The Ronin network is preparing to roll out a major update for its decentralized exchange, Katana
$5.7M
, with the release of v3.
This upgrade is set to bring improvements to how users trade and provide liquidity on the platform.
With a tentative launch planned for November, Katana’s v3 upgrade will introduce concentrated liquidity pools, a feature expected to boost trading depth while minimizing slippage. This development will allow traders and liquidity providers (LPs) to operate with improved precision and reduced costs.
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One of the additions in the upgrade is the introduction of customizable fees and concentrated liquidity. By allowing LPs to tailor their fee structures and control the concentration of their liquidity, Ronin aims to provide greater control over profit margins and risk exposure.
This update will address the need for more effective capital allocation within Katana. Ronin aims to reduce its dependence on high levels of RON
$1.43
emissions in its liquidity rewards program.
Additionally, Ronin announced earlier this year its intention to scale back the rewards in its Katana Liquidity Mining Program. This reduction in rewards, according to Ronin, is part of a broader strategy to foster capital efficiency on the platform. With Katana seeing increased trading volume and liquidity, the network finds it no longer necessary to rely on incentives to attract LPs.
By adjusting the reward structure, Ronin expects to maintain a stable and efficient liquidity pool while preserving the value of its native RON token.
The network estimates that the second phase of this reward reduction will save around 2.7 million RON tokens per quarter. The success of the first phase demonstrated the potential for lowering emissions while still supporting trading activity.
In other news, Genius Group’s stock surged by 66% as the company shifted its treasury strategy to include Bitcoin
$89,693.11
. How could this change impact Genius Group? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
