Katana, Ronin’s native decentralized exchange (DEX), allows users to easily swap between different ERC-20 tokens. By connecting a compatible wallet, users can trade tokens like AXS, SLP, RON, and USDC directly on the Ronin network, without needing a centralized exchange. This seamless token swapping experience enables fast, permissionless, and secure trades between supported token pairs. In the future, Katana will also fully support cross-chain swaps within the app.
Token Tags
Tokens in Katana are classified into two categories: Main Tags and Seed Tags.
Main Tags are more established tokens with less volatility and bigger liquidity pools. This includes tokens like WETH, AXS, and RON.
Seed Tags are tokens that have higher volatility, lower liquidity, and/or are more experimental in nature. This usually includes newly launched tokens, such as Apeiron's ANIMA token. Seed Tag tokens are identified by a seed icon next to their names.
When swapping with Seed Tag tokens, you'll first need to confirm that you understand the volatility and risks that come with these types of token.
Swap via Katana Website
Step 1: Visit Katana Swap, then unlock and connect your Ronin wallet.
Step 2: Select the token you want to swap and the token you wish to receive. In this example, we are going to swap SLP to RON. Enter your desired token amount and click Swap.
Step 2.1: When you attempt to swap a token for the first time, you will receive a prompt to authorize the use of the token in your wallet. This authorization is not equivalent to executing the swap; rather, it enables Katana to utilize the tokens you intend to swap. In the example below: you should click on Approve SLP to proceed.
This process is often confused with the swap itself. In order to check, we recommend checking your wallet transaction using the Block Explorer. You should see a transaction like this.
Step 2.2: Click Swap again if you were asked to Approve first.
Step 3: You will see the current price and other information about the swap. Click on Confirm Swap to finalize the transaction, then confirm the transaction with your wallet.
Step 4: A popup indicating that your transaction was submitted will appear. Click "Close" or "View on Explorer" to see the details of your swap.
Step 5: The swapped tokens will now be visible in your wallet.
Swap via Ronin Wallet dApps
Available on both extension and mobile, you can easily swap your tokens within your Ronin wallet where a 0.5% convenience fee is applied for each transaction.
Extension Wallet
Step 1: Head over to your Ronin extension wallet and click on the Swap button.
Step 2: Pick a token to swap and a token to receive.
For first-time swaps, the wallet will ask you to approve the contract for the specific token to be swapped first. Proceed with approval then go back to the Swap page.
Step 3: Click on Swap. A similar image as below should show.
Step 4: Click on Confirm Swap to finalize the transaction with your Ronin wallet.
Mobile Wallet
First released on mobile, Katana now enables a one-click swap experience that streamlines the entire process. Below is how it works:
Step 1: Unlock your Ronin mobile wallet and click the Swap button.
Step 2: You'll be redirected to the Swap page.
In the upper right portion of the screen, a menu option to activate networks
is available which will be important for future cross chain swap updates.
Step 3: Select the token you wish to swap and the token you wish to receive, and input the amount.
In a future release, you will also be able to select which network you wish to receive the swapped tokens on.
Step 4: Review the details of the swap, including:
- Max Slippage -- some swaps on highly volatile markets won't easily proceed at low slippage tolerance
- Development Fee & Estimated Network Fee
- Swap Exchange Rate
- Price Impact
- Provider -- click here to see differences in swap rates based on the liquidity service providers
Step 5: Once you have reviewed and done necessary changes, click the Swap Now button below to complete the swap.
NOTE: The Swap Now button is a one-click swap feature where it will no longer prompt
your wallet to sign a transaction, rather, it will proceed with the swap right away.