Radix — a layer-1 network that offers innovative upgrades to user and developer experiences in Web3 and DeFi — believes so. After a successful start to 2024, highlighted by a thriving ecosystem and growing TVL levels, Radix is gearing up for the next stage of its mass user onboarding strategy.
Radix—a layer-1 network that offers innovative upgrades to user and developer experiences in Web3 and DeFi—believes so. After a successful start to 2024, highlighted by a thriving ecosystem and growing TVL levels, Radix is gearing up for the next stage of its mass user onboarding strategy.The world of decentralized finance has seen its share of ups and downs.
In March 2024, its Total Value Locked skyrocketed from $30M to $53M in just 28 days, representing a 76% increase. This growth showcases the rising interest and confidence in Radix offerings as users eagerly adopt their platform for various DeFi primitives. This includes yield farming, staking and more.
The benefits don’t stop there. Project Ignition also provides a 4x protection for asset outperformance. This means that LPs are protected if the crypto they provide outperforms XRD. For example, users can generate around 9% yield on their wBTC/XRD liquidity position plus 23% in SPLASH and reclaim any impermanent loss in XRD tokens.
Token Trek allows for projects to allocate their marketing budgets effectively. By rewarding dedicated community members, projects stand a chance to benefit from a loyal and engaged user base. Projects can thus effectively optimize their marketing spend. This symbiotic relationship can potentially create a virtuous cycle of growth and value creation within communities.
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