Radix: Project Ignition Liftoff Confirmed

Updated Mar 14, 2024, 3:58 p.m. Published Mar 14, 2024, 3:57 p.m.

We are so back.

The sentiment in the crypto market over the past few weeks has flipped from surviving crypto winter to choosing rich and enjoying the bull market. Bitcoin reached a new all-time high for the first time since 2021, the halving is almost a month away and Ethereum is back over $4,000. Meanwhile, DOGEs, SHIBs, dogs wif hats and memecoins continue to rally. Are you not entertained?

When tokens start going up and volatility accelerates, traders often take on new strategies and move to new platforms to capture the freshly minted value in the market. Rather than seek alternative investment strategies like providing liquidity and running the risk of impermanent loss, traders will often give up their precious yield and return to classic buy/sell/hold trading.

While the possibility of getting a 10x return during a bull run may be more appealing than a consistent 10% return from liquidity pools, you shouldn’t have to choose between the potential or the inevitable. If you’re deploying capital in Radix right now, you can get both.

Radix recently launched its first liquidity campaign event, Project Ignition, bringing $10 million in liquidity incentives for LPs to claim trading fees while gaining significant protection against impermanent loss. Users providing liquidity to USDC, USDT, wBTC and ETH pools will now be able to boost liquidity on leading Radix DEXs like Ociswap, CaviarNine and DefiPlaza. Rest assured that you will receive up to 20% of the provided value instantly in XRD as a bonus in addition to having each dollar of liquidity you add matched with an equal amount of XRD.

Project Ignition also provides significant protection from impermanent loss. If an LP provides a crypto that outperforms XRD, that liquidity provider is guaranteed up to 4x protection for asset outperformance. That means Ociswap users can generate around 9% yield on your wBTC/XRD liquidity position, plus 23% in SPLASH and reclaim any impermanent loss in XRD tokens.

To participate in the liquidity campaign, you need to provide liquidity on any of Radix-partnered DEXs by bridging assets through Instabridge. Alternatively, if you’re a Radix Wallet user or already an ecosystem Radvocate, you can swap your assets via a Radix-based DEX. For more information on how to get going with Instabridge, check out these Radix Wallet setup guides.

The next few months will be pivotal not only for the crypto industry as a whole but also for the Radix ecosystem. As Degens and Wall Street traders join together to celebrate the end of crypto winter, it’s time to execute the trading strategies that you’ve mastered over the past few years. With the launch of Project Ignition, you can generate yield on liquidity pools without the risk of impermanent loss while also earning XRD and enjoying the season of up only.

Learn more about Radix’s Project Ignition, immerse yourself in the Radix ecosystem and lean into the RadFi Summer in 2024.