The introduction of the RON/PIXEL liquidity pool on the Katana DEX stands out as a significant enhancement.
Alongside a remarkable growth in staking participation and a surge in interactions with the $RON / $RONIN staking contract. These milestones underscore Ronin’s commitment to fostering a robust and dynamic DeFi environment.
The RON/PIXEL Liquidity Pool on Katana DEX
The network has launched the RON/PIXEL liquidity pool on its native decentralized exchange, Katana DEX. This new liquidity pool is a game-changer for both $RON and $PIXEL holders, offering them enhanced flexibility and opportunities:
- Swap RON to PIXEL and Vice-Versa: Users can now easily exchange their $RON for $PIXEL tokens and vice versa.
- Provide Liquidity and Earn Rewards: By contributing to the liquidity pool, users can earn rewards, incentivizing participation and investment in the platform’s growth.
- Convert $BERRY to $PIXEL: For those holding $BERRY tokens, now is the time to convert them to $PIXEL.
Introducing the RON/PIXEL liquidity pool on the Katana DEX!
Moar liquidity has appeared 💧
• Swap RON to PIXEL and vice-versa
• Provide liquidity and earn rewards
• Convert your $BERRY to $PIXEL if you haven’t alreadyFull announcement 👇
📜 : https://t.co/kopSoyQwNe pic.twitter.com/AGp8jT5iSH
— Ronin (@Ronin_Network) February 19, 2024
This initiative not only increases liquidity within the Katana DEX but also enhances the utility and accessibility of the $RON and $PIXEL tokens.
Ronin’s Staking Surge
Another noteworthy development is the significant increase in staking activity on the Ronin network. Over 35,000 delegators staking 189 million $RON signals strong confidence in Ronin’s future and $RON’s value.
There are now more than 35k delegators staking over 189 million $RON.
Learn how to join them here 👇
🔗: https://t.co/PrlQJdljNY pic.twitter.com/3LHjaxbXn8
— Ronin (@Ronin_Network) February 19, 2024
This surge in staking activity demonstrates the community’s trust in Ronin’s vision and its commitment to securing the network’s operations.
Engagement with $RON / $RONIN Staking Contract
A 460% spike in addresses using the $RON/$RONIN staking contract highlights growing interest in Ronin’s offerings.
460% spike in addresses interacting with the $RON / $RONIN staking contract over the last day.
We're all getting texts from friends/family about $RON staking today.
Make sure they're informed.
HOW TO STAKE RON:
📺: https://t.co/4HwoOsVAl3
📜: https://t.co/UIILWYVqxuHow to… pic.twitter.com/7UxIXJCCz5
— Jihoz.ron 🦌 (@Jihoz_Axie) February 18, 2024
This dramatic increase signifies a growing enthusiasm among users to participate in Ronin’s staking mechanisms, further solidifying its position as a leading platform in the DeFi space.
Conclusion
Ronin’s recent announcements, from the launch of the RON/PIXEL liquidity pool on Katana DEX to the remarkable growth in staking and engagement with the staking contract, mark significant strides in its journey to redefine the DeFi landscape.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
