The case to farm Ronin

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Reading https://hfaresearch.substack.com/p/the-case-to-farm-ronin

TLDR :cherry_blossom:

The article makes a case for farming the Ronin token (RON) as a way to gain index-wide exposure to the gaming sector and benefit from potential airdrops of new gaming tokens.

Key Points :dizzy:

  • Ronin is an Ethereum-linked sidechain focused on gaming, built by the Sky Mavis team behind Axie Infinity.
  • Ronin is currently the most heavily used gaming chain, with strong usage metrics across various on-chain metrics.
  • Ronin has a pipeline of new games launching on the chain, which could lead to airdrops of new tokens to RON stakers.
  • The Pixels game recently airdropped its PIXEL token to RON stakers, setting a precedent for future airdrops.
  • Staking RON could provide index-like exposure to the gaming sector and potential upside from new game token airdrops.

In-depth Summary :memo:

The article argues that Ronin, an Ethereum-linked sidechain focused on gaming, could be a way to gain index-wide exposure to the gaming sector. Ronin was built by the Sky Mavis team behind the popular game Axie Infinity, and has been able to onboard the entire Axie Infinity userbase, giving it a strong start in terms of usage.

Ronin has continued to see strong usage trends, with metrics like unique active wallets, transaction count, and daily dapp volume outpacing its major competitors, ImmutableX and Beam. This makes Ronin the most heavily used gaming chain currently. The success of non-Axie Infinity games on Ronin has also demonstrated that it can be a home for any gaming team, with a strong pipeline of new games set to launch on the chain.

The article suggests that buying and staking RON, Ronin’s native token, could provide a way to gain exposure to the gaming sector and potentially benefit from airdrops of new game tokens. The recent Pixels game airdrop of its PIXEL token to RON stakers is seen as a precedent for future airdrops, with the rumor being that there could be 11 token airdrops to RON stakers this year.

ELI5 :hugs:

The article is saying that Ronin, a blockchain made for video games, is the most popular one right now. By holding and staking the Ronin token (RON), you can get exposure to the whole gaming industry and also get free new game tokens that get airdropped to RON holders. This could be a good way to invest in the gaming sector without having to pick individual winners.

Writer’s Main Point :thought_balloon:

The main point of the article is that farming the Ronin (RON) token could be a viable way for non-gaming experts to gain index-like exposure to the gaming sector, while also benefiting from potential airdrops of new game tokens on the Ronin chain.