Professor JEY Office Hour Recap (Week 8)

Weekly Recap

Marketing/Business development

We are still accumulating enough sales leads for the upcoming OTC launch. And to help with these sales and further build the Integral name we sponsored an exclusive, invite-only NFT Halloween party in Las Vegas on Oct 28th. @philivey, @TheShoeSurgeon & @SneakerCon were amongst other well known celebrities to launch the world’s first multiverse NFT on Moments’Marketplace.
You can read up on more details here.

Messari, one of the leading research firms in crypto, just dropped a report on Integral! The report analyses our technology, product and roadmap.
If you are new to the community, we highly suggest you to give it a read:
https://messari.io/article/integral-exchange-service-for-the-defi-whales
Furthermore, when Ryan Selkis (Messari’s lead) featured Integral in his daily newsletter, he called us “DeFi for Whales”, absolutely loving it!

Also, we have released our premium membership program – DeFi Trader Club.
The DeFi Trader Club (DTC) will be an exclusive group connecting our team with our high-volume traders along with other VIP benefits such as early access to our products, features and updates, a unique DeFi Superhero NFT (designed by BAYC artist) and plenty more. Read up on all the benefits here.

The DeFi Trader Club (DTC) will be an exclusive group connecting our team with our high-volume traders along with other VIP benefits such as early access to our products, features and updates, a unique DeFi Superhero NFT (designed by BAYC artist) and plenty more. Read up on all the benefits here.

Additionally, there are a few more marketing events happening in November, including Integral’s 1st NFT Collection – DeFi Superheroes. We will be running a series of community based events to gift these. So, if you missed the first announcement, come join our discord and stay tuned for the next community event.

And lastly, our sponsorship of The Defiant Podcast is still ongoing and will be for the next couple of months so make sure you head over and listen to Camila Russo’s weekly podcast on everything DeFi.

Product Development

We have finished building the Integral OTC. The Kovan test-net, should be available by the end of the week, and we’ll use the first two weeks in November to finish auditing it.

We are also upgrading our ui and landing page. Below is one of the design sketches.

Operational update

We’ve finished reimbursing the first batch of 27 wallets who have migrated their staking position to the new contract. The reimbursement includes gas costs incurred from their first stake, interest claims, and principal withdrawal. The team suggests you move your funds ASAP, as the old staking contract has stopped distributing interest. If you haven’t done so, please follow this guide.

Spread the word

The next few months we will be generating enough leads for our OTC product.

The next few months we will be generating enough leads for our OTC product.
If you know someone who’s done a 500k trade on-chain, please kindly share this survey to them, and we’ll invite them directly into the DeFi Trader Club, whose member will enjoy the early access to the OTC product. https://3ecq2uc8dhw.typeform.com/to/Arda7JV4

Q&A

Marketing & Community

The DeFi Trader Club (DTC) is an exclusive club for elite traders with an order size of $500k+. As much as I can understand why this proposal is being put forward as it fits with Integral’s strategies and aims, I can’t help but feel that, despite being an early investor at launch, I am being left out because I’m not one of those elite traders who does that type of volume. I think there should also be a way to reward/acknowledge early investors especially as they invested quite early knowing that their investment will be vested over 3 years….

Thanks for the comment. I would like to use this opportunity to make some clarifications.

First of all, Integral OTC is not a retail-level product, which means that its user base will be extremely small. According to our analysis, there are only 4-5k wallets who have done a trade >500k on-chain. This means, we cannot rely on old marketing tactics to reach such people (like putting up ads or airdrops). We have to implement something new to connect with these users and build the product for them.

That’s why we we have launched the DeFi Traders Club. It’s not replacing the current community by any means, it’s more of a new channel which helps us connect.

We will definitely keep sharing our insights/knowledge/updates to our community and we humbly ask for your understanding. Everything we do always has the communities greater good at heart.

Can I ask how are the Heroes role is awarded here in Discord? On what basis? And whether the role comes with any privileges?

We designed the hero system when we first launched our protocol. It is a community based rewards structure that is currently being redesigned. We are always on the lookout for those of you that go that extra mile in helping build and inspire our community. This could be in many forms such as reviews, articles or even memes. @Skipper in our discord is currently leading this – if you are interested in what’s going on and want to become a Integral Hero yourself, you can always reach out to him!

Product

Can you tell me the difference between Integral and a company like Galaxy why should institutional organizations use the service of Integral and not Galaxy’s service to buy crypto in a safe and trusted way against good prices?

That’s actually quite easy to answer. Unlike Galaxy, Integral is DeFi. It can allow whales/institutions to trade large orders while preserving the beauty of DeFi: you have 100% control of your assets.

Which groups are you targeting that you hope will use our product?

Elite DEX Traders (aka Whales), standalone OTC Desks (sometimes their clients specifically ask them to execute the orders through DeFi) or crypto native funds that need to hoard eth/stable for farming etc.

TVL & L2

Are you planning to focus on the OTC, or are you going to boost marketing for both your products when OTC is live? Right now there are not enough liquidity in most/all the pools for whale trades.

So the below graph illustrates the relationship between the $ITGR farming rate and TVL. The reason that there’s not enough liquidity in the pool, is because currently the farming reward is very low (only emitting 0.053% of the token cap every week).

After the OTC product launches and we will witness a sustainable flow as we will increase the rate to make sure there’s enough liquidity in the pool for all trades.

It would be great if this system, which uses the protocol to feed its liquidity, could be implemented in the largest number of blockchains and L2 of course. In addition implementing to the backend of other protocols, fintechs and tradfi.

Yes, we are looking at L2 at the moment. Before we choose and implement an L2 on the trading function we’ll use it to first solve the high-gas problem for claiming ITGR tokens.


Follow us and keep up-to-date

To join in on The Professors Office Hour next week please join our Discord server:

Discord: https://discord.gg/hJdG95ykHD

Website: https://integral.link/

Twitter: https://twitter.com/integralhq

Substack: https://blog.integral.link/

Telegram: https://t.me/integralresistance

Github: https://github.com/ProfessorJEY/Integral-Smart-Contracts/

Tags

Integral Insights

Updates

July 3rd, 2024

Integral Insights Jun ‘24

We are excited to announce that the distribution of this grant has begun in June. A significant portion of the grant is being allocated as liquidity incentives to our valued users.

Updates

June 13th, 2024

Integral Insights May ‘24

Business

June 6th, 2024

How to Participate in the Arbitrum Rewards Campaign

125,000 $ARB will be dedicated to a 3-month liquidity mining program focusing on store-of-value (SoV) token pairs such as WETH-USDC, WETH-USDT, WETH-wstETH, and WETH-ARB.

Updates

June 6th, 2024

Unlock High Yields with Integral's $225K ARB Grant from Arbitrum Foundation – Join Our Liquidity Mining Program Today

Integral has been awarded a significant grant of 225,000 $ARB from the Arbitrum Foundation under the Long-Term Incentive Pilot Program (LTIPP). This funding will drive the growth and adoption of Integral on Arbitrum, benefiting the entire ecosystem. With 125,000 $ARB dedicated to a 3-month liquidity mining program focused on key token pairs like WETH-USDC and WETH-ARB, liquidity providers can enjoy high yields and reduced trading costs. Additionally, 100,000 $ARB will be allocated to incentivize integrations with aggregators, solvers, and vaults, fostering a more interconnected DeFi environment. Join us and be part of this exciting journey to enhance liquidity and trading on Arbitrum!

Updates

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.

Product

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.

Business

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.

Updates

March 4th, 2024

Integral Insights February ‘24

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

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.