No, pDEX will not have any changes. Users still need to deposit/withdraw in pDEX screen.
pDEX screen will be changed to new flow after buying PRV work properly.
No, pDEX will not have any changes. Users still need to deposit/withdraw in pDEX screen.
pDEX screen will be changed to new flow after buying PRV work properly.
I read it as a general “no need to deposit/withdraw”, but it only relates to buying PRV. Got it, thanks.
Hopefully by the end of this month we will close the liquidity question and will focus more on product and user growth.
REPORT 13 April - 17 Apr 2020
Finish:
In progress:
We got quite good results for the first week of the campaign;
+$65k in total for pBTC & pXMR pools
+$690k in total for USDT & USDC pairs
Please find details below.
The same time we faced problems for attracting liquidity from monero & communities and collected several request for improvements.
All feedback are added to the backlog and team work on improvements.
liquidity pool PRV /pBTC (~$50k)
Apr 10 | Apr 17 | Difference | |
PRV: | 88,091 | 143,094 | + 55,003 |
BTC: | 6 | 10 | + 4 |
liquidity pool PRV /pXMR (~$15k)
Apr 10 | Apr 17 | Difference | |
PRV: | 31 | 17,492 | + 17,461 |
XMR: | 1 | 146 | + 145 |
liquidity pool PRV /pUSDT (~$360k)
Apr 10 | Apr 17 | Difference | |
PRV: | 148,292 | 551,252 | + 402,960 |
USDT: | 65,249 | 252,159 | + 186,910 |
liquidity pool PRV /pUSDC (~$330k)
Apr 10 | Apr 17 | Difference | |
PRV: | 90,684 | 459,980 | + 369,296 |
USDC: | 40,866 | 214,441 | + 173,575 |
Those are fantastic results, and interesting feedback from those communities.
I have a question: Is the increase in liquidity for those pairs shrinking the pools for other pairs, and if so, is that fine? Are people just moving their prv one pair to a different one, or is it mostly new?
yep, for BTC & XMR I assume that funds moved from BTC <> XMR pair to BTC <> PRV & XMR <> PRV.
I think it’s totally ok, coz it make more liquidity focused on just 2-4 pairs which allows higher trading supply.
Cool! Thanks for explaining.
Cool proposal!
hey @andrey and @tien, - thanks for the update. the initial numbers look good, and you guys are doing a great job at handling user support too. i’m looking forward to the first reward payout tonight!
just wanted to follow up on this:
is there a plan for this week to address these points? adding a little ‘warning’ notification for low liquidity pools would definitely help decrease incidences where users get markedly different prices from what they expect.
notice you sent an email out requesting for feedback late last week. did you receive any interesting insights?
given that there are now loads of different ‘staking’ options, i was also wondering whether it could be potentially confusing that pDEX contributions are also called pDEX staking. any ideas?
Also got several feedback from BTC users in terms earning interest on their BTC
So this week we plan to add pop up notification if the liquidity pool is empty and if it could affect users trade
Hey guys I’ve prepared for you updates for the past week activity .
for the past week were added in liquidity pools $700k+. Major input was with the pairs pUSDT <> PRV, pUSDC <> PRV.
Also we got some interest from ETH holders and decided to add pETH <> PRV pair to this program. Find all details below.
Apr 10 | Apr 17 | Apr 24 | Difference in USD | |
---|---|---|---|---|
pBTC <> PRV pair | ||||
PRV: | 88,091 | 143,094 | 146,808 | $2,005.56 |
pBTC: | 6 | 10 | 11 | $5,250.00 |
pXMR <> PRV pair | ||||
PRV: | 31 | 17,492 | 17,577 | $45.90 |
pXMR: | 1 | 146 | 151 | $305.00 |
pUSDT <> PRV pair | ||||
PRV: | 148,292 | 551,252 | 846,066 | $159,199.56 |
pUSDT: | 65,249 | 252,159 | 465,576 | $213,417.00 |
pUSDC <> PRV pair | ||||
PRV: | 90,684 | 459,980 | 759,006 | $161,474.04 |
pUSDC: | 40,866 | 214,441 | 410,977 | $196,536.00 |
pETH <> PRV pair | ||||
PRV | 115 | 7,030 | $3,734.10 | |
pETH | 0.41 | 21 | $3,826.60 | |
Total | +$745,793.76 |
I was talking with many of our community members and tried to identify why they prefer to add liquidity or do not add liquidity to the pools. I found that user prefer to use trust-less bridge which is implemented to to ethereum.
For the last week of the month, I’ll focus on ETH holders especially for them who participated in uniswap, will try to convince them to try out our liquidity pools.
Awesome news, also worth mentioning the recent liquidity boom led to an outstanding rally on the PRV market
Great! fantastic result. i’ll be glad to know what activities did it take to get this result? Do you have any plan to update the UI for the “add liquidity” feature on the mobile app? It will be better for users to know all benefits they will have when they use this feature, especially the interest.
@andrey focusing on the PRV-ETH pair makes sense, especially one of our key initiatives in the coming months are pEthereum.
@ning @binh it would be good to see an update on the product side too. i concur with @zon, add liquidity screen in the app is really hard to understand. it would be best if wen can explain the benefits of adding liquidity right there in the app.
thanks @andrey for update growth,
I’m here to update about product side :
doing:
Hey everyone!
By the end of this month, I’ll publish the only one slide and let’s consider that this proposal is done
i missed this one on the DeFi telegram group?
Should I share this ?