Ronin Price Pops After Ethereum Gaming Network Reveals RON Rewards Halving - Decrypt
Powered by @unfolded- Ronin, an Ethereum sidechain for blockchain games, is reducing RON token rewards paid to liquidity providers on its Katana decentralized exchange.
- The reduction is being done in multiple phases, with the first phase cutting emissions by over 60,000 RON per day or around 5.4 million RON per quarter.
- The reduction aims to address the over-incentivization of liquidity providers and create a better equilibrium for token prices.
- The market reacted positively to the news, with the price of RON increasing shortly after the announcement.
https://decrypt.co/217730/ronin-ethereum-gaming-network-ron-rewards-halving