What is Smooth Love Potion (SLP)?

Résumé
Smooth Love Potion (SLP) is an ERC-20 gaming token used in the popular NFT game Axie Infinity. It has an unlimited supply and is a source of income for Axie Infinity players. In the Axie Infinity ecosystem, players can use SLP to breed digital pets called Axies, which can then be sold on the Marketplace to other players as NFTs. You can also trade SLP on cryptocurrency exchanges like Binance.
To earn SLP, players can complete daily quests, face other players in the Arena (PvP), or compete in Adventure Mode (PvE). There is a limited number of SLP players can earn per day, and SLP used for breeding will be destroyed once a new axie is created.

IntroductionAmid the rise of NFTs, blockchain technology has opened up a whole new world of possibilities. More and more companies are building their gaming metaverses on the blockchain, and many of them allow players to earn money while playing. One of them is Axie Infinity, which has been growing in popularity since 2018.
Axie Infinity rewards come in the form of the game's native ERC-20 token, Smooth Love Potion (SLP). As a cryptocurrency, users can buy and sell SLP tokens on crypto markets. In-game, SLP can be used to breed new Axies, which can be traded as NFTs on the Axie Infinity marketplace.


What is Axie Infinity?Axie Infinity is an NFT game that allows players to battle with each other using unique characters called Axies. You can think of an axie as a Pokémon. Each has a different class, body parts, and stats. These are non-fungible tokens (NFTs) that can be stored in an Ethereum wallet or Ronin Wallet.
The Axie Infinity ecosystem is built on the Ethereum blockchain. To play, you need to build a team of Axies. You can buy Axies on the market or borrow them from other players in a exchange program. You can also create new axies using Smooth Love Potion (SLP) tokens. SLP tokens can be earned by playing Axie Infinity, and top players are also rewarded with AXS tokens. Additionally, AXS holders can participate in the governance of the Axie Infinity ecosystem.

What is Smooth Love Potion (SLP) and how does it work?As mentioned, Smooth Love Potion (SLP) is the native cryptocurrency of the game Axie Infinity. Previously known as “Small Love Potion,” SLP is an ERC-20 gaming token with an unlimited supply. As of November 2021, the capitalization of the SLP reached US$197 million, with a circulating supply of over US$3 billion.
SLP can be earned by completing daily quests or participating in in-game encounters or adventures. After reaching a certain amount of SLP, players can begin breeding their unique Axies. The cost of breeding each Axie is different, as it depends on the number of births of pre-existing Axies (the parents). Axies can breed up to 7 times each. The higher the number of reproductions, the higher the amount of SLP needed.
SLP is an altcoin with a kill mechanism. After each reproduction of Axie, the SLP tokens used will be destroyed forever. As players can only earn a limited amount of in-game SLP per day, demand for tokens is expected to grow as players try to get a head start in farming. The price of SLP varies depending on the forces of supply and demand. It reached an all-time high at $0.41 in July 2021.
Within the Axie Infinity metaverse, SLP is much more than an in-game currency for breeding new digital pets. It is also a reward token for players when they reach new levels or win fights with their Axies. On the other hand, holders can speculate on the price of SLP and trade it on crypto exchanges like Binance. SLP is also available on Uniswap liquidity pools. SLP is part of the “play-to-earn” movement that allows players to generate income by playing Axie Infinity.

How to earn SLP on Axie Infinity?SLP can be obtained by completing daily quests, facing players in Arena matches (PvP), or fighting monsters in Adventure mode (PvE).
1. Complete daily questsAs of November 2021, the Daily Quest grants an additional 25 SLP to players who complete the Daily Check-in, complete 10 Adventure Mode levels, and win 5 Arena matches.

2. Arena Battle (PvP)Arena (PvP) is the primary source of SLP rewards in the game. Arena PvP pits players against each other based on their Rank (MMR). Each Arena match consumes energy, and each victory grants an SLP reward, based on the player's MMR. The higher your rank, the more SLP you get per win. Please note that you need an MMR above 800 to get SLP rewards.

When energy runs out, players can still play PvP to increase their MMR, but they will not get SLP rewards. You can see how much energy you have in the game's main menu at the top of the screen. The amount of energy you have depends on the number of Axies you have:
From 3 to 9 axies: 20 energies.
From 10 to 19 axies: 40 energies.
20 Axies or plus : 60 energies.

3. Fight in Adventure mode (PvE)Adventure is a single-player game mode. It consists of 36 difficulty levels and increasing SLP rewards. You can earn up to 50 SLP per day from adventures. You don't need energy to start Adventure mode, you will only need it if you want to earn experience points for your axies.
Compared to PvP, PvE requires less time and effort to harvest SLP. However, you can only receive unique SLP rewards for each adventure level. You can play the same level again to meet the daily SLP reward requirements, but you will not receive any additional SLP rewards. To earn more SLP, you can also defeat bosses at certain levels for unique SLP rewards.

How to recover Axie Infinity SLP on Ronin wallet?After earning SLP, you will be able to collect them manually every 14 days.
1. Log in to your Axie Infinity account and connect your Ronin Wallet. Click [Claim Tokens] in the menu to see how much SLP you can claim and when you can do it. Then click [Claim SLP] to transfer the tokens to your Ronin wallet.
2. Return to your Axie Infinity account dashboard and verify that your Ronin wallet is connected. Click [Claim Tokens] - [Claim SLP]. You will see the recovered SLPs in your Ronin wallet.

3. If you want to sell the SLP, you can transfer it to your MetaMask or another Ethereum wallet using the Ronin gateway. You can also send SLP directly to your Ronin Wallet Binance wallet via the RON network. This will save you money because you can avoid paying gas fees (ETH).
Note that you can also trade your SLP against other cryptocurrencies using the decentralized exchange Katana. At the time of writing, the exchange feature supports AXS, WETH, USDC, and SLP.

How to buy SLP on Binance?To get more axies, you will probably need to acquire more SLP tokens. In addition to earning money playing Axie Infinity, you can also buy SLP from crypto exchanges like Binance. You can then transfer them to your Ronin wallet via the Ronin Network (RON).
1. Log in to your Binance account, then go to [Trader]. Choose [classic] or [advanced] trading view. In this tutorial, we will select [Classic].
2. Next, type “SLP” in the search bar to see a list of SLP trading pairs available on Binance. We will use SLP/BUSD as an example.

3. In [Spot], choose the order type and enter the amount you want to buy. Click [Buy SLP] to confirm the order and you will see the purchased SLP in your Spot Wallet. From there, you can click [Withdraw] to transfer it to an external wallet.


To concludeAxie Infinity is one of the most popular DeFi projects currently. As a gaming token in a play-to-earn blockchain game, SLP provides players with a simple and interactive way to generate additional income. SLP rewards have enabled many communities in countries like the Philippines to improve their fiat income amid the COVID-19 economic crisis.