IntegralIntegral SIZE Is Now on Mainnet
Today we are excited to launch SIZE, a new decentralized exchange specifically designed to execute large orders on chain. SIZE lets traders execute orders at 30-minute TWAP, giving trades zero-price impact.What is SIZE?SIZE is a new DEX and DeFi primitive that executes time-weighted average price (TWAP) trades on-chain. While other on-chain exchanges are not optimized for large-volume traders, SIZE is built with whales in mind to provide a better trading experience with zero price impact.The ...
IntegralIntegral Stakeholder Letter | 2021 Annual Review
The Year of NFTs and DeFi 2.0Below is a picture of the most expensive CryptoPunk (Punk #3100); sold (on-chain) for 4,200 ETH on March 11th, 2021. This NFT sold just hours after "NFT" first appeared as a headline in The New York Times.CryptoPunks #3100Large transactions like this can define a primitive - as they do with Integral. At the time of this sale, many people in the space considered NFTs to be another Web3/DeFi primitive given that both involve on-chain token transfers. Unfortunately, ...
IntegralHow to Imagine OTC on DeFi?
TL;DR: Estimates from Circle suggest that OTC desks process 2 to 3 times more volume than exchanges. There are two main types of OTC operations. Principal desks take risks in the markets to fill trades for clients and charge a spread. Agent desks connect two parties for large trades and charge a broker fee for the service. There are few OTC options outside of centralized, off-chain processes. For DAOs and other chain-native applications, it is unwieldy to deal with this interface to the real ...
Creator of SIZE, the DEX built for large trades! 🐋 0 price impact / 0 IL / 💯 on-chain | 💼 We're hiring! http://bit.ly/integraljobs
IntegralIntegral SIZE Is Now on Mainnet
Today we are excited to launch SIZE, a new decentralized exchange specifically designed to execute large orders on chain. SIZE lets traders execute orders at 30-minute TWAP, giving trades zero-price impact.What is SIZE?SIZE is a new DEX and DeFi primitive that executes time-weighted average price (TWAP) trades on-chain. While other on-chain exchanges are not optimized for large-volume traders, SIZE is built with whales in mind to provide a better trading experience with zero price impact.The ...
IntegralIntegral Stakeholder Letter | 2021 Annual Review
The Year of NFTs and DeFi 2.0Below is a picture of the most expensive CryptoPunk (Punk #3100); sold (on-chain) for 4,200 ETH on March 11th, 2021. This NFT sold just hours after "NFT" first appeared as a headline in The New York Times.CryptoPunks #3100Large transactions like this can define a primitive - as they do with Integral. At the time of this sale, many people in the space considered NFTs to be another Web3/DeFi primitive given that both involve on-chain token transfers. Unfortunately, ...
IntegralHow to Imagine OTC on DeFi?
TL;DR: Estimates from Circle suggest that OTC desks process 2 to 3 times more volume than exchanges. There are two main types of OTC operations. Principal desks take risks in the markets to fill trades for clients and charge a spread. Agent desks connect two parties for large trades and charge a broker fee for the service. There are few OTC options outside of centralized, off-chain processes. For DAOs and other chain-native applications, it is unwieldy to deal with this interface to the real ...
Creator of SIZE, the DEX built for large trades! 🐋 0 price impact / 0 IL / 💯 on-chain | 💼 We're hiring! http://bit.ly/integraljobs
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It’s been a week since we launch SIZE, a new decentralized exchange specifically designed to execute large orders on chain. With 30-minute TWAP, SIZE lets traders execute orders with zero-price impact.
At the same time, we started a new rewards program for both liquidity providers and traders. After a week of careful monitor and analysis, we have decided to introduce the following changes to the Trade Mining program.
Lower Fee: 1 bp trading fee for ETH-USDC pool (previous: 10 bps).
Daily Frequency: Trade mining program will now be on a daily frequency on weekdays starting from 00:00 UTC on April 4, 2022 (previous: weekly).
These changes will come into effect from 0000 UTC on April 4th (Monday).
To be eligible for trader rewards, a wallet needs to trade at least once in an eligible pair (currently, ETH-USDC) on a weekday.
Trade Mining Rewards have a base reward component and a multiplier. The Total Reward = Base Reward x Bonus Multiplier.
Each weekday 50,000 $ITGR 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.
Rewards for Liquidity Providers will stay the same. 300,000 ITGR will be given out to Liquidity Providers in ETH-USDC pool in a week, starting from 0000 UTC on April 3rd (Sunday).
To learn more about how the rewards for liquidity providers is calculated, please check this blog.
It’s been a week since we launch SIZE, a new decentralized exchange specifically designed to execute large orders on chain. With 30-minute TWAP, SIZE lets traders execute orders with zero-price impact.
At the same time, we started a new rewards program for both liquidity providers and traders. After a week of careful monitor and analysis, we have decided to introduce the following changes to the Trade Mining program.
Lower Fee: 1 bp trading fee for ETH-USDC pool (previous: 10 bps).
Daily Frequency: Trade mining program will now be on a daily frequency on weekdays starting from 00:00 UTC on April 4, 2022 (previous: weekly).
These changes will come into effect from 0000 UTC on April 4th (Monday).
To be eligible for trader rewards, a wallet needs to trade at least once in an eligible pair (currently, ETH-USDC) on a weekday.
Trade Mining Rewards have a base reward component and a multiplier. The Total Reward = Base Reward x Bonus Multiplier.
Each weekday 50,000 $ITGR 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.
Rewards for Liquidity Providers will stay the same. 300,000 ITGR will be given out to Liquidity Providers in ETH-USDC pool in a week, starting from 0000 UTC on April 3rd (Sunday).
To learn more about how the rewards for liquidity providers is calculated, please check this blog.
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