What’s a privacy problem I am trying to solve?
Incognito’s pDEX is the first decentralized and confidential exchange in the world. But, it does not have enough liquidity to support increased trading demand (got several request from users who can’t trade because of small liquidity pools)
pDEX is young and current liquidity pools are not comparable with top DEXes based on ethereum chain. For example
|Locked (liquidity pools)|
Why it’s importnat:
Liquidity allows users to trade with higher volumes and minimal slippage.
What is the solution ?
I am going to focus on growing liquidity pools on pDEX by:
- Incentivizing new liquidity providers. Here’s the idea.
- Working with privacy focused user groups
- Working with crypto holders called whales
It will be direct conversation with potential liquidity providers.
Who are we?
Andrey is here ! I’m an Incognito Rebel, a member of the core team, and I’m working on making the financial world a little bit more private and decentralized.
You can track my past activities on growing awareness around Incognito.
@tien - full stack engineer (past works he was involved (https://incognito.org/t/add-notifications-to-the-wallet-for-incoming-transactions/554, https://incognito.org/t/incognito-mode-for-smart-contracts-and-dapps/330, https://incognito.org/t/quality-control-strategy-to-minimize-oversight/597/3)
@dungdang - blockchain engineer (https://incognito.org/t/continue-integrating-other-blockchains-via-trusted-bridges/671)
What’s your schedule & KPI?
Current liquidity pools on pDEX is around $300k.
My goal is to increase liquidity pools at least on $100k and hit $400k in liquidity pools ( April 30).
|Date||activity to run||size of added in liquidity|
|Week 1||Prepare & launch pDEX incentives program|
|Week 2||work with existed miners, PRV holders to add liquidity||+$20k|
|Week 3||approach crypto lending/borrowing companies||+$30k|
|Week 4||approach crypto whales||+$50k|
What’s your budget?
|Implementer||2,000 PRV||1||2,000 PRV||result-based bonus|
|Fullstack Engineer||1,000 PRV||1||1,000 PRV||performance-based|
|Blockchain Engineer||1,000 PRV||1||1,000 PRV||performance-based|
Total monthly expected bonuses: 4000 PRV
Feel free to comment if you have a feedback or any ideas how to make this proposal better.
All the best,