DeFi
How Radix Gamifies Participation in DeFi with Token Trek
But none of this is truly achievable without strong ecosystem support and strategic initiatives. Earlier, Radix launched its first liquidity booster of $10 million,Project ignition, to improve the liquidity of wrapped USDC, USDT, wBTC and ETH. This initiative invited liquidity providers (LPs) to participate and match their provided liquidity with XRD (the token that powers the Radix ecosystem) on Ociswap, CaviarNine and DefiPlaza, increasing liquidity by 2x. Through this, LPs can receive up to 20% of their initial value in XRD and collect trading fees while being protected against fleeting losses.