Community Update: 'Tis the Season for Listing

Context

Integral has always been the little engine that could: we have been chugging along this DeFi Summer 2.0, at times more quietly. This update is intended to fill in these gaps and catch you up on what we’ve worked on from Jun – Aug, and what you can expect through September.

At its core, Integral is a new DeFi primitive that trades off between time and price impact – the longer you are willing to wait for a trade to execute, the less price impact you cause.

Our plan evolved to be 3-fold:

Phase 1: build and validate this core primitive — the rollout completed in June 2021, when we launched full trading. The smart contracts have been secure, and most importantly, the financial engineering principles were validated.

Phase 2: find a simple use-case for our technology, which we completed earlier in late July 2021, when we launched the Comparator upgrade. With this Comparator upgrade, we demonstrated our tech has the capability to beat all DEXs on pricing for many trade sizes. We were even able to beat aggregators over half of the time on bigger trades.

Phase 3: find a killer use-case for our technology, and we believe that it will be directing this primitive at serving block-trades: executing a $100m trade over a week efficiently on-chain. For instance, more than 2/3 of Coinbase’s trading volume came in this form as institutional flow, and we are poised to capture it for DeFi as the crypto landscape evolves around us. We expect to launch this in early Q4 2021.

Now, in light of these exciting fundamental developments, while we are hard at work to launch the 3rd phase of our product pipeline, we realize that it is the beginning of a new season for growth. Internally, the core team invested in 3 new members this summer across engineering and marketing (selected out of 50+ applicants, and 20 candidates interviewed). They are quickly ramping up to their full capabilities to channel the Integral mission to make DeFi better, and we are optimistic that you will see the fruits of their labors the coming weeks. Fittingly, it is time to channel this spirit externally to bring in more believers for the Integral Resistance through token listing and wider distribution.

The Listing Process

The listing process involves bringing together more demand than supply over the course of roughly 1 month.

Over the next few months, we will be launching marketing campaigns, and we will be finalizing collaboration with the appropriate leading exchanges. Such campaigns include a co-marketing program with a leading exchange, and two airdrop programs with leading crypto information hubs. These campaigns are all designed to maximize our brand awareness and the number of token holders. We will share more details about them in the following days.

Crypto marketing is quite decentralized and community is powerful. 300 followers here and there can go a long way. We ask for your help to spread the word of Integral to a wider audience. If you have your own followers or community, please consider joining our Ambassador program. You will be able to earn a fixed income and referral fee by contributing to the protocol, whether it is user referrals or community member acquisitions. Even if you do not, you can help us greatly by referring us to your own crypto friends.

When?

We expect to list around mid-September. An exact date will be announced as soon as we finalize plans with a leading exchange. We are close, and to be fully transparent, we are aware of a rapidly tightening compliance environment around DeFi projects. We had to adjust to this by engaging 3 different law firms to assist us in navigating and sorting out the exact process for a safe token issuance and listing setup.

A reminder that current ITGR stakeholders (excluding team/advisors) have been receiving 10% APY (3 yr vested) on ITGR holdings as a result of this wait.

Token supply during opening week

Because everyone is vested, the circulating token supply is expected as follows:

  • 2,213,170 ITGR on opening day

  • 5,146,149 ITGR by the end of the first week

When am I gonna receive the tokens?

After the listing, vesting for all previously-acquired ITGR will start. Token holders will be able to claim their tokens based on their originally designed vesting schedules.

We will add a Claiming & Staking tab on the main app after the listing, and this will be the only place to claim ITGR. After connecting your wallet, the tab will display the balance of your 3-year-vesting and 6-month-vesting tokens.

Tags

Integral Insights

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.

Narratives

August 4th, 2023

Can Real Yield Replace Token Incentives for LPs?

DeFi protocols have relied on the distribution of native tokens to incentivize liquidity providers (LPs). In a previous post, we delved into traditional liquidity incentives and the utilization of vote-escrow tokens. Now, we shift our focus to a fresh approach that has captured the attention of DeFi enthusiasts: concentrated liquidity methods.

News

July 29th, 2023

Post-Mortem Report: Precision Error for Actions in Integral SIZE

A potential vulnerability was identified in the Integral protocol via our Immunefi bounty program. We did not observe the exploit active in production and we have since deployed a patch and the system is back to running as normal. No user funds were lost.