I see on the app now there’s two options liquidity and staking Shows third party options what’s the difference?
My understanding of the two is:
Liquidity: Helps fund pDex and allow transactions to occur.
Staking: Helps stabilize the value of PRV.
They both serve their own function and help the entirety of Incognito.
That sounds correct to me.
I believe that when you stake your PRV they go to help node operators that do not have the funds to stake their node with the 1750 PRV that is required
Both answers above are correct. Let me just add couple words about how it works form economic perspective:
Staking in the pool
When you stake PRV tokens It goes to the “staking pool”
- Funds used to set up new virtual node
Staking in the pDEX
The main difference that tokens used for providing liquidity and allow users trade back and forth.
- When you stake on pDEX you have to add both tokens for the trading pair (pBTC <> PRV)
- And you earn interest on both tokens PRV (62.7%) and pBTC (5%)
Quick comparison table
|Supporting tokens||PRV||PRV, pBTC, pXMR, pUSDT, pUSDC|
|APR||37%||62.7%, 5%, 8%, 8%, 8%|
|How it works||setting up new virtual nodes||Maintain liquidity for pDEX|
|Type of earnings||Reward split from pNodes||APR interest|
|Requirements||10+ PRV||Any amount (Must be equal amount of PRV <> pToken)|
|Lock up||No lockup||No lockup|
|Reward ditribution||Real time||Every Monday|
Thank you, this was very informative!
Is one of the USDTs supposed to be USDC?
The Staking Pool requires a minimum of 10 PRV to create a staking deposit.