Trading

The world's cheapest place to trade spots.

Trading

Integral has enabled trading for all pairs. You can use Integral to trade or single-sided deposit $ETH, $wBTC, $USDT, $USDC, $DAI, and $LINK.

Integral achieves the best execution costs in DeFi per dollar of TVL. With just a fraction of the TVL of our competitors' corresponding pools, we can achieve an equivalent level of liquidity and slippage.

We coined the term "Implied Liquidity" to illustrate the magic of this technology and provide a benchmark for traders to understand this aspect. At the time of writing, Integral's TVL is $260mm, but we offer an equivalent level of liquidity and slippage that a $13B CFAMM (Constant Function Automatic Market Maker) pool offers, making our Implied Liquidity $13B.

User Pain-points

As my stack got larger it was harder to trade on Uniswap, so I had to go to Binance.

~ Quote from a medium DEX trader with $100k+ stack

Cost Breakdown* of a $100k trade

Platform

ETH-USDC

ETH-DAI

ETH-wBTC

ETH-USDT

Uniswap

$407.33

$469.99

$379.10

$424.00

Binance

$255.05

$485.41

$178.38

$174.42

Integral

$131.68

$208.47

$106.13

$104.81

*Total Trading Costs = Fee & Spread + Slippage + Gas. A detailed breakdown is below.

Detailed trading costs breakdown for each pair

ETH-USDC

Platform

Fee & Spread*

Slippage**

Gas***

Total Cost

Binance

$100.00

$107.05

$48.00

$255.05

Uniswap

$300.00

$83.33

$24.00

$407.33

Integral

$100.00

$35.68

$96.00

$231.68

ETH-DAI

Platform

Fee & Spread*

Slippage**

Gas***

Total Cost

Binance

$100.00

$337.41

$48.00

$485.41

Uniswap

$300.00

$145.99

$24.00

$469.99

Integral

$100.00

$112.47

$96.00

$308.47

ETH-wBTC

Platform

Fee & Spread*

Slippage**

Gas***

Total Cost

Binance

$100.00

$30.38

$48.00

$178.38

Uniswap

$300.00

$55.10

$24.00

$379.10

Integral

$100.00

$10.13

$96.00

$206.13

ETH-USDT

Platform

Fee & Spread*

Slippage***

Gas***

Total Cost

Binance

$100.00

$26.42

$48.00

$174.42

Uniswap

$300.00

$100.00

$24.00

$424.00

Integral

$100.00

$8.81

$96.00

$204.81

*Integral currently charges a 0.1% trading fee.

**Slippage data are estimates.

What's the catch for traders? A 5-minute trade delay.

In order to bring about, quite literally, guaranteed world's best liquidity, traders will have to wait an extra 5 minutes on top of the usual ethereum confirmation time. This trade-delay is essential to our design.

For comparison: Uniswap: mining | Integral: mining + 5 min | Binance: 30 minutes to deposit and withdraw

From an intuitive trader UX perspective:

  1. A trader clicks "swap" and sends the order.

  2. The order is sent into a queue to wait for execution.

  3. The wait time is 5 minutes, during which the trader's order sits there and does nothing.

  4. At the end of the 5 minutes, the order is executed at the average Uniswap price over 5 minutes.

You can learn more about Trade Delay here: