With only a week remaining before the launch of the $10M Radix Liquidity Initiative, anticipation is building among liquidity providers (LPs). Participants can look forward to up to 20% instant XRD rewards on their liquidity contributions, along with substantial protection against impermanent loss. The initiative, known as Project Ignition, is set to commence on March 14th and aims to encourage wider participation within the Radix ecosystem.
How to Prepare for The Radix Liquidity Initiative
For those eager to participate in Project Ignition, three preliminary steps have been outlined. Step One involves downloading the Radix Wallet, a necessary tool for managing assets on the Radix Network. The wallet can be downloaded from the official website. Step Two requires acquiring $XRD tokens, which can be purchased directly from the Radix Website or through integrated centralized exchanges (CEXs). Finally, Step Three entails swapping XRD for required wrapped assets like xUSDC, xUSDT, xwBTC, or xETH on one of the Radix decentralized exchanges (DEXs) - CaviarNine, Ociswap, or DefiPlaza.
To engage with decentralized applications (dApps) on the Radix Network, users must also install a simple Radix Connector browser extension alongside the mobile app wallet. Upon completion of these steps, participants will be fully equipped to provide liquidity to selected pools that will soon be announced by participating DEXs.
Upcoming Hackathon for Radvocates
In addition to the liquidity initiative, Radix is fostering community engagement through an upcoming Hackathon event. Scheduled for April 20-21, the event aims to unite 'Radvocates' at the ArtSect Gallery in London. For those unable to attend in person, an online participation option will be available. Details and updates about the Hackathon can be accessed through RadixWiki's official channels.
The series of events highlight Radix's commitment to community involvement and ecosystem growth. With these initiatives, Radix continues to build momentum as it seeks to attract developers and liquidity providers alike.