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.

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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

CaviarNine x Radix Ignition widget

Participation Process

Participation is simple:

1. Visit https://www.caviarnine.com/ignition
2. Connect your Radix Wallet
3. Select one of xUSDC, xUSDT, xWBTC or xETH from the dropdown. Don't have any? See below.

4. Type in the amount you want to add

5. Choose your Lock Up time in months
6. See your XRD reward (you get this straight away)

7. 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

What are the official tokens for the Ignition program:

xwBTC: https://www.caviarnine.com/tokens/resource_rdx1t580qxc7upat7lww4l2c4jckacafjeudxj5wpjrrct0p3e82sq4y75 xUSDC: https://www.caviarnine.com/tokens/resource_rdx1t4upr78guuapv5ept7d7ptekk9mqhy605zgms33mcszen8l9fac8vf xETH: https://www.caviarnine.com/tokens/resource_rdx1th88qcj5syl9ghka2g9l7tw497vy5x6zaatyvgfkwcfe8n9jt2npww xUSDT: https://www.caviarnine.com/tokens/resource_rdx1thrvr3xfs2tarm2dl9emvs26vjqxu6mqvfgvqjne940jv0lnrrg7rw

Do I have to do KYC?

No! KYC is only needed for using the Instabridge Service

Can I pick my liquidity concentration shape / range?

Nope! The Radix Ignition smart contract adapter does all the shape and range for your tokens so you don't have to, making the risk similar to uniswap v2 style pools.

Can I exit the program early?

No your tokens will be locked for the time period that you choose

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/