cryptojournalist
Ronin network’s Katana DEX is set to roll out a v3 upgrade in November that will improve trading efficiency and adjust rewards to make better use of capital.
What’s New in the v3 Upgrade?
The v3 upgrade will bring “concentrated liquidity pools,” which allow users to focus their funds more strategically, leading to smoother trades and fewer price jumps (or “slippage”). Katana will also introduce customizable fees, so liquidity providers (LPs)* can choose their own profit targets and risk levels. These changes are designed to improve the platform’s overall efficiency and boost its treasury.
Adjusted Rewards for Better Capital Use
Ronin is planning to reduce its RON token rewards by 75% in two stages. The first cut happened in March, with the second one scheduled for November 26. By scaling back rewards, Ronin aims to keep liquidity strong while reducing token inflation, potentially saving about 2.7 million RON tokens each quarter.
Security Boost with Chainlink Integration
In addition to the DEX upgrades, Ronin recently integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP)* to improve the security of its cross-chain bridge. This enhancement is part of Ronin’s efforts to make the network more efficient and user-friendly.
*Liquidity Providers (LPs): Users who supply funds to the exchange to enable trading. *CCIP (Cross-Chain Interoperability Protocol): A system that allows communication between different blockchains, improving security and connectivity.
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