As a seasoned researcher with a knack for blockchain technology and a soft spot for decentralized exchanges (DEX), I find the recent developments at Ronin particularly intriguing. The upcoming v3 upgrade for Katana, their DEX, promises to enhance trading efficiency and capital use, something that’s music to any trader’s ears.
In simple terms, the Ronin network is planning an update, version 3, for its decentralized exchange known as Katana. This upgrade aims to improve trading speed and optimize how funds are utilized within the platform.
According to Ronin’s announcement, the decentralized exchange (DEX) will introduce concentrated liquidity pools starting from November, assuming all goes smoothly. This update is expected to provide greater trading depth and reduce slippage, thereby improving the performance of both traders and liquidity providers on the platform.
The upcoming changes introduce two innovative tools: adjustable fee ranges and focus liquidity pools. With these additions, Liquidity Providers can fine-tune their earnings margins and risk exposure levels for a more personalized experience. Additionally, Ronin notes that this enhancement will bolster its financial reserves as well.
As per Ronin’s explanation, the upcoming update aims to enhance the Decentralized Exchange’s (DEX) ability to utilize capital effectively and maintain sufficient liquidity. This upgrade is expected to minimize the necessity for excessive Ronin (RON) minting within their liquidity management plan.
Ronin to cut Katana DEX liquidity rewards by 50%
Starting on February 15th, Ronin declared a reduction of 75% in the rewards for its Katana Liquidity Mining Program. This decrease will take place in two stages, each reducing the rewards by half. The first stage, which was carried out in March, has already been implemented.
Ronin announced a plan to reduce its reward emissions rate by half. This change, as stated within the network, enhances the network’s capital efficiency when it comes to offering liquidity. Moreover, Ronin pointed out that this adjustment allows for an increased depth of liquidity in the network.
According to Ronin, as the trading volume and liquidity of their token increases, there’s less necessity for “high-level” incentives. They mentioned that the next stage of their blockchain network will begin on November 26, during which rewards will be reduced by half once more.
As reported by the network, phase two of the token adjustment is projected to save approximately 2.7 million RON tokens each quarter. This step, according to the network, will lower the inflation rate for RON without affecting its liquidity. The platform highlighted that the initial phase’s adjustments successfully accomplished this objective.
Ronin secures crosschain bridge with Chainlink
The action is in line with Ronin’s continuous work towards enhancing its system. On October 10th, the blockchain enhanced the safety of its bridge by incorporating Chainlink’s Cross-Chain Interoperability Protocol (CCIP), which is a communication protocol between different chains.
Ronin stated that the integration would enhance the user’s interaction, providing more room for speeding up the usage of Ronin.
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2024-11-13 13:48