(Answered) Btc price in the app is wrong?

[Deke]

How is the bitcoin price adjusted in the app? At the moment it shows 30336.16 USD when according to bitfinex or binance the price is around 27000 USD. This mismatch reaches swap as well

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[Jared]

Hello @Deke,

The Incognito pDEX influences prices. Please read this post to learn more about the Incognito pDEX and price fluctuations.

Introducing the new pDEX (pDEX v3)

Let’s start the topic with problems of the current pDEX and its sibling - Provide. With the current pDEX: No trading fees are collected, the pDEX cannot operate itself, and the core team has to subsidize the high APY(s) to incentivize people to provide liquidity for pDEX. The current Automated market makers curve is inefficient resulting in high slippage (or requires huge liquidity to reduce the slippage) It doesn’t allow placing a limit order but instead, it requires users to observe …