What is Small Love Potion (SLP)?

Quick Facts

  • Originally named Small Love Potion, later rebranded to Smooth Love Potion
  • Native in-game token of the blockchain game Axie Infinity
  • Earned by players through battles, quests, and adventure mode
  • Primary use: breeding new Axies (NFT digital pets)
  • SLP is burned each time it is used for breeding
  • Available on Ethereum, Ronin, BNB Smart Chain, and Solana
  • Developed by Sky Mavis, the studio behind Axie Infinity

Introduction

Small Love Potion (SLP) is the core reward and utility token powering the Axie Infinity play-to-earn ecosystem. Players earn it simply by playing the game, then spend it to breed new digital creatures called Axies. This dual earn-and-burn mechanic sits at the heart of Axie Infinity's in-game economy.

History & Background

SLP launched alongside Axie Infinity as a simple in-game currency. It was originally called Small Love Potion before being rebranded to Smooth Love Potion when the token migrated to Sky Mavis's purpose-built Ronin blockchain. The renaming reflected the token's expanded role in a growing play-to-earn ecosystem that attracted millions of players globally.

How Small Love Potion Works

Players earn SLP by completing daily quests, winning Arena (PvP) battles, and progressing through Adventure (PvE) mode. There is a daily cap on how much any single player can earn, helping manage token issuance.

When two Axies are bred together, SLP is consumed and permanently burned, removing it from circulation. The breeding cost starts at 100 SLP and rises with each successive breed — reaching 2,100 SLP for a seventh and final breed. This escalating cost structure is designed to slow inflation and prevent the market from being flooded with new Axies.

Tokenomics

SLP has an unlimited issuance model — new tokens enter circulation continuously as players earn them through gameplay. The primary deflationary counterforce is the burn mechanism tied to Axie breeding. When SLP is spent to breed an Axie, those tokens are destroyed permanently. The balance between gameplay rewards and breeding demand shapes the token's long-term economic health.

Circulating supply ? 36.34 billion SLP
Total supply ? 36.34 billion SLP
Max supply ? -- SLP
Updated 4d ago

Ecosystem & Use Cases

SLP's main utility is Axie breeding. Newly bred Axies can be sold as NFTs on the Axie Infinity Marketplace, creating a real economy around digital pet ownership. Beyond breeding, SLP can be traded freely on major crypto exchanges, giving players a way to convert in-game effort into real-world value.

Team, Governance & Community

Axie Infinity and SLP are developed and maintained by Sky Mavis, a Vietnam-based blockchain gaming company. Governance of the broader Axie ecosystem is handled through the AXS token, the platform's separate governance token, while SLP focuses purely on in-game utility. The Axie community is active on Discord, Reddit, and Twitter, with a large global player base.

Advantages

  • Play-to-earn model: players generate real economic value through gameplay
  • Built-in burn mechanism: breeding permanently destroys SLP, counteracting inflation
  • Multi-chain availability: accessible on Ethereum, Ronin, BNB Smart Chain, and Solana
  • Liquid market: tradeable on major centralized and decentralized exchanges
  • Established ecosystem: one of the most recognized names in blockchain gaming

Risks & Challenges

  • Unlimited supply: continuous token minting requires sustained breeding demand to stay balanced
  • Game dependency: SLP's value is tightly linked to Axie Infinity's player activity and popularity
  • Market volatility: play-to-earn token economies can be highly sensitive to shifts in user numbers
  • Competition: the blockchain gaming space is rapidly growing with many new rivals

Long-Term Vision

SLP's future is closely tied to the evolution of Axie Infinity as a platform. Sky Mavis continues to expand the Axie universe with new game modes — including Axie Origins, Axie Classic, and Axie Homeland — each providing new ways to earn and spend SLP. As blockchain gaming matures, SLP aims to remain the foundational economic layer of one of the genre's most established franchises.

Frequently Asked Questions

SLP stands for Small Love Potion (later rebranded Smooth Love Potion). It is the primary in-game reward and utility token used within the Axie Infinity ecosystem.

Players earn SLP by completing daily quests, winning player-vs-player Arena battles, and progressing through the Adventure (PvE) mode. There is a daily limit on how much SLP a single player can earn.

SLP is primarily used to breed new Axies, the NFT digital pets at the center of Axie Infinity. Bred Axies can then be sold on the Axie Infinity Marketplace.

SLP is permanently burned when spent on breeding — it is removed from circulation entirely. This burn mechanism acts as the main deflationary force in the token's economy.

No, SLP has an unlimited issuance model. New tokens are constantly minted as players earn them through gameplay, while the burn mechanism from breeding works to offset this issuance.

SLP is available on Ethereum, the Ronin sidechain, BNB Smart Chain, and Solana. The Ronin blockchain is Sky Mavis's custom chain built specifically for the Axie Infinity game.

SLP is the in-game utility and reward token focused on breeding Axies, while AXS (Axie Infinity Shard) is the governance token. AXS holders can participate in decisions about the Axie Infinity ecosystem.

SLP was created by Sky Mavis, a Vietnam-based blockchain gaming studio. Sky Mavis is also responsible for developing and maintaining the entire Axie Infinity game and its Ronin blockchain.