$3 Million Up for Grabs: Participate in Ronin's Most Anticipated DeFi Event

Ronin has launched the DeFi Rewards Blitz, a campaign focused on encouraging participation in decentralized finance within its ecosystem. Users can access a $3 million token reward pool by interacting with various DeFi protocols and platforms integrated into the network.

Dashboard for tracking and claiming rewards

To simplify the process, the Ronin DeFi Rewards Blitz Dashboard has been launched, a centralized tool where participants can check and claim their rewards.

This platform, developed in collaboration with Merkl, allows users to explore available opportunities and view key data such as yield rates.

Getting started

To participate in DeFi opportunities with boosted rewards, follow these steps:

• Connect your Ronin Wallet from the Dashboard.
• Go to the “Opportunities” section.
• Select an available opportunity.
• Follow the instructions, which may redirect you to external applications.

Reward mechanism

Rewards are calculated every 8 hours. They depend on the type of activity and the size of your position. Rewards can only be claimed through the official Dashboard, although liquidity can be provided directly on the dApps of supported protocols.

Opportunities in Katana v3

The event includes boosted rewards in Katana v3 liquidity pools, involving the tokens WRON, WETH, USDC, and LRON. Annual yield rates may match or surpass those from previous versions (v2), especially when positions are close to market prices. To participate with WRON, users must convert RON to WRON on Katana DEX with no fees. Reward distribution may vary per token, so reviewing each campaign’s specific rules is recommended.

Integration with Merkl

Merkl acts as a bridge between DeFi protocols and liquidity providers. Its integration with Katana v3 aims to increase capital efficiency and strengthen Ronin’s overall network liquidity.

• Key concepts: APY, APR, and TVL APY (annual percentage yield): represents the estimated return a position can generate in one year.

APR (annual percentage rate): indicates the yearly cost of a loan or return rate without compounding.

TVL (total value locked): expresses the total dollar value of assets deposited into a protocol or pool.

These values are estimates and may frequently fluctuate based on market behavior.
The launch of the DeFi Rewards Blitz marks a new step in Ronin's transition toward an ecosystem that goes beyond its gaming-only focus. This event seeks to promote active participation in decentralized finance, with the RON token at the center of activity.