Ronin announces expansion into DeFi space and evolution into a consumer-grade blockchain

On March 19th, Ronin's official announcement disclosed that DeFi is making its way to Ronin. Ronin is evolving into a full-fledged consumer chain where games, consumer dApps, and DeFi come together to create a RON-centered embedded player economy. The team is collaborating with allies such as Alpha Growth to expedite the development of DeFi on Ronin through a $13 million growth plan, offering funds for incentive mechanisms and liquidity bootstrap. Ronin's expansion into DeFi will fuel ecosystem growth in the following aspects: · Attracting and retaining liquidity - More yield opportunities will draw capital into Ronin and keep it anchored in the ecosystem, ultimately elevating the total value locked (TVL) on-chain and transaction volume. · Enhancing user experience - Through DeFi, users can access new on-chain functionalities, ranging from integrating game-based yield assets to activities like liquidity staking and other sustainable yield opportunities. · Attracting new users - DeFi power users in pursuit of returns will remain for the content and discover the games and community that set Ronin apart.