A significant incentive for liquidity providers on the Ronin-based decentralized exchange (DEX), Katana, is being introduced by Yield Guild Games (YGG). In an effort to improve liquidity and community involvement, the scheme will begin distributing 3.6 million YGG tokens over 180 days on February 12, 2025.
On Katana, contributors to the YGG-RON liquidity pool will be rewarded every day. Every day, 20,000 YGG tokens will be distributed, with the distribution determined by the pool share of each provider.
Users must link their Ronin wallet to Katana DEX and deposit equal amounts of YGG and RON tokens to provide liquidity in order to participate. To begin receiving benefits, individuals must then stake their liquidity provider (LP) tokens.
This program increases the usefulness of the YGG ecosystem while promoting sustained involvement. YGG wants to build a more robust and engaged community on the Ronin network by offering incentives to liquidity providers.