Axie Infinity launches decentralized exchange Katana, allowing users to farm the sidechain token RON on Ronin.

The most profitable blockchain game, Axie Infinity, today launched its decentralized exchange Katana to cater to the high demand for token swaps among users. Katana supports trading between AXS, SLP, USDC, and WETH.

Similar to most centralized exchanges, users can also provide liquidity for AXS, SLP, USDC, and WETH on Katana and earn trading fees of 0.25% and liquidity rewards in RON.

Liquidity Mining Program

Over the next 90 days, 10% of the RON supply will be rewarded to the following liquidity providers.

• AXS/ETH – 50% of RON rewards. If you are currently staking AXS, you will need to unstake AXS to participate in this pool.
• SLP/ETH – 50% of RON rewards

November 5 Status

Updated 11/5 18:10 Status

Current total liquidity value is $5.51 billion with a trading volume of $1.82 billion in the past 24 hours.

Token liquidity for SLP is $1.43 billion, while for AXS it is $1.29 billion.

Within the liquidity pool, the SLP/WETH pair has the highest liquidity and trading volume compared to the AXS/WETH pool. SLP is a gaming reward token with relatively higher demand for liquidity.