Provide liquidity to the first privacy-protecting DEX, and earn rewards for helping people trade with freedom. Accessible from the Incognito app.
Invest in privacy. Earn anonymously.
Your contribution is directly channelled towards supplying liquidity for the Incognito pDEX. And as a reward for providing privacy, you’ll earn interest on select currencies, paid in PRV.
Your investment is privacy-protected. Stay anonymous from start to finish, and help others do the same.
Select the keychain you want to use Pool with. You can find the list of your keychains in the top right corner of the screen. This will be the keychain you contribute funds from, and withdraw funds to.
Please note: If you previously used Node Pool, your funds will be in your pStake keychain. It may be more convenient for you to withdraw those funds to a keychain you use more frequently.
Here, let’s use our keychain ‘Bob’.
Tap on ‘Provide now’, then select the currency you wish to provide. You’ll see the balance you have of each currency, associated with the keychain you previously selected. Need to top up? Just tap ‘Buy crypto’ to head on over to the pDEX.
Let’s select BTC.
Here, enter the amount you wish to provide. Make sure everything’s in order, then tap ‘Confirm’.
Hurray! You’ve successfully provided liquidity and will start earning rewards.
Keep track of your rewards and balances from the main Provide screen, where you’ll see your total interest earned across all provided currencies. You can withdraw these rewards at any time. If you wish to remove liquidity, please allow up to 3 days.
Enter the amount you wish to withdraw, and tap ‘Withdraw Provision’.
Rewards will be withdrawn instantly. To withdraw your original provisions, please allow up to 3 days. Please note that provision withdrawals for each currency can only be made one at a time – please wait for your withdrawal request to be processed before making another. You may make parallel requests across currencies.
Under the hood
Provide ensures that your original provision will never change, and earnings are steady and transparent. Engineered for simplicity and to protect providers from impermanent loss, Provide is designed to support the liquidity that global privacy requires.
pDEX operates via an automated market-making mechanism, which means liquidity must be contributed to both sides of a trading pair. As such, for every amount deposited in BTC, XMR, DAI etc., the required amount in PRV is matched, and vice versa. Provide maintains the integrity of the pDEX algorithm and keeps prices as they should be.
If you have any questions, you know the drill – just post a reply to this topic. We hope you enjoy Provide.