Ronin Network Will Reduce The RON Liquidity Reward On Katana By 50%

The Ronin Network team has provided an update revealing that blockchain platform company Sky Mavis will be reducing the total amount of rewards offered to liquidity providers (LPs) on its decentralized exchange platform Katana. In an update to the Katana Liquidity Mining program in the first quarter of 2024, the Ronin team stated that the adjustment to liquidity rewards available to the community usheres in a “new era” for RON.

The announcement cited the recent listing of the Ronin (RON) token on the Binance exchange as a factor that has increased the visibility and accessibility of the native Ronin token to millions of users around the world. Increasing the token’s depth of use for traders and investors required adjustments that Sky Mavis outlined for its DEX platform, the Ronin team wrote in a blog post.

The RON reward available to liquidity providers on Katana will be reduced by 50% in phase 1, which will take place on March 1st. The platform will also adjust the rewards in phase 2, (date to be determined) cutting it by another 50%. The phase-out will significantly reduce RON emission levels, having a long-term impact on supply and demand dynamics. Reducing the RON liquidity reward will not change Ronin’s maximum supply of RON 1 billion, but will reduce the rate at which the token’s supply increases.

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