Becoming permissionless in February 2025, Sky Mavis’ gaming dominant blockchain Ronin is now making an active move towards being a network optimized for consumer apps and DeFi too.
As part of this strategic direction, it has launched a $13 million growth program to spearhead DeFi adoption, fund incentives, and bootstrap liquidity. One of the first projects to integrate its DeFi technology on Ronin is decentralized lending and borrowing protocol Compound.
Together Ronin and Compound are contributing $1 million worth of COMP and RON token rewards.
With this major push towards DeFi, Ronin is looking to open new financial prospects for its users. For those playing games on Ronin, earning yield on idle tokens, and borrowing and lending assets without having to sell them, will now become possible. More liquid staking opportunities for RON holders will also unlock.
“A strong DeFi ecosystem is essential to sustaining long-term growth on Ronin. With Ronin going permissionless last month, the floodgates are open for builders to launch DeFi protocols that will supercharge onchain liquidity, deepen user retention, and create a new wave of crypto power users, “ commented Sky Mavis co-founder and CEO Trung Nguyen.
“DeFi on Ronin is about more than earning yield: it unlocks a new utility network for gamers, investors, traders, and builders.”
“We’re excited to bring Compound to Ronin’s ecosystem, where millions of gamers already understand digital assets. As a gamer myself, I see the future as a place where financial tools are seamlessly connected to virtual worlds like Ronin.
“For example, when game developers start using cUSDC as a stable in-game savings option, it will instantly create a better experience for users. This integration isn’t just expanding DeFi’s reach but also creating meaningful financial tools where users already love to spend their time.” added Compound’s growth lead Bryan Colligan.
The first protocols are expected to live Q1 2025.