Project Ignition Update: Getting Wrapped Assets on Radix | The Radix Blog | Radix DLT

Project Ignition, the first liquidity campaign on the Radix network, will go live on March 14th, 2024. This campaign is a $10m liquidity initiative designed to enhance liquidity for USDC, USDT, wBTC, and ETH. During this campaign, LPs receive up to 20% of the provided value upfront in XRD, claim trading fees and the incentives from the DEXs, all while receiving 100% protection from impermanent loss.

In order to participate in the Project Ignition campaign and be able to claim up to 20% bonus tokens, users need to provide liquidity at least for one of the above-mentioned assets. These assets either have to be bridged into the Radix ecosystem to receive wrapped assets xUSDC, xUSDT, xwBTC, and xETH via Instabridge or can be directly purchased on one of the participating Radix DEX’s Ociswap, CaviarNine, and DefiPlaza. 

Additional information can be found here in the initial announcement.

Keyrock OTC now supports institutional onboarding for the Radix ecosystem

Until today, the only way to bridge these assets was via Instabridge.io, which provides a self-service option from $1 to $1m+. 

Radix is pleased to welcome  Keyrock’s OTC Desk into its ecosystem. Keyrock’s OTC Desk now supports direct OTC (Over-the-counter) purchases and sales of xETH, xwBTC, xUSDT, xUSDC, and Radix (XRD) tokens, for institutions. This service is available via the Keyrock OTC desks for one-time purchases in excess of $100k or multiple purchases of $50k or more.

Keyrock’s OTC Desk is designed to ensure that any asset sale or purchase is executed at the most competitive price. The market maker has built an industry-leading technology platform to connect to liquidity from centralized and decentralized exchanges to offer the best possible pricing for any trade.

To find out more about their diverse offerings and onboarding, check Keyrock’s OTC Desk service page here or get in touch at [email protected].