Incognito pDEX: How it works and how to use it

UPDATE (11 December 2019): Now anyone can be a liquidity provider! For instructions on how to add your own pair or supply liquidity for an existing pair, scroll to the bottom of this article.

pDEX is a different kind of exchange. It’s non-custodial (which means your money is actually yours), it’s decentralized (built entirely on-chain), and because it’s powered by Incognito — it’s completely anonymous, of course.

It also facilitates instant matches by means of an automated market-making mechanism (more on this in a bit), and offers a chance for anyone to become a liquidity provider and earn a percentage of trading fees.

pDEX is the privacy-focused, inter-blockchain and instant-matching rendition of Nick Johnson and Vitalik Buterin’s conversations on Reddit circa 2016, and Hayden Adam’s implementation of Uniswap in 2018. Continue reading Incognito pDEX: How it works and how to use it