![]() ![]() ![]() #KATANA RONIN DEX HOW TO#Some of the videos that you can expect on the channel are axie tutorials, how to get started with axie infinity, axie for beginners, as well as axie infinity gameplay. This channel focuses on many topics in the Axie infinity universe. #KATANA RONIN DEX FOR FREE#That way you can support me for free and watch more Axie infinity content. If you guys enjoyed the video, make sure to give it a like, subscribe to the channel, turn the post notifications on so that you never miss a video. NFG is constantly looking for scholars not only in Axie! ![]() The Katana Dex has been with us for a solid couple of days and made the life of many users on the network much easier when it comes to swapping their assets to Ethereum and purchasing their first axies! But the Katana dex has many more functions that you might not be aware of. An NFT acts like a deed of ownership for a provably scarce digital item, and in Axie Infinity, NFTs represent one-of-a-kind cartoonish monsters, customizable land plots, and other items.Swapping, Pool, Farm, Impermanent Loss, what is $Ron and a live example AXS set an all-time high of $162 less than a week ago, and has skyrocketed over the course of 2021, rising from a price of under $0.60 on January 1.Īxie Infinity has rapidly become the most prominent blockchain game on the market, generating more than $2.8 billion worth of NFT trading volume to date, per CryptoSlam. The game’s AXS governance token is also up today, rising 10% over the last 24 hours to a current price above $150. SLP is key to the monster battling game’s play-to-earn model, as users earn token rewards for competing against other players online and can swap the tokens for other cryptocurrencies. RON rewards will be activated for the AXS/ETH & SLP/ETH pools later this week.įull article □ /QXmEs5YfOjĪccording to a post from Sky Mavis, Katana is designed to simplify the process of moving funds around the Axie ecosystem and minimize fees, as well as increase liquidity for assets and “reduce our reliance on other parties by becoming the largest exchange for our ecosystem’s tokens.”Īxie’s SLP token has pumped significantly since Katana’s launch this morning, and is currently up 74% to a price of nearly $0.12 per token, per CoinGecko. You can now deposit liquidity and swap tokens. Today, we take one step closer to a more prosperous future for our nation ✨ Users can stake tokens into SLP/ETH or AXS/ETH pools on Katana to provide liquidity and earn rewards. Currently, users are allowed 100 free Ronin transactions per day, but eventually the network will transition to using RON for Ronin fees. Sky Mavis, the developer of Axie Infinity, has also launched a new RON ecosystem token that will be used for Ronin transactions. Because it’s a decentralized exchange, transactions take place via user-backed liquidity pools with no centralized authority or middleman. With the initial version of Katana, players can swap Axie Infinity’s Smooth Love Potion (SLP) reward tokens and AXS governance tokens (those that grant voting rights to holders), along with Wrapped Ethereum (WETH) and the USDC dollar-pegged stablecoin. That means that players don’t have to bridge tokens to Ethereum first, for example, which introduces additional fees and hassle to the process. Launched early this morning, Katana is a DEX that runs natively on Ronin, making it easier for Axie Infinity players to swap tokens directly on the sidechain itself. Now Ronin has picked up added utility with the rollout of its own decentralized exchange (DEX), and the game’s tokens are surging in price today. It also has a new ecosystem token of its own called RON.Įthereum -based play-to-earn game Axie Infinity exploded in popularity this summer following the launch of Ronin, a custom sidechain that enabled speedy, low-cost transactions. ![]() Katana lets users swap tokens without bridging to Ethereum.Axie Infinity’s Ronin sidechain for Ethereum now has its own decentralized exchange called Katana. ![]()
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