Introducing 2023 Katana Liquidity Mining Program!
New year, new emissions
Starting in Q1 2023 we’ll be introducing a new structure for the Katana Liquidity Mining program!
RON emissions from current 2022 Liquidity Mining program will decrease by 50%
New incentives for particular token pairs on Katana DEX
These changes will begin to take effect on January 1st, 2023
The Katana DEX
Katana is Ronin’s native decentralized exchange. It allows anyone to trade tokens like AXS, SLP, RON, USDC, and WETH from their Ronin wallet anytime, anywhere. This enables players of games like Axie Infinity to buy and sell in-game currencies.
Sky Mavis and our active community make all of this possible by providing liquidity in pools of token pairs on Katana.
In 2022, we embarked on a mission to bootstrap our native token: RON by getting it into the hands of our community. We’ve accomplished this by allowing liquidity providers in certain key pools the ability to earn RON tokens.
As we enter the new year, we’re introducing dynamic changes to this program.
Introducing New Changes Starting January 1, 2023
The RON token plays a critical role in Ronin’s transaction fees and security. We’re reducing its overall emissions from the current rate of the 2022 Liquidity Mining Program by 50%. This, in turn, will reduce RON’s inflation rate while ensuring RON has sufficient liquidity on the Ronin chain.
We’re also excited to share new incentives for liquidity providers coming in early Q1 as we transition to new RON liquidity pools. We’ve chosen to introduce these incentives rather than halt emissions on December 31st as we believe this is the most efficient path towards ensuring Katana has ample liquidity for our community to make trades.
This first iteration of the program implementation will run from January 1st to March 31st, at which point we’ll perform a quarterly review of the program. Rewards will start at this block: https://explorer.roninchain.com/block/20301102.
The budget for the new Katana Liquid Mining Program is ~11M RON, or about 1.1% of the total supply.
Final Thoughts
This past year has battle-tested Ronin, and we’ve come out more resilient than ever. When we launched Ronin in 2021, we understood the groundbreaking nature of digital ownership and its power to revolutionize gaming. We’re excited to continue this quest in 2023.
Thank you to our stalwart community for your thoughtful commitment to our vision. We wish you a happy new year, and we’ll see you in our liquidity pools!