[Resolved] Swap Price Impact

The only correlation I saw, was once the earn pool dryed out, it was complicated to swap without affecting the price. And unfortunately they’re no audit, proof of reserve of the provide system. And you know better than me, than transparency brings trust.

Hello all,

The dev team is finishing up with the routing fix and they estimate it will be fixed within 24 hours. Sorry for the long delay.

We also will be updating the roadmap within the coming weeks and should be going back to regularly scheduled WPU.

1 Like

These have been explained many times but the answers/explanations are lost in the crowds :slight_smile: Let me sum up them once more:

1- Provide: Centralized (trust the team), single-sided liquidity, no impermanent loss, guaranteed earning in PRV, some (only PRV assets) go to the new vnodes, remaining ones (possibly not all of them) go to pDEX iquidity pools.

2- Earn: Decentralized, two-sided liquidity (classic Uniswap, Pancakeswap style AMM pools etc.), impermanent loss risk, earning from trading fees.

3- Buy/Sell is the orderbook feature of pDEX like orderbooks of Binance, Coinbase etc. but there is a subtle difference. You cannot buy/sell anything “instantly” via this feature. Somebody “must” fill your orders via Swap (wait for it). Yes, you are passive buyers/sellers. Your orders are pure “maker” orders. You cannot decrease/take liquidity.

4- Swap uses the pool liquidities supplied by Earn&Provide and the orderbook liquidities supplied by Buy/Sell to trade something for another thing. pDEX v3 gives the best price using those liquidities. pDEX v3 is an AMMOB which means Automated Market Maker with Orderbook. Please search pDEX v3 on the forum for details.

5 Likes

I’m just wanting to see if the routing issue has officially been fixed. I believe it has and I was able to successfully complete a few small swaps just now with no problems.

@Jared

Testing is still ongoing. We will release an app bulletin once back to full functionality.

1 Like

Hello all,

The swap issue has now been [Resolved]. Sorry for the inconvenience.

4 Likes

Has this become an issue again?

It looks like every swap has to go through the same XMR pool, regardless of what coin you’re trying to swap for…

So it seems whatever the price impact is for XMR, that is the minimum price impact you’ll experience for any other coin (plus whatever the impact is for every other coin pool you have to route through?)

And for some reason, it also seems like no matter what PRV amount, the price impact is around 6%-7%.

So currently, 100 PRV impacts 6% for swapping to XMR, USDT, and BTC… Seemingly because it goes through each of those in that order (i.e. if you want USDT, it goes PRV>XMR>USDT, if you want BTC, it goes PRV>XMR>USDT>BTC.)

500 PRV impacts all those coins around 6%-7%.
1000 PRV, the same.

Obviously this is better than 55% or 94%, but it’s still a considerable amount.

Is there still a routing issue or something else that can reduce this, or Is this just how swap is going to work now?

Hello @wisco,

What app version are you on? More > Settings > bottom of the screen.

I’m not seeing my trade routes go via XMR.

5.10.3.

I’m used to the app updating automatically within itself (not requiring Google Play autoupdate). But I notice the Google Play Store has 5.11 as the latest version, but it doesn’t give the option to update. It’s either uninstall or open.

  1. What would cause the app to not update as usual?
  2. Why would Play Store not give the option to update, even though my device and OS is compatible?

It appears there is still a routing issue. The devs are looking into it. Thank you for the report. It should be fixed within an hour or two.

Fully resolved now! :raised_hands: Please test and let me know. I tested it on my end as well.

1 Like

Seems to be better now, thank you. Can you address my questions about 5.11?

Hello @wisco,

Sorry for the delayed response to your question. I spoke to our app design team and they said they have pushed v5.11 and it has been approved by iOS review team. However, we are not ready to publish it available for rollout yet.

@Jared This appears to be an issue again…

Seems swaps are going through an XMR pool regardless of the target coin, forcing the price impact to be over 18%.

This is roughly the same in both the mobile and web app.

(Also, the Play Store still lists 5.11 as the latest version, but it does not appear to be available even on Github.)

2 Likes

Hello @Jared,

This is happening again—same/similar routing path issue.

Please open a support ticket with a screenshot showing both the trade route and also the amounts for trade.

I tested USDT > PRV and the trade was to my advantage.

Will do. I’m just noticing the issue for the exchange of PRV to other coins like the original poster mentioned. Great opportunity for someone with USDT looking to pick up some discounted PRV while supplies last!

1 Like

@Support this appears to be an issue again…

It looks like all PRV Swaps are being routed through a USDC pool causing everything to have at least a 15% price impact… It’s as high as 25% even for just 50 PRV to BTC.

Can you confirm?

1 Like

Have you heard back on this? My trades route through USDC as well which causes 20% loss.

@Support
@Jared

1 Like