Major

Enhance

Ronin

Axie Infinity

<div class="intro-text">
 Ronin Network has<a href="https://blog.roninchain.com/p/the-katana-v3-upgrade-is-coming-soon" rel="noopener noreferrer nofollow"> announced</a> a substantial upgrade for its decentralized exchange (DEX), Katana.
</div>
The v3 upgrade, scheduled for late November, is designed to enhance trading efficiency and capital utilization. It will introduce concentrated liquidity pools, allowing traders and liquidity providers (LPs) to experience deeper liquidity and reduce slippage on the platform.
The upgrade will also bring in features such as customizable fees and concentrated liquidity, giving LPs more control over their profit margins and risk exposure. According to Ronin, these changes will also strengthen the network’s treasury and increase Katana’s overall capital efficiency.
A significant advantage of this upgrade is its ability to reduce reliance on RON emissions in Katana’s liquidity mining program. Following a 75% reduction in rewards earlier this year, Ronin further decreased rewards for LPs in February by 50%, with this latest phase expected to save approximately 2.7 million RON tokens per quarter. The goal is to reduce RON inflation while still maintaining sufficient liquidity.
Ronin noted that the initial reward adjustments had helped sustain liquidity while better managing token emissions. With growing trading volume and liquidity on the platform, Ronin is shifting to a more capital-efficient approach, minimizing the need for aggressive rewards to support liquidity provisioning.
In related news, Ronin recently<a href="https://defi-planet.com/2024/07/philippine-peso-pegged-stablecoin-phpc-launches-on-ronin-network/" rel="noopener noreferrer nofollow"> integrated</a> the Philippine Peso Coin (PHPC) stablecoin into its ecosystem. This integration, achieved in collaboration with local crypto exchange Coins.ph, is targeted at addressing the unique needs of the Filipino gaming community by enabling smooth currency conversions within the Ronin ecosystem, which is home to the popular play-to-earn (P2E) game Axie Infinity players. The integration would allow local players to convert their in-game rewards directly into Philippine pesos.
Notably, the Ronin team also revealed plans to list PHPC on Katana but did not give a specific timeline for the move.&nbsp;
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The post <a href="https://defi-planet.com/2024/11/ronin-network-announces-major-katana-dex-upgrade-to-enhance-trading-efficiency/" rel="noopener noreferrer nofollow">Ronin Network Announces Major Katana DEX Upgrade to Enhance Trading Efficiency</a> appeared first on <a href="https://defi-planet.com" rel="noopener noreferrer nofollow">DeFi Planet</a>.

Ronin Network Announces Major Katana DEX Upgrade to Enhance Trading Efficiency

DeFi Planet

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