Total newby to all this. I’ve had my pnode since the early days. Took forever to be able to connect it. Chugging along since then. When we were given the chance to add liquidity, Ive been doing so with all my earnings. However, I can’t seem to find where I can see my balance of my funds in the liquidity pool. How do I see my balance and earnings on those funds?
Welcome, and thanks for your contribution to the liquidity pools! I am a provider, too, and can share what I know about it.
To see your liquidity rewards, tap Home, tap Trade, then tap Invest. You should see a ticker there that continuously adds up your rewards. Every Monday, those rewards should pay out to your PDex wallet.
To see your liquidity balance, instead of tapping Invest, tap the three dots and then tap Remove Liquidity. Don’t worry: this won’t withdraw your contribution unless you finalize it. On the next screen you can tap liquity pairs to see the different pairings you’re funding (like PRV <> USDC). On each pair, just tap Max to see how much you have contributed.
Hope this helps!
Thank you! However, when I tap HOME, then TRADE, there is no INVEST option. I only see a trade window, and a list of my recent actions.
And, if I open my wallet, I see no deposits at all. Not this monday, not last monday…
Just updated my app. There it it!
But I still dont see any deposits into my wallet on Mondays.
Be sure to check your PDex wallet specifically. If you tap Wallet, then in the upper left tap the wallet name, a wallet menu will open. You can use this menu to switch to different wallets. Tap PDex and check for PRV funds.
If you don’t see any, let us know here, and an admin should be along shortly to help you.
There it is! Thank you. Like I said–total newbie here
I really appreciate your help.
You’re welcome! Some users will stake the PRV they earn to get an additional 57% APY compounded every second. It’s amazing and helps the network too.
If you’re curious how, just tap Home, Stake PRV, and then tap the big blue Stake button. You can pull funds from any wallet, including PDex.
And two more really dumb questions.
*when I check my liquidity balance, I have fewer estimated pairs than I have contributed. Why would that be?
- How is the Pdex wallet different than my main wallet. I cant seem to deposit or do anything with those funds. When I go to deposit, my PDex wallet is not in the drop down.
I’m not sure why it shows less pairs than it should, so an admin will need to help you there.
To answer the other question, though, PDex is the private exchange. That’s where you can trade between different types of crypto; you can’t do this in the other wallets, not yet. If you do exchange, be sure to always use PRV as a middleman. For ex, if you are trading XMR for BTC, first trade XMR for PRV, and then trade PRV to BTC. You’ll get better exchange rates that way, and your transaction will be private.
The reason you can’t deposit PDex funds is because they are already in the PDex wallet. The deposit feature is used to add funds to PDex, and since your funds are already there…
If you want to move your funds from PDex, you would withdraw instead. You can also choose to stake the PRV funds using the process outlined in my previous message. It’s a great way to earn and power the network.
I have been staking all my funds. And that’s where the funds in the PDex wallet are coming from–my earnings. Just realized that the staking happens FROM the PDEX wallet. You’ve been a saint! I jumped at the chance to be part of this but have absolutely NO experience or understanding of the subtleties. What I would really like to figure out is how to deposit some of my own funds in to stake them without a trace back to my US bank accounts…
You’re welcome! I should clarify something though. Staking and providing liquidity are different, and occur within different accounts (that all have their own wallets).
For providing liquidity, you can do that through PDex only. This adds funds to the trading pool, so that when people trade, there are liquid crypto assets in the pool that they can draw from. That way, when I trade PRV for XMR for example, there’s actually XMR in the pool for me to acquire. If I provide liquidity, I earn rewards, which are deposited directly into my PDex wallet. From there, I can do what I want with those rewards.
Staking, on the other hand, only takes place in the pstake account. Basically, you are adding PRV utility coin to the validator network, to help validate transactions in the PDex. You earn rewards for this too. You can start staking on the Home screen by tapping Stake PRV. When you stake, you can choose any wallet to pull funds from, including your PDex wallet (where your liquidity rewards are). Once funds are staked, they start earning 57% APY. You can always withdraw funds from stake if you want, and you can withdraw into any wallet (including the PDex wallet).
So adding liquidity and staking are two completely different things? Do they earn different rewards? What is the difference to me? I’m so confused now
No worries! Crypto is a complicated topic in general. To answer your question, staking and providing liquidity are different. Providing liquidity ensures people can trade cryptos on the platform. Oppositely, staking uses your PRV coin to support the operations of the Incognito blockchain.
Here is a little information on both and their separate rewards.
Definitely starting to understand some of the differences and subtleties. Again, thank you for taking the time to help point me in the direction of all the info. I’ve also been searching this forum and reading a lot. I currently have just a PNode, obviously. Am I currently able to fully stake my pNode if I chose to?
Hey, @Jzc thanks for the feedback. The devs already working on better and more intuitive UI. We plan to release a new version of DEX UI this month
Here is a quick instruction, how can you check your liquidity balances here How to view or remove your liquidity contribution on pDEX
Rewards. Every Monday at 16:00 UTC we distribute rewards for the past week. It should land directly on you your pDEX wallet and you get a notification when it happened.
Both these steps are a temporary solution will be improved with a new release.
I received 10 PRV mining reward this morning (around 9 uht). Is that the LP reward?
yep. Rewards are sent out on Mondays so pretty sure what you received was from liquidity.
Sharing 1800 PRV + équivalent in XMR 1 full week, supporting PRV market = 10 PRV reward? I guess no…