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Integral is a new DeFi primitive that efficiently executes large orders. It is the only such primitive with a functional product to date and is poised to capture the exact segment of large client trading volume for DeFi.
Who are the founders of Integral?
Integral was started by a pseudonymous and self-funded core team. The team consists of early crypto investors, startup founders, mathematicians, hedge fund managers and data scientists. Its current advisors include Rob Leshner (@Compound), Tarun Chitra (@Gauntlet), Framework Ventures and Polychain Capital.
What makes Integral unique?
Integral is the pioneer of executing large orders in DeFi. It works smart by executing an order accordingly to an oracle’s average price over a period of time (currently, it’s Uniswap’s 5-min TWAP). This technology mimics how the centralized exchanges process large orders: split and execute them over a period of time.
To offer a competitive price with nearly 0% price impact, Integral mirrors order-book and AMM from some of the best centralized and decentralized exchanges and create a highly liquidity-rich environment for these large orders to execute.
This is made possible with the OB-AMM. The innovative AMM design unbundles the concept of liquidity to depth (order book depth, AMM shape) and capital (the actual amount of LP asset in the order book or AMM). By mirroring order books from exchanges like Binance and Uniswap, Integral can achieve the same depth with much less capital.
For LPs, Integral uses Trade Delay and price oracle to minimize the impact of impermanent loss. LPs incur sure losses when sure-profit traders (arbitrageurs, front-running, etc.) can trade on Integral. But with Integral’s trade delay mechanism, they can’t be certain that they will make sure profits anymore so that they will trade somewhere else. This gives LPs Mean-0 IL—an IL profile that oscillates around 0.
What is Integral?
Integral is a decentralized application designed to enhance the trading and liquidity provision within the decentralized finance (DeFi) ecosystem. It leverages the Substrate framework, allowing for seamless integration with Substrate runtime pallets, and supports Rust code through its software development kit (SDK). This platform is committed to fostering an inclusive environment, offering equal opportunities for employment and development to all.
As a decentralized exchange, Integral focuses on providing on-chain liquidity and advanced trading tools tailored for DeFi traders and protocols. It has been recognized for its robust hardware and storage capabilities, although there have been some user feedback regarding its software interface. Integral is rapidly emerging as a significant player in the cryptocurrency domain, specializing in liquidity bridging and foreign exchange trading solutions.
Integral introduces a novel DeFi primitive specifically designed to efficiently execute large orders, distinguishing itself as the first in the market with a functional product targeting this segment. The platform was initiated by a pseudonymous, self-funded core team comprising early cryptocurrency investors, startup founders, mathematicians, hedge fund managers, and data scientists. It benefits from the guidance of advisors like Rob Leshner and Tarun Chitra, as well as support from Framework Ventures and Polychain Capital.
What sets Integral apart is its innovative approach to handling large orders in DeFi. It utilizes a mechanism that executes orders based on an oracle’s average price over a set period, similar to the process used by centralized exchanges. This method allows for competitive pricing with minimal price impact. Integral achieves this through its OB-AMM, an advanced automated market maker (AMM) design that separates the concepts of liquidity into depth and capital. By replicating order books from leading exchanges, Integral can offer the same depth with significantly less capital.
For liquidity providers (LPs), Integral introduces mechanisms like Trade Delay and the use of a price oracle to mitigate the effects of impermanent loss. This innovative approach ensures that LPs face a mean-zero impermanent loss profile, making it a more attractive platform for liquidity provision.
Before considering investment in any cryptocurrency or platform, including Integral, it's crucial to conduct thorough research to understand the risks and opportunities involved.
How is Integral secured?
Integral employs a multifaceted approach to ensure its platform's security and integrity, catering to the needs of executing large orders in the decentralized finance (DeFi) space. The security measures Integral adopts are critical in safeguarding user assets and maintaining trust in its innovative DeFi solutions.
One of the primary security features Integral utilizes is two-factor authentication (2FA), which adds an extra layer of security by requiring users to provide two different types of information before gaining access to their accounts. This method significantly reduces the risk of unauthorized access.
Cold storage is another critical security measure Integral employs. By storing a significant portion of digital assets offline, Integral minimizes the risk of these assets being compromised by online threats such as hacking or phishing attacks. This method is widely regarded as one of the most secure ways to store cryptocurrencies.
Encryption plays a vital role in Integral's security framework. By encrypting data, Integral ensures that sensitive information is converted into a code to prevent unauthorized access. This includes personal user information and transaction details, providing a secure environment for users to execute large orders.
Biometric authentication is an advanced security feature that Integral leverages, offering users the option to use biological characteristics, such as fingerprints or facial recognition, as a means of authentication. This method provides a high level of security and convenience, ensuring that only authorized users can access their accounts.
Integral's commitment to security is evident in its continuous efforts to monitor and update its systems. By staying ahead of emerging threats and regularly updating its security measures, Integral maintains a robust defense against potential vulnerabilities.
It's important for users to conduct their own research and understand the security features of any platform before investing in cryptocurrencies. Integral's comprehensive security measures demonstrate its dedication to providing a secure and reliable platform for executing large orders in the DeFi space.
How will Integral be used?
Integral is designed to revolutionize the DeFi space by offering a platform for executing large orders with minimal price impact, a challenge often encountered in both centralized and decentralized exchanges. It achieves this through a unique mechanism that leverages an oracle's average price over a specified period, similar to the time-weighted average price (TWAP) strategy used by centralized platforms. This approach allows for the splitting and gradual execution of large orders, mitigating sudden market movements and offering better price stability.
At its core, Integral's innovative OB-AMM (Order Book Automated Market Maker) model plays a crucial role. This model cleverly separates the concepts of liquidity into depth and capital. By mirroring the order books from leading exchanges, Integral can replicate their liquidity depth with significantly less capital. This not only enhances the efficiency of large order executions but also creates a liquidity-rich environment conducive to these transactions.
For liquidity providers (LPs), Integral introduces a trade delay mechanism coupled with a price oracle to minimize the risk of impermanent loss. This innovative approach deters sure-profit traders, such as arbitrageurs and front-runners, by adding uncertainty to their potential profits, encouraging them to look elsewhere. As a result, LPs benefit from a more stable investment environment where the risk of impermanent loss oscillates around zero, making it a more attractive option for those looking to contribute liquidity.
Beyond trading and liquidity provision, Integral's underlying technology, powered by a Web3 network that combines confidential computing with a Substrate-based public chain, offers vast applications. It supports decentralized applications (dApps), promising scalability and privacy for users. This makes Integral suitable for a range of uses, from cross-border payments and smart contracts to automating bookkeeping and integrating cryptocurrency into business systems, enhancing operational efficiency, financial autonomy, and security.
However, it's important for businesses and individuals considering integrating Integral into their operations to conduct thorough research and consult legal counsel to navigate the complexities of incorporating cryptocurrency into their systems responsibly.
What key events have there been for Integral?
Integral has experienced several significant milestones that have shaped its development and growth within the DeFi space. Among these, the release of their Tokenomics paper stands out as a foundational moment, laying out the economic principles and mechanisms that govern the platform's native token and its distribution. This document serves as a critical piece of communication with potential investors and users, explaining how value is created, shared, and sustained within the Integral ecosystem.
Another pivotal event was Integral's active participation in public slot auctions on Kusama, a key step in securing its place within the broader blockchain ecosystem. This move not only demonstrated Integral's technical capabilities and readiness to engage with cutting-edge blockchain protocols but also its commitment to being at the forefront of decentralized finance innovation.
Integral's Community Growth Series A Round marks a significant phase in its journey, focusing on expanding its user base and strengthening the community that surrounds the platform. This initiative is crucial for fostering a vibrant ecosystem where users actively participate, contribute, and benefit from the platform's growth.
Partnerships have been a cornerstone of Integral's strategy, with collaborations with Ajuna, KILT, and Fractal being particularly noteworthy. These partnerships extend Integral's reach and capabilities, allowing it to leverage the strengths of its allies to offer more comprehensive and innovative solutions to its users.
The platform has also been the recipient of grants for its SubstraTEE extension pack and for advancing Substrate Transaction Privacy using Intel SGX. These grants are a testament to Integral's technical prowess and its contributions to enhancing privacy and security in blockchain transactions.
Integral's release of the Encointer Whitepaper and the initiation of its SubstraTEE journey further underscore its commitment to innovation and its role in pushing the boundaries of what's possible in DeFi. These developments highlight Integral's dedication to creating a more inclusive, secure, and efficient DeFi ecosystem.
It's important for anyone considering investing in cryptocurrencies or engaging with DeFi platforms to conduct thorough research and understand the risks involved. Integral's journey illustrates its innovative approach and commitment to addressing some of the DeFi space's most pressing challenges, particularly in executing large orders efficiently and securely.
The live Integral price today is $0.005531 USD with a 24-hour trading volume of $55,369.45 USD. We update our ITGR to USD price in real-time. Integral is up 3.05% in the last 24 hours. The current CoinMarketCap ranking is #1931, with a live market cap of $1,202,987 USD. It has a circulating supply of 217,514,841 ITGR coins and a max. supply of 300,017,157 ITGR coins.