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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.