Axie infinity has launched a decentralised exchange – Katana – on the Ronin blockchain to help users trade assets and remain within the expansive ‘Axieverse’.
Upon its launch, users can now trade between AXS, SLP, USDC, and WETH alongside the opportunity to deposit these assets and earn yields via liquidity pools.
Today, we take one step closer to a more prosperous future for our nation ✨
Katana, the Ronin Dex, is live!
You can now deposit liquidity and swap tokens. RON rewards will be activated for the AXS/ETH & SLP/ETH pools later this week.
— Axie Infinity🦇🔊 (@AxieInfinity) November 4, 2021
With the introduction of Katana, users can now swap and trade assets without having to leave the ecosystem and allow users to exchange tokens with greater ease and fewer costs.
Axie also noted that Katana will reduce its “reliance on other parties” as it will attract greater liquidity to the platform due to incentives provided by liquidity pools and a far easier experience for users.
The game uses two tokens, AXS and SLP, to reward users:
– Axie Infinity Shards (AXS) is the governance token for the Axie Infinity game and can be used by token holders to shape and vote for the direction of the game universe.
– Smooth Love Potion (SLP) can be earned as rewards by players through battle or adventure mode and can be used to breed new digital pets, known as ‘Axies’.
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.