30s Summary
The Ronin network announced an update to its decentralized exchange (DEX), Katana, with the aim of enhancing trading efficiency. The upgrade, planned for November, introduces adjustable fee tiers and concentrated liquidity to improve trading depth and limit slippage. Besides increasing capital efficiency, the network plans to reduce rewards from its Katana Liquidity Mining Program, aiming to make liquidity provision more capital efficient. Ronin also intends to slash rewards a second time, expected on Nov 26. Further, Ronin has facilitated a crosschain bridge with Chainlink, aiming to expedite its adoption and enhance user experience.
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So, some cool news from the Ronin network for you guys. They’ve got a fresh upgrade coming to their decentralized exchange (DEX), called Katana. The aim is to make trading smoother and more efficient.
The plan is to start supporting something called concentrated liquidity pools by November. Now, that’s provided everything goes as planned. Ronin says this update will boost trading depth and minimize slippage, improving the overall trading experience.
New features that this update will bring are something called adjustable fee tiers and concentrated liquidity. What does that mean for you? Well, it enables you to set more accurate profit margins and risk levels. Ronin also noted that this will aid its treasury.
The cool part about this is, the upgrade is expected to increase Katana’s capital efficiency and liquidity and reduce the dependency on high Ronin (RON) emissions in its liquidity program.
In other news, on Feb. 15, Ronin let us know they’d be slashing their Katana Liquidity Mining Program’s rewards by a radical 75%. They’re doing a two-step process here, and they’ve already cut it by half once, earlier in March.
With regards to these rewards, the next move Ronin has up its sleeve is to cut it again. The reason being, according to Ronin, it leads to more capital efficiency in providing liquidity. Apart from this, Ronin also added it will allow for more liquidity on the network.
Moving on, the network insists that as its token volume and liquidity expands, there’s less need for such heavy rewards. The next reward cut is set for Nov 26. It’s expected that this change will save a whopping 2.7 million RON tokens per quarter. The network says this reduction will lower RON inflation but not at the expense of liquidity. Apparently, the first phase got the same positive result.
In addition to this, Ronin has also managed to secure a crosschain bridge with Chainlink, which goes hand in hand with the platform’s ongoing efforts at improving its ecosystem. This integration aims to enhance user experience and speed up the adoption of Ronin. Expected!