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April 10th, 2022

Integral will shortly be launching a CVX-ETH pool on SIZE. In this blog post, we will walk you through what is CVX and Convex, the DeFi project behind this token.

Why it matters: The new CVX-WETH pool on Integral SIZE is a new utility available for the participants of the Convex wars. Traders can buy and sell CVX at the 30-minute TWAP price, DAOs can accumulate CVX with zero price impact, and LPs get boosted rewards with no impermanent loss.

Zoom in: Convex is central to the ongoing Curve wars and CVX has become a hot commodity on the back of this narrative.

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April 8th, 2022

Integral will shortly be launching a CVX-ETH pool on SIZE. Rewards for trading and LP will start from 0000 UTC April 12th, and the trading fee will be 1 bp.

Why it matters: CVX-ETH is SIZE’s first ever altcoin pools--a brand new feature that is exclusive to SIZE.

  • Given the poor liquidity on-chain, altcoin pairs have been big victims of price impact for a long time. A study by Integral showed that trading for $100,000 worth of $CVX would incur a max price impact of over 1.5%. Trading for $1,000,000 pushes price impact past 22%. This holds across exchanges and even extends to aggregators.
  • SIZE is a DEX lets traders execute orders at 30-minute TWAP, giving trades zero-price impact.

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 CVX traders and holders.

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April 8th, 2022

We are excited to announce that SIZE, the leading decentralized exchange for large orders, is now available on Gnosis Safe to bring the 0-price-impact trading experience for DAOs.

Why it matters: Gnosis Safe is a market leader for multi-signature wallet solutions. It is widely used by DAOs to effectively manage treasuries, approve spending, and make collective investment decisions. Given its user base overlaps substantially with Integral SIZE, we believe this integration will bootstrap SIZE’s usage further, and enhance our positioning as a necessary piece of DAO tooling.

The big picture: DAOs will be a cornerstone of whale trading in the years to come assuming the appropriate infrastructure is in place to facilitate this shifting guard.

  • Whales have historically been either individuals conducting large trades or larger entities with deep pockets.
  • However, DAOs have quickly become major players in this regard, evidenced by the recent JPEG’d DAO passing of its first proposal to buy $15 million worth of $CVX to earn more from an upcoming liquidity pool on Curve.
  • Although DAOs are finding their niche and the value they bring to the world of Web3, their needs have not been properly served. At the moment, DAOs still rely heavily on centralized exchanges or OTC desks, which are incompatible with either DAO’s value or operational methodology. Integral wants to change this, and bring 100% permissionless, trustless on-chain experience to DAOs.
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April 2nd, 2022

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.

TL:DR;

  • 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).
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March 30th, 2022

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 world.

Most of the current OTC on DeFi only provide the escrow solution and require traders to source their own counterparties.

Integral SIZE solves the “counterparty matching” issue, as traders are de facto trading with the liquidity pool. Orders will be always filled if there’s enough liquidity in the pool. It enables trading via smart contracts interaction versus contacting a trading desk, directly serving traders with peer-to-peer liquidity and direct on-chain order settlement.

The future of over-the-counter trading may look very similar on the surface, but behind the scenes, many pieces have not yet been realized. At Integral, we are looking to develop the next generation of decentralized building blocks for whale traders. To this end, we've been thinking a lot about over-the-counter trades and how they may work in a DeFi context.

In this article, we will dive into what a DeFi over-the-counter trading experience could be. But first, let's look at what over-the-counter trading is and how it works in crypto currently.

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March 22nd, 2022

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 with zero-price impact. Read more about SIZE in our launch post here. As part of the SIZE launch, we will be starting a new rewards program for both liquidity providers and traders. Read on for the details!

SIZE launch program rewards will go to both LPs and traders. LP Farming will start at 00:00 UTC on March 24, 2022. Trade Mining program will start at 00:00 UTC March 27, 2022 and continue on a weekly basis from 00:00 UTC Sunday through 23:59 UTC Saturday. Both reward programs have a base reward component and a multiplier. The Total Reward = Base Reward x Bonus Multiplier.

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March 22nd, 2022

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 Interface of SIZE
The Interface of SIZE
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February 10th, 2022

Update on Feb 10th, 2022

Token emission of ITGR has just restarted with a merkle tree update to the time release smart contract. Suppose you have provided liquidity to Integral or win any Ad Hoc ITGR giveaway after September 15th, 2021. In that case, you’ll see a new balance in the main app.

0.07% of total supply has been made available for vesting and claiming this time. We group all tokens earned within a month into 1 time release contract. The balance in Release #1 represents ITGR you made between 2021-09-14 00:00:20 and 2021-10-14 00:00:14 (UTC).

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January 3rd, 2022

The Year of NFTs and DeFi 2.0

Below 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 #3100
CryptoPunks #3100

Large 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.