Katana & Liquidity Pool
Last updated
Last updated
Katana is an automated market maker (AMM) decentralized exchange (DEX) built on top of Ronin.
Swap : Katana allows anyone to easily swap between the various ERC 20 assets.
Pool : Users can provide liquidity to the DEX and earn swap fees.
Farm : Users can stake their Liquidity Pool tokens to earn RON.
Liquidity pools are a pool of funds locked in a smart contract. Any users (called Liquidity Provider) can add funds into the pool to make it more liquid.
You need 2 tokens for the pool. For example, the current value of ETH is $1,500 and the value of AXS is $17, you want to put 1 ETH in ETH-AXS pool, in this situation, you also need to put 88 AXS so that it will be balance with ETH since the value of ETH is equals to 88 AXS in USD. Note: ETH and AXS need to be equal so that it will be more effective ***Price of ETH & AXS as of 25th July 2022 1 ETH = 88 AXS If you want to use provide liquidity in the SLP pool, you can just divide it. For example, you want to put in 1,000 SLP. You will put 500 SLP in the pool and then you will have to swap the other 500 SLP to ETH so that they will be equal.
- You can earn rewards depending on how much you put into the Liquidity Pool. - If you Farm your Liquidity Pool Tokens, you can receive WRON as your reward.
WRON is a token that is used to pay GAS FEES for transactions on Ronin. Users will receive free transactions for holding Axies and/or land in their Ronin wallets. However, scholars will have to store some WRON tokens in their accounts to make transactions so if you stake SLPs, you can use the WRON rewards and you will not have to buy WRON tokens. The maximum supply of WRON is 1,000,000,000. The initial circulating supply is 175,000,000.
Link how to set up the Liquidity Pool, swap tokens and how to do staking.