Professor JEY Office Hour Recap (Week 2)

We are very pleased to have concluded our 2nd weekly office hour.

Please find below our weekly recap, survey question results and the live community Q&A session that followed. If you missed it we hope to see you there next time!

Weekly Recap


We are moving further with legal housekeeping on our negotiation with the leading Central Exchange (CEX). In the meantime, we are also planning an Initial Dex Offering (IDO) before the Token Generation Event (TGE).


We are now arranging marketing channels for the IDO and TGE, with the help from some influencers. We are also working with a major web3 community for co-marketing, which you’ll be able to see this month.


We are finalizing the staking contract and claiming UI, which will go live on TGE (15th September). 


Strategy, Vision & Competition

Any new plans beyond the road map during this bull round market?

Product-wise, we will prioritize rolling out TWAP in Q4. 

Our 1st product the Comparator uses a 5-min execution window in order to achieve the best execution of roughly $1mil sized orders at the spot. 

Our 2nd product, TWAP, which will be our product priority in Q4 2021, uses a 1-day to 1-week execution window in order to achieve the best execution of roughly $100m sized orders.

Token-wise, we will keep pursuing further listing, marketing, and community efforts in Q4.

As Integral’s brand and reputation continues to grow would the team consider leveraging this reputation and tech and partner with an NFT DEX? Is this even a feasible idea?

That’s definitely a possibility if we think there’s room for innovation there. It’s unlikely that we will do something trite with no innovation involved. It’s not our game.

Integral efficiently executes large orders the vast majority of the time. The model works. But how does the team plan on attracting large client trading volume? Most institutions utilize CeFi and while this is bound to change with enough time, in this moment how does the team plan to approach large-scale investors who are content with the safety net CeFi often provides?

It’s either aggregator integration or trade mining. We are working on both. Integration is more blocked because a non-atomic DEX is rare. Trade mining has been tested by the community, we expect to expand it further. 

Which exchange do you see being Integral’s biggest competitor in the coming years, and why? And what do you believe Integral has or will have, that will make it the best exchange?

We occupy the niche of Time-Weighted Average Price (TWAP) execution. There are no other players in this track, so it’s quite blue ocean. It will be exceedingly so once we launch our 1-day to 1-week execution window product.

Does the Team have plans to expand to other chains or L2s? 

I think for the question of multi-chain/multi-coin it still depends on if there are demands on block trades on those chains. These are very cool projects, and we’ve been watching them for a long time. But I think L2/roll-up has higher priority on our roadmap. 


Any way to offer an annual percentage rate (APR) when total deposits are below $1MM? It does not provide any incentive for those that are keeping their tokens in a pool with 0%.

We are considering to down-adjust the rewards for these unpopular pools then lower the assets under management (AUM) threshold. 

After seeing the attacks that the DeFi space has suffered and especially the last attack on the Polygon chain. do you have a plan B? In the event that Integral suffers an attack, do you have a fund or strategy to cover the losses and protect its investors?

Our efforts are focused on not getting hacked, and our SC has been battled-tested against $750m AUM. We also upped our critical bug bounties to $250k this week. The reason why we are not focused on rescue is that the particular situations could vary wildly, but we do have the early detection monitor and proper industry connections in place. 


Last office hour, you discussed the competition already for a bit. However, what do you specifically know/think about the Time-Weighted Average Market Maker (TWAMM) product of the guys from Paradigm (Dave White etc). For me, it’s kind of worrisome since they have a lot of capital and knowledge to create such a product and compete with you guys. Are you planning ahead?

We will likely launch first, and we welcome more players to popularize and legitimize the big trend of TWAP on-chain. It’s perhaps the biggest frontier for DEX’s for the year ahead of us. It has room for many players. 

What’s the difference between Integral and the TWAMM mentioned by Dave White from Paradigm . I’m very excited about integral because it seems that Integral will fulfill the TWAMM sketch.

Exactly. Same objectives – both execute orders over time. The difference is that we use an oracle to determine the price. They use their own pools to determine the price. 
The outcome should be fairly similar if both designs work correctly. We know that our design will work correctly as shown by the current 5-min product.


With $ITGR being a Governance token, can you expand in details on how revenue share from trade and commission will benefit holders, and what is the year one forecast based on your business model.

Plain and simple. Protocol earn $1, $1 will go into protocol treasury. When Decentralized Autonomous Organization (DAO) voting starts, a vote can take place to dispense part of all of the protocol treasury to the token holders. 
Regarding the 2nd question, we are a startup in a volatile industry, any forecast we make is probably going to be wildly inaccurate. 

Will our interest be visible in our accounts from Sep 15th?

Yes it will be.

Do you have any news concerning the listing? Is it still on track for September 15th? And where will the IDO take place?

Our TGE it is still on track for September 15th. It will be done through token vesting and a planned IDO. I’m afraid I cannot disclose its name, as we are still in talks with them about logistics stuff. We’ll update the community once we get confirmation. 

How do you feel about memes like “Magic 8-Ball” (about frequent listing delays) and “Lamborghinis / palaces / yachts bought for $ 32 mln.” Are you worried about it? Or are you on a yacht now and you don’t care?

We never expect love from everyone in this space. It’s okay. They will keep gut-punching us, and we will do our best to not let it distract from our real work: which is to keep innovating and to do what is right for our believers and the DeFi industry in general. These are the only things that matter in the long run. It’s not that we are on a yacht and we don’t care. It’s that we don’t care about yachts!

If you would like to help Integral grow faster, the most important and leveraged thing you can do is to refer us 1 good engineer that you know. We are hiring smart contract engineers, and we need your help to source the best possible candidates.


Integral Insights


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.


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.


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.


March 4th, 2024

Integral Insights February ‘24

Another milestone was reached on February 21st when Integral processed over $2 billion in cumulative volume.


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.


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.


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.


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.


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.


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.


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.


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.


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.


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.


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.


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.


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.


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.


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!


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!