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.

Now it's time to shield your funds and transfer them into Penumbra. We've displayed one of your IBC Deposit addresses for you convenience below. Copy it using the button on the right.
We will use Skip Protocol  to bridge funds into Penumbra. Go to the Skip app, and input your IBC Deposit address. Select your source chain and asset (we recommend USDC, but any common asset is fine) and select Penumbra and USDC as the destination chain. Then initiate the deposit and come back to this page.
Waiting for a deposit to occur