Trade SLP/USD

Players earn SLP by winning battles in Axie Infinity’s Adventure (PvE) and Arena (PvP) game modes. Each win awards a fixed or variable amount of SLP depending on the mode and the player’s ranking. There are daily caps on SLP earnings to limit hyperinflation, and Sky Mavis has adjusted earning rates multiple times to manage supply. SLP is transferred to the player’s Ronin wallet after being claimed, at which point it becomes a tradeable token that can be sold on exchanges or spent within the game.

SLP’s collapse from its 2021 peak illustrates the fundamental challenge of play-to-earn economies: player earnings (supply) must be balanced against in-game spending (demand). In 2021, millions of new players joined Axie, all earning SLP daily. Breeding activity and new player demand initially absorbed this supply, but as growth slowed, daily SLP emissions far exceeded the amount being burned through breeding. Excess SLP flooded the market, driving the price down. Lower SLP prices reduced earnings for existing players, causing more to quit, further reducing breeding demand in a self-reinforcing downward cycle.

Sky Mavis has implemented several changes to address SLP’s inflationary dynamics. These include removing SLP rewards from Adventure mode (reducing emission volume), introducing new SLP sinks in Axie Origins gameplay, adjusting daily earning caps, and developing Axie Homeland, a land gameplay mode that creates new SLP consumption. The team has also worked on Axie’s overall player experience improvements, including Origin’s free-to-play starter Axies, to attract new players without requiring an upfront NFT investment that had previously been a barrier to entry.

No. SLP/USD on StoicFX is a Contract for Difference. You trade SLP’s price against the US dollar without holding any tokens. To earn SLP through Axie gameplay, use it for breeding, or hold it in a Ronin wallet, you would need actual SLP tokens on the Ronin network.