Integral Insights February ‘24
Another milestone was reached on February 21st when Integral processed over $2 billion in cumulative volume.
Integral will shortly be launching the stETH-ETH pool on SIZE. Rewards for LP will start from 0000 UTC on June 27th, and the trading fee will be 1 bp.
Why it matters: stETH is the tokenized form of staked Ether native to Lido. Although it is designed to represent ETH on the Ethereum beacon chain on a 1:1 basis, recent market conditions have brought huge volatility to this asset. By listing stETH-ETH on Integral SIZE, we hope to deliver on-chain TWAP, MEV resistance, and 0 price impact experience to its traders, making it more efficient and economical to swap on chain.
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 stETH traders and holders.
In celebration of stETH-ETH pool launch, we are making changes to our current rewards program for liquidity providers. The Total Reward = Base Reward x Bonus Multiplier.
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 200,000 ITGR for stETH-ETH pool, starting from 0000 UTC on June 27, 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.
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.
In the meantime, here are the rewards to the other pools on both SIZE and FIVE.
With the launch of the stETH-ETH pool on Integral SIZE, there is a new utility available for the participants of the Lido and ETH 2.0 Ecosystem. Learn more about Integral SIZE here and start trading with SIZE today at: https://integral.link/