# Project Ignition

Project Ignition is a $10 million liquidity initiative  for the Radix Network aimed at enhancing liquidity for key digital assets such as `$USDC`, `$USDT`, `$wBTC`, and `$ETH`. 

> **Core Concepts of Project Ignition:** [(full details and terms & conditions)](https://uploads-ssl.webflow.com/6053f7fca5bf627283b582c2/65c3bfd9846b7773b8dd7148_project-ignition-details.pdf)
>
> * **Liquidity Matching:** for every dollar provided as liquidity in `$USDC`, `$USDT`, `$wBTC`, and `$ETH`, an equal amount of `$XRD` is added. This effectively doubles the liquidity on offer.
> * **Trading Fees:** liquidity providers not only earn trading fees over the amount they provided but also over the matched amount. 
> * **Upfront XRD Rewards:** liquidity providers receive an immediate bonus in `$XRD` after locking the provided tokens. Depending on the chosen lock-up period, this bonus can amount to 20% of the provided liquidity.
> * **Impermanent Loss Protection:** liquidity providers are safeguarded from `$XRD` impermanent loss and are guaranteed asset value protection against outperformance of the provided asset relative to `$XRD`.

## 🔥 Ociswap's Ignition Bonus

Ociswap offers an extra **4 million** `$OCI` as bonus to liquidity providers that participate in Project Ignition through the Ociswap platform. This additional bonus will be distributed pro rata over the course of 8 weeks at a rate of 500k `$OCI` per week.

{% hint style="success" %}

* All Ignition liquidity providers are eligible for liquidity incentives from the [SPLASH](/ociswap-dex/liquidity-incentives/splash.md) campaigns. 
* Every Ignition liquidity position qualifies for the regular SPLASH liquidity incentives. 
  {% endhint %}

## How to Participate?

> 1. Download and install the [Radix Wallet](https://wallet.radixdlt.com/) and Connector extension.
> 2. Connect your Radix Wallet to [Ociswap](https://ociswap.com/) and navigate to the [Ignition landing page](https://ociswap.com/ignition).
> 3. Choose the token you wish to provide liquidity for. Available options are `$xUSDC`, `$xUSDT`, `$xwBTC`, and `$xETH`. If you don't have these tokens, scroll down for instructions.
> 4. Set the amount you wish to provide.
> 5. Set the lock-up duration. The longer the duration, the higher the claimable bonus.
> 6. Click 'Lock & Claim Reward' to receive your bonus.

{% hint style="info" %}
**How to acquire `$xUSDC`, `$xUSDT`, `$xwBTC`, and/or `$xETH?`**

* **Method I:** Swap`$XRD` for any of these tokens via [Ociswap](https://ociswap.com)
* **Method II:** Bridge them onto the Radix Network via [Instabridge](https://www.instabridge.io) (KYC required) or via [Keyrock](https://keyrock.eu/otc/) (KYC required, min. 50k USD)
  {% endhint %}


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