Sky Mavis is launching Katana, a native dex for his Ronin-Sidechain-

Sky Mavis, the company behind the development of Axie Infinity, launched Katana, the first decentralized stock exchange for Ronin, its tailor-made Ethereum-Sidechain. Katana will contain all tokens used in the products of Sky Mavis, including SLP and AXs, the native tokens of the Axie Infinity ecosystem. With this new product, users can earn rewards for the provision of liquidity.

Katana Dex by Axie Infinity launched

Sky Mavis, The Developer of axie infinity , a groundbreaking blockchain game based on play-to-earn, has Started katana, a new decentralized exchange on ronin. ronin is the tailor-made Ethereum-SiDechain by Sky Mavis to satisfy the needs of users about the high fees complained that they had to pay for transactions on Ethereum Layer 1 (L1). With Katana, Sky Mavis makes it easier to manage Axie Infinity and offers users an alternative way to achieve earnings.

As with most decentralized stock exchanges, Katana will have liquidity pools to facilitate other users to exchange their tokens on the same Ronin-Sidechain. One of the most interesting suggestions of the exchange is the introduction of usdc Token, which makes it easier for players from Axie to park their income in stable coins to avoid volatility.

Sky Mavis introduces Ron token, prices react

Katana also brings changes to Ronin's economy. So far, Ronin transactions have been free and every user had a contingent of 100 free transactions per day. In the future, however, the native token of the Ronin-Sidechain, Ron, will be needed as a gas to pay transactions. Ron is also offered as a reward for the discharge of liquidity in Katana, which is the main incentive behind it. Sky Mavis announced that they would soon offer more information about Ron specifics.

The first liquidity pools available in katana are AXS/ eth and Slp/ ETH , each distributed half of the rewards offered.

The introduction of the decentralized stock exchange Katana has driven the price of AXS and SLP, the two tokens of the Axie ecosystem. AXS on November 3, floated around the 140 $ brand, while the token reached a price high of almost $ 160 on November 4 (edt). SLP, the "wage" token of the players of the Axie platform, energetically, from $ 0.11, which is almost in one day doubled.

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