Integral (ITGR)

Basics

• Based in:
• Started in / Announced on:
• Testnet release:
• Mainnet release: 29-3-2021
• Automated market maker (AMM) designed with a baked-in order book.

Token

Launch

• Launched on 11-6-2021.

Technology

• Whitepaper can be found [insert here].
• Code can be viewed [insert here].

Implementations

• Built on: Ethereum

How it works

• From CoinDesk (30-3-2021):

“Whenever another exchange tries to beat us with better liquidity, we mirror this liquidity onto ourselves until we regain the world’s best liquidity again. This process can be thought of as a continuous vampire attack until all world liquidity is integrated by us.

Integral will mirror snapshots of Binance’s order book onto the AMM to artificially create depth accompanied by Uniswap’s (delayed) prices. By doing so, Integral can experiment with different price curves relative to other AMMs.

Integral expects to be a home for whales, at least for the time being, given the need for liquidity to on-board to the exchange.

Oracle Method

• From CoinDesk (30-3-2021):

"Integral uses Uniswap’s own price oracles, but with a five-minute delay. The team thinks the time delay will decrease instances of impermanent loss, where assets contributed to a DEX’s pool bleed out value. That bleeding is the result of how AMMs quote prices – by balancing asset reserves against one another and having arbitrage traders add or remove assets based on price movements off the exchange. This rebalancing, in certain situations, can lead to LPs losing value instead of gaining it. It’s thought a time delay will force traders to other platforms while still offering competitive prices."

Roadmap

• Can be found [Insert link here].

Audits

• Bug bounty program can be found [insert here].

Usage

• From CoinDesk (30-3-2021):

"The protocol’s asset pools have attracted $239 million."

Competition

• Uniswap, SushiSwap and other AMMs.

• From CoinDesk (30-3-2021):

"Integral’s team members think their design can not only quote better prices but provide fairer returns for liquidity providers (LPs)."

Team, Funding, Partnerships, etc.

Team

• Full team can be found [here].
• From CoinDesk (30-3-2021):

"Built by four Harvard friends and a cast of industry bigwigs. The founding team of nine, which has requested to remain nameless, is being advised by Polychain Capital founder Olaf Carlson-Wee, Gauntlet founder Tarun Chitra, Compound Finance founder Robert Leshner and Framework Ventures co-founders Michael Anderson and Vance Spencer."

Funding

• From CoinDesk (30-3-2021):

"The Integral team raised 11 ETH in a Gitcoin grant to deploy the project on the Ethereum blockchain. "