Shielding Funds
To shield funds originating on other chains, you can use the IBC transfer feature in the Prax Wallet, found under the Shield Funds
tab.
This feature allows you to send tokens from other chains into Penumbra's shielded pool, where they will benefit from Penumbra's enhanced privacy and become available to use on the DEX.
For incoming transfers to the shielded pool, you must connect a wallet from a counterparty chain to the Prax Wallet, and then initiate the transfer from the counterparty chain's wallet.
To unshield funds, you can use the Shield Funds
tab to send tokens from Penumbra to another chain, by selecting a counterparty chain and destination address and clicking Unshield Assets
.
Info
IBC Deposit addresses exist because source chains record the deposit address. They serve as an additional layer of anonymity to not link your deposit and actual addresses.
Info
Penumbra supports paying fees in multiple tokens, including USDC. Prax will always choose the best token to pay fees with depending on your balances.