The Ronin network has announced a v3 upgrade for its decentralized exchange (DEX), Katana, aimed at enhancing trading efficiency and capital use.
Features of Katana v3 Upgrade
Ronin stated that the DEX will begin supporting concentrated liquidity pools by November if everything goes according to plan. The new update is set to provide more trading depth and less slippage, enhancing the efficiency for traders and liquidity providers (LPs) using the DEX. Key features include customizable fee tiers and concentrated liquidity, enabling LPs to set more precise profit margins and risk levels. This will also support Ronin's treasury.
Reduction of Katana DEX Liquidity Rewards
On February 15, Ronin announced it would reduce its Katana Liquidity Mining Program's rewards by 75%, to be halved in two phases, with the first phase implemented in March. Ronin will further halve its rewards emission rate to introduce more capital efficiency in liquidity provision. The second phase is scheduled for November 26, aiming to save about 2.7 million RON tokens per quarter.
Chainlink Integration for Security Enhancement
As part of its ongoing efforts to enhance its ecosystem, Ronin improved its bridge's security on October 10 by integrating Chainlink's Cross-Chain Interoperability Protocol (CCIP). This integration aims to improve user experience and accelerate the adoption of Ronin.
The Katana v3 upgrade and Chainlink integration highlight Ronin's commitment to improving its services and increasing capital efficiency, which is expected to facilitate the growth of its ecosystem.
