Review the Katana DEX undertaking

Katana DEX
Katana DEX

What is Katana DEX?

Katana DEX is a decentralized exchange on RoninChain.

What trouble was designed to resolve Katana DEX?

Katana was designed for:

  • Make it much easier and much less expensive to use Sky Mavis items (like Axie).
  • Reduce Sky Mavis’ dependence on other events by getting the greatest token exchange in our ecosystem
  • Increase liquidity for assets in the ecosystem. This will make it much easier for customers to trade the tokens earned by enjoying Axie Infinity

Katana permits exchanges by leveraging the sources shared by neighborhood members in liquidity pools. Katana permits everyone to come to be a liquidity supplier when depositing each assets of a trading pair into a liquidity pool

Types of assets that can be traded on the Katana DEX exchange

Smooth Love Potion (SLP): Game assets created when gamers win in-game battles. SLP is the raw materials for Axie herd and has no fixed aggregate provide.

Axie Infinity Shards (AXS): An asset that represents a portion of the Axie Infinity universe. The complete provide of AXS tokens is 270 million and will be made use of to participate in the project’s potential governance routines.

Wrapped Ethereum (WETH): is a wrapped edition of ETH on RoninChain.

USD Coin (USDC): is a stablecoin pegged to the USD.

Commissions for liquidity companies

Liquidity companies get .25% of every trade. .05% of every swap is sent to Ronin’s treasury.

Currently, only authorized pools can be designed.

Liquidity pool

Katana launches a liquidity bonus of ten% of the complete provide of $ RON for two pools:

  • AXS / ETH – 50% RON. Reward
  • SLP / ETH – 50% RON. Reward

Kanata DEX User Manual

Instructions for exchanging tokens on Katana DEX

Step one: Access the website link: https://katana.roninchain.com/#/swap

Step two: Choose “Connect Ronin Wallet“to connect the wallet

Connect Ronin Wallet

Step three: Check the box then decide on “Connect to Ronin Wallet

Select “Connect to Ronin Wallet”

Step four: Select the token pair you want to trade

Select the token pair you want to trade

Step five: Enter the sum of tokens you want to trade

Enter the sum of tokens you want to trade

Step six: Choose “To approve

Select “Approve”

Step seven: Choose “Confirm”In the Ronin Pop-up Window wallet

Select “Confirm”

Step eight: Choose “Exchange

Select “Trade

Step 9: Choose “Update price

Select “Update Price”

Step ten: Choose “Confirm exchange

Select “Confirm Exchange”

Step eleven: Choose “Confirm”In the Ronin Pop-up Window wallet

Select “Confirm”

Instructions for incorporating liquidity on Katana DEX

Step one: Access the website link: https://katana.roninchain.com/#/pool

Step two: Choose “Connect to Ronin Wallet

Select “Connect to Ronin Wallet

Step three: Check the box then decide on “Connect to Ronin Wallet

Check the box then decide on “Connect to Ronin Wallet”

Step four: Choose “Add liquidity

Select “Add liquidity”

Step five: Select the token pair you want to offer liquidity for

Select the token pair you want to offer liquidity for

Step six: Enter the variety of tokens you want to include liquidity for

Enter the variety of tokens you want to include liquidity for

Step seven: Choose “To approve

Step eight: Choose “Confirm

Step 9: Choose “Supply

Step ten: Choose “Confirm supply

Step eleven: Choose “Confirm”In the Ronin Pop-up Window wallet

Epilogue

Above is the essential information and facts and directions for employing the Katana DEX exchange. Coinlive wishes you good results and earn a whole lot from this possible industry.


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