2 Days Left & Integral 2040

In the world of 2040, Integral will be a go-to liquidity pool for global consumer interfaces.

Day 5 of the Integral Public Seed Round is upon us, and we’ve just crossed a significant milestone—over $10 million has been invested. Thank you to everyone who has chosen to trust and support Integral, and we are confident that there will be more people joining us between now and the end of sale. Set your reminders for 15:30 GMT April 28th when the seed round ends – only two days left 🙂

Below we’ll outline Integral’s long term vision and also answer some common inquiries from the past few days.

Integral 2040

Last week, Professor JEY offered a glimpse of Integral’s future in response to our advisors at Framework Ventures.

Integral has always been building for the Year 2040.

We believe that in the Year 2040, every person in the world will have a crypto wallet that contains at least 20% of their personal wealth. Crypto will be legal. Any activities that can be done now in traditional finance (payment, lending, investing, insurance, etc.) will be done on a comparable scale in Defi. There will even be major emergent applications that traditional finance doesn’t currently have (world central banking managed by algorithms and voting etc.).

In the world of 2040, Integral will be a go-to liquidity pool for global consumer interfaces (the future versions of Whatsapp/Facebook/Alipay/JPMorgan/Visa). Integral tokens, ITGR, will be chiefly co-owned and governed by these consumer interfaces. Integral is the protocol that they co-own and use to source liquidity from LPs. LPs will earn trading fees. LPs may also choose to own ITGR in order to influence policies in their favor when dealing with these consumer giants. Billions of consumers will even indirectly route their trades through the fully decentralized Integral protocol without knowing it.

To imagine the future of tech, we can first look back in history. We most admire the pioneers of 1970s Silicon Valley. Back then, the whole computing community was divided into 4 groups:

  • people who’d never touched a computer

  • geeks who were passionate about learning new concepts and building a computer

  • consumer-facing companies which shipped great product (sadly most of them died in the history)

  • labs/technology-driven company which made terrific components such as the Intel 8080 CPU.

This is precisely what the crypto world looks like right now. We are currently discussing IL or No IL, with the same enthusiasm as geeks discussed circuit boards 50 years ago. This is incredible! Because of early adopters like you and us, consumers right now don’t need to know anything about circuit boards, they just go and buy a perfectly sealed Mac. What came out of these discussions materialized into infrastructure companies like Intel, building infra-level components that have a profound effect on society.

This is exactly what we aspire to be—building components that will keep empowering the Defi revolution for the next 20 years.

This is not always easy. As JFK once said, “your successes are unheralded — your failures are trumpeted.” But we are fully committed and excited for this magical journey, and we are so happy that you will be joining us!

FAQs that came up during the public sale:

What’s your plan for May and June?

  • Product

    • Upgrade our AMM with the newly developed algorithm based on our research of optimal quadratic solver.

    • Enabling trading and single-sided deposit for other pools (ETH-USDC, ETH-USDT, ETH-DAI, ETH-wBTC).

    • Launch more Defi Blue Chip pools.

    • Commence our first aggregator integration.

  • Token

    • Build and deploy the token, vesting, and staking contracts.

    • List ITGR on a major exchange.

  • A bit beyond May

    • Start porting Integral AMM designs to L2 environments.

    • Commence integrations with Chainlink as an oracle.

How does the core team plan to use the money raised?

Before DAO assumes governance, proceeds from the sale will be spent primarily to carry out Integral’s long-term vision. This includes hiring team, dev and R&D, growth initiatives for expanding the user base, and economic support of Integral and its ecosystem.

I’m still learning about Integral. Could you show me how you guys eliminate IL?

This is a question that’s been raised a couple of times in our Discord, and before we would explain it with technical concepts. Below, we use real numbers to prove it.

Below is a table of a few internal metrics we keep. The no IL question can be answered by comparing how two numbers change over time:

  1. pool value per LP token and

  2. HODL value per LP token.

Pool value indicates how much (in USD) you get after putting 1 USD worth of crypto into Integral’s pool, during the time period. HODL value is quite similar except it’s benchmarked by keeping the same amount of crypto in your wallet instead of our pool.

These two numbers will reflect Integral’s ability to handle impermanent loss, which is defined as “an LP’s return if they simply held onto their assets instead of providing liquidity.” If these two numbers are (almost) equal, we can claim that we can eliminate IL.

Now let’s use the LINK-wETH pool as an example because it’s currently the only pool that supports single-sided deposit and trading. You can see that there is nearly no difference between pool value and HODL value. This is insane, because since we launched trading for this pool on April 10th, ETH has crashed twice. It’s nearly impossible to maintain the same pool value and HODL value for other state-of-the-art AMMs, yet we’ve managed to do it with Integral.

Tags

Integral Insights

Updates

May 9th, 2024

Integral Insights April ‘24

The combined average daily volume across Ethereum and Arbitrum is now at 8.8 million USD, a remarkable 22% increase compared to last month.

Product

April 25th, 2024

Introducing New Pool Analytics: Elevate Your Liquidity Provision Experience

A standout feature in our latest update is the "LP vs Hold" tab, which provides a comparative analysis of various holding strategies against Integral's LP positions.

Business

April 1st, 2024

Integral Insights March ‘24

We achieved several important milestones, including a new all-time-high daily volume for Arbitrum and the addition of four new pools on the Ethereum mainnet.

Updates

March 4th, 2024

Integral Insights February ‘24

Another milestone was reached on February 21st when Integral processed over $2 billion in cumulative volume.

Updates

February 1st, 2024

Integral Insights: January ‘24

Our initial launch with the ETH-RPL pool was a success, quickly elevating us to the second most utilized liquidity pool for this pair’s trading.

Research

January 17th, 2024

Is Liquidity Fragmentation Really That Bad?

When the token evolves into a store of value, it attracts outside traders, focusing on trading costs and slippage. This is when concentrated liquidity truly shines.

Updates

January 2nd, 2024

2023 Review

At Integral, our focus remains on developing a sustainable product for on-chain trading, serving both traders and liquidity providers.

Updates

December 12th, 2023

Integral Now Rewards Liquidity Providers with Trading Fees on Ethereum Mainnet

This enhancement enables liquidity providers (LPs) to directly receive a portion or all trading fees from Integral pools.

Updates

December 6th, 2023

Integral Insights: November ‘23

During November, Integral processed an average of approximately 6 million in volume with around 1.5 million in TVL. The system’s overall capital utilization sits at around 350%. It is the 10th most used DEX on Ethereum.

Updates

November 28th, 2023

Integral Now Rewards Liquidity Providers with Trading Fees

This enhancement enables liquidity providers (LPs) to directly receive a portion or all trading fees from Integral pools.

Research

November 15th, 2023

How Do University Blockchain Societies Gain So Many Votes?

Explore how university blockchain societies like FranklinDAO and Michigan Blockchain have grown into influential players in DAO governance, utilizing delegated votes and strategic partnerships to shape the future of DeFi protocols like Uniswap, Compound, and Aave.

Updates

November 6th, 2023

Integral Insight: October ‘23

We give an update for our work in October and highlight a profitable LP position from a long-term user.

Research

October 26th, 2023

Understanding the Stakes in Lido’s Growing Share of Staked ETH

The community is arguing whether a protocol may have too much control over the Ethereum network. Lido controls a large percentage of staked ETH, which could have consequences for the network’s future security and neutrality.

News

October 14th, 2023

Changes to Staking and Farming

Looking back at our progress so far and to the future with new updates to staking and farming.

Updates

October 11th, 2023

Integral Insight: September ‘23

We give an update for our work in September with utilization going up on higher volume for our new pools.

Research

October 11th, 2023

The Hottest Narratives of the Summer

What were the hottest narratives of the summer? Our DeFi research team delves into the growth of trading bots, RFV traders and more in this overview.

Research

October 2nd, 2023

Uniswap Governance: A Deep Dive

Governance is considered a critical component for the decentralization and community-driven development of DeFi protocols. We take a look at one of the largest goverance ecostystems in DeFi, Uniswap. In this blog post, we'll discuss the landscape of Uniswap's governance, pulling data from empirical research to dissect the system's delegates and proposals, revealing some interesting findings.

Research

September 19th, 2023

What is the DAI Savings Rate (DSR)?

Our research team takes a look at the DAI Savings Rate and its influence on various yield dynamics in DeFi.

Updates

September 15th, 2023

Integral Insight: August ‘23

We give an update for our work in August with cheaper gas fees and the launch of the Integral Relayer on Arbitrum!

Product

September 7th, 2023

Integral Relayer Launches on Arbitrum

We are excited to announce the launch of the Atomic Relayer on Arbitrum. This will bring the efficient and tested system for atomic trades to the Arbitrum Layer 2 network!