Ronin Network, the blockchain dedicated to decentralized gaming and applications, has announced the launch of the third version of its DEX Katana.
The network has launched a new update to its DEX, known as Katana V3, introducing a number of significant improvements that promise to revolutionize the trading experience and liquidity provision in the Ronin ecosystem.
What are the improvements in the new version of Katana?
One of the most notable features of Katana V3 is the introduction of concentrated liquidity positions. According to the chain developers, liquidity providers (LPs) on Katana can now deploy their capital in custom price ranges, allowing for greater efficiency and better utilization of funds. For example, an LP can create a liquidity position for an ETH/USDC pair within a price range of $2.500 to $3.500. With this new feature, LPs will be able to increase their rewards while also reducing slippage and improving market depth.
In addition, the V3 version introduces new customizable rate levels. This way, LPs can set different fees for each trading pair, allowing them to adjust risk and profit margin more precisely. For example, less correlated trading pairs like PIXEL/RON may have higher fees, they explained developers, while more stable pairs like RON/WRON can have lower fees. This flexibility not only benefits LPs, but also attracts traders looking for more efficient and cost-effective trading options.
Another innovation in the new version of the DEX is the Smart Order Router, a feature that optimizes trading routes by integrating with the router’s upgraded smart contract. This system adds a layer of efficiency by distributing trading orders across multiple pools, including both Katana V2 and V3. As a result, traders will experience more efficient order execution and lower slippage fees.
On the other hand, security has also been a priority for the developers in the design and construction of V3. Ronin Network has completed a Security audit through Codearena, in which no high or medium-range risks were detected. Therefore, the developers assure that users can trust in the integrity and security of the current platform.
In short, Ronin presented Katana V3 as a significant step in the evolution of decentralized exchanges, which can offer users advanced tools and a more efficient and secure trading experience.
What is Katana?
Katana is the DEX or decentralized exchange developed by Ronin Network. Since its launch, this DEX has been a fundamental element in the Ronin ecosystem, providing users with a secure and decentralized platform for token trading and liquidity provision.
One of the most notable aspects of Katana is its focus on decentralization and efficiency. Being a DEX, Katana does not require centralized custody of funds, which reduces security risks and increases user trust. Additionally, Katana uses an automated market model (AMM) to facilitate trading, allowing users to exchange tokens seamlessly and without intermediaries.
Liquidity provision is another crucial pillar of Katana. Liquidity providers (LPs) play a vital role in the functioning of the DEX, as their capital enables traders to efficiently exchange tokens. In Katana V3, LPs have access to advanced tools that allow them to better manage their capital and earn higher rewards. These tools, which facilitate the customization of trades, are a testament to Katana’s constant evolution to meet the needs of its users.
Overall, the upgrade to Katana V3 not only improves the experience for current users, but also opens up new opportunities for the expansion and growth of the Ronin ecosystem. With increased liquidity, lower fees, and more efficient trading tools, Katana V3 is well positioned to attract new users and establish itself as one of the most advanced DEXs in the crypto market.
