A Data-driven Farming Approach, Updated

Back in August, we began implementing a data-driven policy for LP farming rates. Since then, the policy has resulted in feedback from our community. Among this feedback, we’ve recognized a couple of phenomenons:

  • Pools have to meet a minimum TVL to generate farming rewards. When this required number is much bigger than the current TVL, most LPs will un-stake instead of depositing, since they can’t turn the tide single-handedly. Shoutout to @Finion78 who brought this to our attention!

  • Popular pools should be favored with more farming rewards to ensure their liquidity and quality of performance. On the other hand, pools with low TVL/volume should stop receiving rewards until a better product solution is reached.

A properly managed liquidity pool is key to the success of every AMM-based DEX, and Integral is no exception. Although liquidity barely affects our capability to serve trades with nearly 0 price impact, it does determine the quantity of trade we can process. Also, with the upcoming OTC product launch, we believe it’s a good time to concentrate our resources on premium pools and help them grow faster.

In consideration of these items, we plan to make the following changes to our current farming system:

  • The TVL and pool ratio requirement for each pool to generate rewards will be removed.

  • Reward emissions from DAI-USDC, DAI-USDT, USDC-USDT and LINK-ETH pools will be paused. Rewards that were previously allocated to these pools will be applied to other pools, leaving the weekly ITGR emission unchanged.

These changes will be effective immediately, resulting the following reward distribution plan:

  • Total weekly ITGR emission: 158,657 (0.053% of the max supply)

  • wBTC-ETH: 25% of weekly ITGR emission (up from 9.9%)

  • USDC-ETH: 40% of weekly ITGR emission (up from 21%)

  • USDT-ETH: 25% of weekly ITGR emission (up from 13%)

  • DAI-ETH: 10% of weekly ITGR emission (down from 19%)

We are extremely grateful to all of the community members who have offered their insights on this topic. If you have more feedback and suggestions, please do not hesitate to reach out via Twitter, Discord, or reply if you’re reading this via email.


If you would like to help Integral grow faster, the most important thing you can do is refer to us a great designer. Currently we’re looking to hire a Design Lead to assist with branding and content creation. Any assistance on sourcing the best possible candidates for this position would be greatly appreciated. If your candidate referral is eventually hired for this role, we’ll gladly send you 5,000 ITGR as a reward!

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Integral Insights

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!

Research

August 26th, 2023

How CRV Got Sold OTC

In this post we cover how the Curve founder sold large amounts of CRV in over-the-counter trades in order to prevent a potentially catastrophic liquidation event in DeFi.

News

August 18th, 2023

Integral Insight: July '23

Sharing our progress in July: preparations for atomic swaps on Arbitrum, trading SIZE with lower gas fees and more.