We are excited to announce that Integral will launch a series of stablecoin pools, including USDC-USDT, DAI-USDC, and DAI-USDT. These pools will be open for LPs and traders starting from 15:30 GMT on May 31st.
With our Concentrated Liquidity feature, these newborn pools are designed to deliver the best stablecoin depth and slippage in DeFi, all the while leading the industry in stablecoin trading fee levels at 2 bps.
To celebrate this and the upcoming Token Generation Event (more information coming in the next few days), we will increase the liquidity farming reward next week. Starting from 15:30 GMT on May 31st, LP reward rates will be boosted to 1.406% of the token cap, which is 4x the current week’s reward. This boost will remain in place for two weeks, and 4,218,000 $ITGR (split adjusted) will be distributed to LPs per week. Each pool will receive a portion of rewards according to their Pool Weights:
Meanwhile, we will make a significant change to the Farming Program to fix pool ratios. If a pool’s ratio is too skewed, defined as the proportion of a single asset exceeding 80% of pool composition, all LPs of that pool will stop earning farming rewards. We hope this measure will incentivize existing LPs to rebalance pool ratios by making single-sided deposits or trades. This change will come into effect at 15:30 GMT on May 31st.
Integral is hiring! We are now looking for talents like SC engineers and front-end engineers. These positions are full-time, remote, and paid with a competitive package. If you are interested in joining us, please apply with this link, or share this email with your friend. Together, let’s build the last exchange.