Integral, a new DeFi primitive that executes large orders, has announced the launch of Integral SIZE, a decentralized exchange (DEX) built for whales and large cryptocurrency trades.
The custom-built DEX is specifically designed for the execution of large orders on blockchain and enables traders to execute orders at a 30 minute time-weighted average price (TWAP), minimizing a large order's price impact and resulting in price improvement.
Integral SIZE is built by Integral, a team of mathematicians, financial engineers, and coders, which also make up the team behind Integral FIVE. The Integral co-founder, who goes under the pseudonym 0xDorsal, noted:
“Before Integral SIZE, it was not economical to perform TWAP on-chain since order-splitting would rack up gas fees. Until now, TWAP has been exclusive to centralized exchanges, despite the volume of large order trades on decentralized platforms. SIZE offers a new approach to swaps, delivering the same price-impact-savings as physical TWAP, without the need to manually split orders and pay extra fees. Whether you are a long-term investor, a HODLer, a day trader, or a farmer, we believe SIZE is the premier DEX to perform DeFi functions.”
He added:
“Integral provides professional tools for the DeFi trader, and we have a profound history of serving whales. We see SIZE as the last missing piece to this puzzle of on-chain execution of large orders, and we're excited to see SIZE bring large order volumes from centralized exchanges to DeFi.”
Integral is also unveiling a number of unique incentives for users who interact with Integral SIZE:
- Liquidity Provider Rewards: Beginning March 24, Integral is commiting ITGR token rewards to liquidity providers on SIZE. Rewards will be calculated using a bonus multiplier commensurate to the protocol’s governance token staked.
- Trading Rewards: Beginning March 27, Integral is implementing a trading rewards program that will run for 6 consecutive weeks. Traders will be rewarded with a proportionate amount of ITGR tokens from the rewards pool according to their trade volume. ITGR token rewards will be distributed on a weekly basis. The bonus multiplier design will also apply to trade reward allocation.
With the global number of cryptocurrency users more than doubling since January 2021, Layer 2 solutions have emerged to provide an alternative to the Ethereum network, and according to the Whale Analyst Report, trade activity across leading DEXs has skewed towards whales.
