The Ronin Network has gone Live on January 27th, 2022. We explore what this means and more.
Axie Infinity Ronin + KATANA
By Editor | Published 01.29.2022
How will Ronin Network and KATANA DEX Help Axie Infinity Economy?
- Ronin Network
- KATANA DEX
- How this Helps
- Looking Forward
Ronin Network
The Ronin Network is a layer two solution to Ethereum’s layer one blockchain. Sky Mavis has built a foundation for Axie Infinity and other add-ons to Axie Infinity by adding this second layer. The Ronin Network can also host other games, giving Sky Mavis its playground for other projects. The primary purpose of the Ronin Network is to host the games developers create that will be accessible once Land Gameplay has been released.
KATANA DEX
The Katana DEX is where the transactions occur on the Ronin Network. You can SWAP, POOL, and FARM the Sky Mavis ecosystems tokens. For an in-depth look, visit: Katana DEX Gitbook
For a quick overview, or read on.
SWAP
The tokens include WETH (Wrapped Ether), AXS, SLP, RON, and USDC. You must connect your compatible wallet to SWAP your tokens.
POOL
You can add to the Liquidity by pairing your tokens while earning from SWAP fees based on the amount provided to the pool. For an in-depth look into using the Katana DEX POOL, check out the video below.
FARM
You can earn daily passive APR from pairs of tokens provided to the DEX. By pairing your tokens, you can earn RON every day. The pairs are AXS/WETH, SLP/WETH, RON/WETH.
How this Helps
Players of Axie Infinity will now have much faster and cheaper transactions. Players can now also invest in more ways using the Katana DEX by using the tokens provided; we call this a WIN-WIN!
The Ronin Network and KATANA DEX will significantly help the Axie Infinity economy and long-term sustainability. By building this layer two solution to Ethereum, Sky Mavis has now built a major foundational cornerstone for their future success.
Looking Forward
We are excited to see the growth of Axie Infinity. Now that the Ronin Network and KATANA are live, the next phase is the Starter Packs for new players to onboard them into the Axie Infinity Metaverse.
While we are excited about the updates, the community is still concerned about the utility token SLP. We know the Ronin Network and KATANA DEX help in the long-term, but with SLP dropping and players waiting for an answer.
Standard Disclaimers: (1)The information and/or opinions in this article are intended for entertainment purposes only. Contents of this article are not investment, business, legal, or tax advice.
(2)Although best efforts are made to ensure that all information provided is accurate and up to date, omissions, errors, or mistakes may occur.
(3)The author of this article is invested in (a) cryptocurrency project(s) and currently has cryptocurrency holdings – including those covered in this article.
