Professor JEY offered a glimpse of Integral's future in response to our advisors at Framework Ventures.
Integral has always been building for the Year 2040.
We believe that in the Year 2040, every person in the world will have a crypto wallet that contains at least 20% of their personal wealth. Crypto will be legal. Any activities that can be done now in traditional finance (payment, lending, investing, insurance, etc.) will be done on a comparable scale in Defi. There will even be major emergent applications that traditional finance doesn't currently have (world central banking managed by algorithms and voting etc.).
In the world of 2040, Integral will be a go-to liquidity pool for global consumer interfaces (the future versions of Facebook/Alipay/Visa). Integral tokens, ITGR, will be chiefly co-owned and governed by these consumer interfaces. Integral is the protocol that they co-own and use to source liquidity from LPs. LPs will earn trading fees. LPs may also choose to own ITGR in order to influence policies in their favor when dealing with these consumer giants. Billions of consumers will even indirectly route their trades through the fully decentralized Integral protocol without knowing it.
To imagine the future of tech, we can first look back in history. We most admire the pioneers of 1970s Silicon Valley. Back then, the whole computing community was divided into 4 groups:
people who'd never touched a computer
geeks who were passionate about learning new concepts and building a computer
consumer-facing companies which shipped great product (sadly most of them died in the history)
labs/technology-driven company which made terrific components such as the Intel 8080 CPU.
This is precisely what the crypto world looks like right now. We are currently discussing IL or No IL, with the same enthusiasm as geeks discussed circuit boards 50 years ago. This is incredible! Because of early adopters like you and us, consumers right now don't need to know anything about circuit boards, they just go and buy a perfectly sealed Mac. What came out of these discussions materialized into infrastructure companies like Intel, building infra-level components that have a profound effect on society.
This is exactly what we aspire to be—building components that will keep empowering the Defi revolution for the next 20 years.
This is not always easy. As JFK once said, "your successes are unheralded — your failures are trumpeted." But we are fully committed and excited for this magical journey, and we are so happy that you will be joining us!
Upgrade our AMM with the newly developed algorithm based on our research of optimal quadratic solver.
Enabling trading and single-sided deposit for other pools (ETH-USDC, ETH-USDT, ETH-DAI, ETH-wBTC). (done)
Launch more Defi Blue Chip pools.
Commence our first aggregator integration.
Build and deploy the token, vesting, and staking contracts.
List ITGR on a major exchange.
A bit beyond May
Start porting Integral AMM designs to L2 environments.
Commence integrations with Chainlink as an oracle.
Yes, drop a quick note to @ProfessorJEY on Twitter.
Integral.link is an AMM-based DEX that mirrors liquidity on other top exchanges and provides best trading execution. In its final form, Integral aims to provide the best liquidity among all centralized and decentralized exchanges.
Here's how we are building The Last DEX. Not just another DEX.
9 months ago, our innovative liquidity concentration feature was called "very interesting" but "un-validated". We were the underdog and no one seriously believed in us.
But lately, our design was validated by the Uniswap V3 announcement because liquidity concentration turned out to be their main feature. It turns out that we are not crazy, and as a reward, we will be the 1st DEX to have liquidity concentration in a very similar fashion to V3. Our mainnet is rolling out a full month ahead of V3.
Today, our innovative trade delay and liquidity mirroring mechanism are again called "fascinating concepts" but "un-validated". We are again the underdog.
But this time, we are not alone anymore. We now have a devoted base of 360 die-hard volunteers to help us, and a list of IQ140 Defi leaders to seriously advise us:
Robert Leshner, Compound
Tarun Chitra, Gauntlet
Michael & Vance, Framework Ventures
Olaf Carlson-Wee, Polychain Capital
Why not back a successful, proud underdog. It's the way to 10,000x.
Never underestimate an underdog.
Never. Under. Estimate. Integral.
Yes, we prefer to stay pseudo-anonymous. This means that our identities are known to our close collaborators and advisors, but we won't be using our personal names in public.
Just like you, we believe that privacy is an important foundation of the new financial system. And we think that our choice has proven to be the right path towards creating public credibility without endangering private freedom.
We will be sticking with this decision before and after the Integral Protocol is fully decentralized. As Integral becomes fully decentralized, team identity becomes completely irrelevant.
On principle, for any inquiries such as "Is XXX on the Integral Team", the answer is always "No", regardless of the situation. And if you do not feel comfortable with pseudo-anonymity, we suggest that you stay away from Integral tokens until perhaps a later time. We welcome you to use our products.
For God's sake, Bitcoin's founder is anonymous. Plus, we like that @professorJEY is a charming personification of the best qualities of our whole team.
Please check here.
Many of our advisors have retweeted our contents. There will be many more interviews and features articles coming out.