TL;DR
- Ronin Network’s Katana V3 upgrade enhances its DEX with deeper liquidity, reduced slippage fees, and new features for a more efficient trading experience.
- Key features include concentrated liquidity positions, customizable fees for trading pairs, and a Smart Order Router for better swap ratios and minimize slippage.
- The upgrade has undergone a comprehensive security audit, ensuring a secure and reliable platform for users.
Ronin Network has officially launched the Katana V3 upgrade, bringing significant improvements to its DEX. This upgrade introduces new features and infrastructure designed to enhance the trading experience for both liquidity providers and traders. With Katana V3, users can expect deeper liquidity and reduced slippage fees, making the platform more efficient and rewarding.
Key Features of Katana V3
Concentrated Liquidity Positions
One of the standout features of Katana V3 is the ability for liquidity providers to create concentrated liquidity positions within custom price ranges. This allows providers to focus their capital more effectively, reducing the risk of impermanent loss and increasing potential rewards. By concentrating liquidity in specific price ranges, providers can earn more for each token they contribute to the pool.
Customizable Fees
Katana V3 also introduces customizable fees for individual trading pairs. Liquidity providers can set higher fees for less-correlated pairs, which can result in higher compensation. Conversely, more stable pairs may warrant lower fees, attracting higher trading volumes. This flexibility encourages more liquidity provision in less liquid markets while offering traders lower-fee options for stable pairs.
Smart Order Router
The new Smart Order Router is another significant addition to Katana V3. This feature integrates with the updated router smart contract, serving as an aggregator that leverages a broader range of liquidity sources, including both Katana V2 and V3 pools. By optimizing paths across multiple pools, the Smart Order Router ensures better swap ratios and minimizes slippage, delivering a more efficient trading experience.
Security and Reliability
The Katana V3 upgrade has undergone a comprehensive security audit by Code4rena, with no high or medium-risk findings detected. This thorough audit ensures that the new features and infrastructure are secure and reliable, providing users with confidence in the platform’s safety.
How to Get Started
To start using Katana V3, users can follow these steps:
- Go to Ronin’s Swap App and connect your Ronin Wallet.
- Select “Liquidity Pool” and click “Create new pool.”
- Choose “Position V3” and select the tokens you want to pool.
- Set the fee tier, start price, and price range for your liquidity pool.
- Enter the amount of tokens to contribute and confirm the pool creation.
The Katana V3 upgrade marks a significant milestone for Ronin Network, enhancing the DEX’s efficiency and user experience. With deeper liquidity, customizable fees, and advanced trading options, Katana V3 is set to provide a more rewarding and seamless experience for all users.
