Radix Ignition
NO MORE Ignition 😁 - Program discontinued by Radix
We deeply thank everyone who participated and contributed to the success of this initiative. Your support has been the heartbeat of this program.
💬 Without community, we stand alone. Together, we create something greater than ourselves.
Radix Ignition - Closed
Boost Radix's TVL in wrapped assets
Receive an upfront bonus (up to 20%)
Earn trading fees
Benefit from impermanent loss protection
Eligible for CAVIAR airdrops
Summary of Radix Ignition
Overview
Radix Ignition is a pioneering liquidity incentive initiative valued at over $10 million, crafted to significantly enhance liquidity for important cryptocurrencies such as USDC, USDT, wBTC and ETH within the Radix Network.
This incentive program promises to match the liquidity provided by participants with an equivalent amount of XRD tokens, thereby doubling the available liquidity. Contributors are also rewarded with up to 20% of their investment in XRD as an upfront bonus, in addition to earning trading fees and receiving comprehensive protection against impermanent loss.
Commencing on March 14, 2024, Radix Ignition will be integrated with prominent Radix decentralised exchanges (DEXs), including CaviarNine, establishing a straightforward and efficient pathway for users to partake in the initiative through designated liquidity pools. More details can be found here
Participation Process
Participation is simple:
Connect your Radix Wallet
Select one of xUSDC, xUSDT, xWBTC or xETH from the dropdown. Don't have any? See below.
Type in the amount you want to add
Choose your Lock Up time in months
See your XRD reward (you get this straight away)
Press the Ignite button and confirm on your Radix Wallet
Wrapped Tokens on Radix: xUSDC, xUSDT, xWBTC and xETH
To participate in the Radix Ignition program you need to add one of the 4 wrapped tokens xUSDC, xUSDT, xWBTC or xETH. If you don't have any of these tokens and you want to participate you have the following options:
Bridge the tokens from Ethereum using Instabridge which requires KYC
Bridge the tokens using Keyrock's OTC desk (50k USD or more)
Buy* the tokens on a Radix DEX that already has liquidity bridged by others. Buy now...
*Please note that buying the wrapped tokens on a Radix DEX does help the Ignition program as it potentially encourages arbitragers to bridge tokens to take advantage of price disparity.
Lock Up time
For Ignition, Radix has 4 lock up time choices:
CAVIAR Airdrop
Participating in the Ignition program automatically enrols you in the CAVIAR airdrop program.
Ignition pool active liquidity providers share 500,000 CAVIAR per week per pool.
You can see your potential CAVIAR rewards on the reward board.
Find out more about the CAVIAR Airdrop program.
FAQ
Extra Resources and Links
Ignition Radix Program blog: https://www.radixdlt.com/blog/project-ignition-10m-liquidity-incentive-program-for-wrapped-assets-on-radix Bridging with Keyrock OTC: https://www.radixdlt.com/blog/project-ignition-update-getting-wrapped-assets-on-radix KYC platform with Instapass (for Instabridge only) : https://www.instapass.io/ Bridging with Instabridge: https://www.instabridge.io/ Official Radix Ignition Docs: https://uploads-ssl.webflow.com/6053f7fca5bf627283b582c2/65c3bfd9846b7773b8dd7148_project-ignition-details.pdf
Article on the Block Chain Reporter https://blockchainreporter.net/radix-network-unveils-project-ignition-a-10-million-liquidity-incentive-program/
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