to new RON liquidity pools. They have chosen to implement these incentives rather than halting emissions on December 31st because the team believes this is the most effective way to ensure Katana has enough liquidity for the community to execute trades.

This first iteration of program implementation will go from January 1st through March 31st, after which will be conducted a quarterly program evaluation. The new Katana Liquid Mining Program has a budget of up to 11 million RON, or around 1.1% of total supply.

Katana is Ronin’s native decentralized exchange. Katana was developed by Ronin. Tokens like as AXS, SLP, RON, USDC, and WETH can be traded at any time and from any location using a user’s Ronin wallet. This functionality is available to everyone. Users of Axie Infinity now have the ability to purchase and sell in-game currencies thanks to this feature.

In the year 2022, the group embarked on a journey with the goal of distributing their native token, RON, to the members of our community. They were successful in accomplishing this goal by introducing an incentive for liquidity providers to participate in certain essential pools and earn RON tokens.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Chubbi

Coincu News