[Finished] Supply liquidity for Incognito DEX. Provide privacy for the world.

Can I withdraw liquidity partially? Could you break down how to do that?

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Hey Nick!
Yep, the steps exactly the same additionally to this How to view or remove your liquidity contribution on pDEX

  • you choose how much you want to withdraw
  • click remove liquidity button
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Hey guys!
We have awesome news for the liquidity pools for PRV/USDT/C pairs.

For the past week to the liquidity pools against PRV was added ~ 250,000 USD equivalent :muscle: :muscle: :muscle:

122,000 USDT (Link)

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128,000 USDC (Link)

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@andrey :wave:t6:
Liquidity pETH <> PRV pair it requires your attention!
20200415_210025

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Hey guys, after all trouble shootings with pETH <> PRV pair, I think make sense to add this pair to adding liquidity program.

What do you think about it, should we do it ?

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@everyone be aware about changes in your separate PRV/BTC liquidity balances

I’ve been checking my liquidity balance and was confused about the amount of PRV I had at the moment of the check. The number of PRV was less than I added to liquidity. I started to investigate how it could be that I lost about $20 of PRV and realised that the PRV balance decreased but BTC balance increased at the same $ equivalent in my liquidity pair.

Currently, I have the situation when the amount of BTC is higher than a PRV one in my liquidity pair

Q: @andrey does it mean I withdraw more BTC than added to liquidity (and less PRV than added)?

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I would believe this is due to trade activity likely more prv purchases with bitcoin. Thus the pool has more bitcoin then prv from the time you added your liquidity. Any withdraw made would reflect that as well.

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I guess your answer makes sense.

just wanted to notify others not to be confused about the same queries.

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Since it’s not mining, I strongly recommend that you do not call it mining, except when speaking Chinese, because then you’d call it mining.

In English, this is certainly not mining.

Otherwise “pdex mining” is some kind of staking or reward.

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Hey guys @Jacob @nickvasilich @ChrisMac

During the first week of this campaign I collected many feedbacks how to improve it this program.

Already working on

  1. Updating description & campaign name
  2. Adding more explanation and documentation (which fully covers @nickvasilich question)
  3. Updating the program conditions, which should make it more interesting
  4. And Improving UI

The first three points will be updated within this week. The forth one will take couple weeks.

Thank you guys for your inputs, and feel free to share more if you have, I note all of them and considering when we prioritize the most important features.

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i think this campaign covers all the basics of mining and it could be named “pDEX liquidity mining” so far - imho

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I don’t see any proof of work, so I don’t think it’s mining.

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HELLO @andrey
My question is, do you really need investors?
Is it really profitable for you?

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Hey @bedik, not fully get your questions.

We need liquidity providers, not Investors. This campaign is made for attracting liquidity to main pools and improve trading experience.

Not sure if we can call it investment. Please correct me if I am wrong.

What to you mean by it , the pDEX ?

the pDEX is open-sourced, decentralized exchange. We build this, but we are not own it. From the perspective of ownership, I think the liquidity provider - the only people which could generate profit from it.

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Hey @andrey, did we receive the reward yesterday? I’m asking since I deposited low amount of PRV&BTC so that I couldn’t notice the small reward :slight_smile: Besides, I didn’t get any receiving tx notification via the app.

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Yep, reward was distributed yesterday.

Could you please DM with details TX of adding liquidity, I’ll check the reward dashboard.

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Hey @andrey, do you think about rewarding also PRV <> pBNB (in Binance Chain, since its withdrawal fee is much less) pair? CZ always promotes BNB-related campaigns in his Twitter account. He previously promoted Aave campaign, now Kava.

P.S.: There are two pBNBs (one for Binance chain, one for Ethereum chain) in Incognito chain. I think this is confusing and will make liquidity management in pDEX difficult for pBNB pairs. If possible, merging them into the single pBNB would be better.

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How or where will we see the status of our pairs earning?

Also any chance we will see ADA in pDex?

Thanks

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Hey @Z3Y,
Yep, the devs team work on building the dashboard for liquidity providers. It allows to track and withdraw earnings in real time.

We expect to have the dashboard next week :pray:

Regarding adding ADA.

I have a chance to talk with Rob Cohen form IOHK, he said that make sense to raise this question to cardano community only when they launch own smart-contracts platform.

Probably we should push this question to cardano community https://forum.cardano.org/ I believe as bigger discussion will be around this as faster we can integrate it )

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Hi @andrey

I’ve provided liquidity and see coins changing from one side to the other, so when I want to revoke the liquidity, I assume I have to take the rate they’re representing on that moment?

Could you also explain how things work when someone exchanges a pUsdc to a pBtc token, specially when one wants to initiate a withdrawal.
How does the swap occur behind the scenes? I just have to wait untill the real btc is confirmed to withdrawal, or how does settlement work?

I see you are in the ren alliance, how are you working together?

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