Important points
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Rewards for the new RON liquidity pools start from this value today block
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Issuance premiums from WETH pairs are switched to new RON pairs:
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To deposit into the new pools, visit the Katana Dex
We’re excited to announce that rewards for the new RON Liquidity Pools are going live on Katana DEX Today! The issuance premiums of WETH pairs are switched to new RON pairs. This is an important step in preparing for RON staking as it will make RON more fluid and accessible.
A liquidity pool is a specific pair of tokens locked in a smart contract that acts as a market maker. It gives traders the opportunity to exchange the tokens in the pool. For example, RON and WETH form a liquidity pool on Katana. Traders can use this liquidity pool to exchange RON for WETH and vice versa. This eliminates the need to match buyers with sellers and ensures a 24/7 market for specific token pairs. Also, liquidity providers earn rewards from trading fees within their liquidity pools.
If you want to learn more about Ronin’s liquidity pools, read our documentation here.
Deposit Liquidity into a RON liquidity pool to get LP tokens.
Mission these LP tokens and receive RON rewards.
If you want a more detailed guide, read the support article below.
If you use your LP tokens in Step 2, you will receive RON rewards in proportion to your contribution to the original pool.
Here are the new RON pools and their emission rewards.
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RON/WETH Liquidity Pool Emission Rewards are ~RON 60,422 per day
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The RON/AXS liquidity pool issuance rewards are ~RON/RON 24,169 per day
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RON/SLP Liquidity Pool issuance rewards are ~RON 12,084 per day
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RON/USDC liquidity pool issuance rewards are ~RON 24,169 per day
Please note that issuance rewards from WETH/AXS and WETH/SLP pools have ended, but the pools themselves remain open. We updated the UI to prevent further deposits into the farms for the old liquidity pools. For liquidity providers that have been in these liquidity pools, please step back and consider transitioning to the RON pools. Additionally, within a week, Katana’s analytics dashboard will reflect the correct liquidity positions from the new RON pools. Finally, we expect the Katana price drop to be high for a few hours after the rewards go live.
The opening of these new liquidity pools is a major step towards Ronin’s groundbreaking migration to DPoS. These new pools will also make it easier to acquire and deploy RON. We’re proud of Ronin’s journey so far and excited to see where the journey is headed. This is the beginning of an exciting new age for Ronin.
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