Changes to Staking and Farming

As we stand on the brink of several major developments and updates, we wanted to take a moment to reflect on our collective journey over the past nine months and chart our path forward.

Over these months, with the collaboration and support from all of you:

  • Integral Relayer was developed to allow for atomic swaps based on your feedback.
    • It has been launched on both Ethereum mainnet and Arbitrum, and has been integrated by top aggregators and solvers on mainnet (soon for Arbitrum).
  • Integral has been among the top 10 DEXs on Ethereum based on trading volume on DeFillama.
  • We improved the gas efficiency of the overall system significantly. Currently, the gas usage of an atomic swap is on par with, if not better than, the DEXs such as Uniswap and Curve.
  • We are about to cross the $1.2B volume mark, thanks to the trust you’ve placed in us, especially for pairs like ETH-USDC.
  • For LPs, we have upgraded the system to allow for arbitrary reward token emission.
  • Our limit order feature, driven by your feedback, is now in its testnet phase.

Integral has been among the top 10 DEXs on Ethereum based on trading volume on DeFillama. Date of record: 2023.10.1

But our journey doesn’t stop here. As we glance into the future, our roadmap includes:

  • Completing another major LP system upgrade, when activated, will be able to direct a portion of trading fees back to LPs.
  • Expanding our reach through more Layer-2 network deployments.

The comparison only took Ethereum-based DEX into consideration. Date of record: 2023.7.18.

However, as we continue to stride forward, there are a few updates we need to address. Starting from October 6th:

  • LPs will no longer accrue ITGR reward in preparation for the new LP system upgrade.
  • Staked ITGR will no longer accrue rewards as the token approaches the pre-set max token supply of 300 million. Stakers are now free to withdraw their principal and claim any earned rewards.

Date of record: 2023.10.6

We anticipate minimal disruption to our system. Integral’s foundation rests on liquidity providers and order flows. The aforementioned changes will not affect aggregators and solvers in directing orders to us based on price competitiveness offered by Integral. Further, we continue working closely with various aggregators and solvers for integration and boosting the diversity of the order flow and integration partners.

With the coming LP system upgrade and further gas optimization, we expect Integral to be even more competitive in major token-pair swaps for aggregators and solvers who have integrated us. If you know any aggregators and solvers looking for competitive quotes on-chain, please reach out!

Our vision for Integral extends beyond being a mere liquidity backbone for DeFi. We aspire to transform Integral into a robust liquidity engine for emerging token projects. Our upcoming LP upgrade underscores this vision. By deploying a Uniswap pool as an oracle and using the Integral pool as the main source of liquidity, token projects can eliminate the need for tedious bribing or active liquidity management. Instead, they can enjoy competitive pricing provided by Integral. Additionally, the Integral pool will be able to allocate a portion of trading fees back to LPs or distribute customized ERC20 tokens as liquidity rewards. With an extremely high capital efficiency (250% compared to Uniswap 23%), LPs in your community will earn significantly.

In closing, we owe our success and growth to each one of you. Your faith, support, and patience have been the driving force behind Integral’s achievements. As we venture into this next chapter, we remain grateful for your continued trust and partnership.

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!