SLP/WETH LP staking with katana (RON DEX)

1)Providing SLP/WETH liquidity to get LP token

2)Enable katana to use SLP/WETH LP

3)Stake the SLP/WETH LP

There's a daily reward of 555,556 WRON being distribute daily for the 1week i think. Wonder why the APR isnt showing anything. Still no idea what's the price for RON yet until the release of RON/WETH pair later this week. Currently, the daily fee for SLP/WETH pair is around 308k[0.3%](Liquidity providers receive 0.25% of each trade that taps into the pool. 0.05% of each swap is sent to the Ronin treasury.).

Launch Pools Katana is launching with liquidity rewards for 2 pools:

10% of the RON supply will be rewarded to liquidity providers in these pools over the next 90 days.

AXS/ETH - 50% of RON rewards. If you’re currently staking AXS you’ll need to un-stake your AXS to participate in this pool.

SLP/ETH - 50% of RON rewards

You can stake your LP token immediately, but rewards will not be activated until later this week. This gives everyone a fair chance to participate in the launch reward program.

The WRON rewards for LP-stakers will be claimable at a later date. This will also coincide with the launch of the RON/ETH pool for swapping RON tokens.*

There are 1,000,000,000 RON tokens. The supply after 90 days of RON farming will be 100,000,000.

Posted Using LeoFinance ^Beta