CVX-ETH : New Token Pool on Integral SIZE

Integral will shortly be launching a CVX-ETH pool on SIZE. Rewards for trading and LP will start from 0000 UTC April 12th, and the trading fee will be 1 bp.

Why it matters: CVX-ETH is SIZE’s first ever altcoin pools–a brand new feature that is exclusive to SIZE.

  • Given the poor liquidity on-chain, altcoin pairs have been big victims of price impact for a long time. A study by Integral showed that trading for $100,000 worth of $CVX would incur a max price impact of over 1.5%. Trading for $1,000,000 pushes price impact past 22%. This holds across exchanges and even extends to aggregators.
  • SIZE is a DEX lets traders execute orders at 30-minute TWAP, giving trades zero-price impact.

Zoom in: You can read more about SIZE in our launch post and documentation, but the new SIZE pool brings a new set of options for CVX traders and holders.

  • Provide Liquidity to CVX-ETH pool: liquidity providers in SIZE can provide CVX and ETH as a pair, or provide single-sided liquidity. SIZE’s unique design means that LPs experience no net impermanent. Furthermore, we are running a liquidity mining program with exceptional $ITGR rewards for LPs.
  • Buy large volumes of CVX with SIZE: SIZE allows traders to execute large block trades with zero price impact. The 30-minute TWAP of the asset is the final price, enforced and verifiable completely on chain. For DAOs or whales looking to accumulate large quantities of CVX, SIZE offers an efficient and slippage-free way of purchasing lots of CVX.
  • Sell SIZE with an OTC workflow: LPs can provide CVX single-sided to the SIZE pool. A trader or DAO looking to sell CVX can add CVX to the pool and incoming buy orders will be executed at the 30-minute TWAP price.

Zoom out: Starting as a central player in the Curve Wars, CVX has been universally appreciated by DAOs, funds, and whales. To learn more about the token, and what you can do with CVX, please read this deep-dive analysis from our research team.

Launch Program for CVX-ETH

In celebration of CVX-ETH pool launch, we are rolling out new rewards program for both liquidity providers and traders. The Total Reward = Base Reward x Bonus Multiplier.

Liquidity Farming

Each liquidity pool has a fixed number of ITGR reward emissions per block. LPs are rewarded pro-rata per block based on capital provided.

Base Reward emission will be 300,000 ITGR for CVX-ETH pool, starting from 0000 UTC on April 12, 2022. They are calculated and accredited in real time. LPs will be able to view their latest $ITGR balance on the Integral site next to the wallet address.

Each LP will be given a multiplier based on a snapshot taken at the start of each week at 00:00 UTC Sunday (April 10th).

The LP bonus multiplier is based on the amount and duration of ITGR staked. If an LP is qualified for different multipliers, the maximum multiplier will be used in the bonus multiplier calculation. Rewards contributed by the multiplier will be calculated and accredited at the end of each week.

  • To get a multiplier of 2 (2x rewards), you need to have ≥ 10,000 ITGR staked for 3 years.
  • To get a multiplier of 1.5 (1.5x rewards), you need to have ≥ 5,000 ITGR staked for 3 years.
  • To get a multiplier of 1.2 (1.2x rewards), you need to have ≥ 5,000 ITGR staked for 6 months.

Please note that rewards for LPs in ETH-USDC does not change. Its Base Reward emission will still be 300,000 ITGR, with multiplier being applicable.

Trade Mining

Base Reward emission will be 50,000 ITGR for all SIZE users every weekday, starting from 0000 UTC on April 12, 2022. They are to be distributed pro-rata based on trading volume of the day among all eligible wallets.

Each trader will be given a bonus multiplier based on the ITGR staking snapshot at 00:00 UTC each weekday, and the average trade size (to be updated in real time during the day). If a trader is qualified for different multipliers, the maximum multiplier will be used in the bonus multiplier calculation. Rewards contributed by multiplier will be calculated and accredited at the end of each day.

  • To get a multiplier of 2 (2x rewards), you need to have a ≥ $1,000,000 average trade size on SIZE during that week.
  • To get a multiplier of 1.5 (1.5x rewards), you need to have ≥ 5,000 ITGR staked for 3 years.
  • To get a multiplier of 1.2 (1.2x rewards), you need to have ≥ 5,000 ITGR staked for 6 months.

With the launch of the CVX-ETH pool on Integral SIZE, there is a new utility available for the participants of the Convex wars. Learn more about Integral SIZE here and start trading with SIZE today at: https://integral.link/

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.