San Francisco, June 30, 2022 (GLOBE NEWSWIRE)-Integral SIZE, a decentralized exchange (DEX) custom-built for large cryptocurrency transactions, today integrates with Gnosis Safe, a smart contract multi-signature wallet. Was announced. Additional support from Gnosis Safe provides SIZE users with enhanced multi-signature capabilities, significantly improving the efficiency and security of bulk order transactions. IntegratedSIZE in combination with GnosisSafe is a one-stop solution for DAOs to store, fund and trade by eliminating price impacts and permanent losses with a 30 minute time-weighted average price (TWAP). Provides seamless DeFi interaction.
Within DeFi, DAO continues to emerge as one of the most influential forms of whale traders, conducting bulk order transactions to generate passive income for DAO members. However, DAO still faces two major challenges. It’s about keeping your money in a safe place and trading your assets efficiently. The first challenge was partially solved by a multi-signature wallet like GnosisSafe, but most DAOs are used by retailers who don’t provide the right infrastructure to effectively facilitate large-scale transactions. I’m using the same DEX that I do. A shortage of CFAMMs and professional market makers also often results in inadequate on-chain liquidity to facilitate large-scale DAO transactions. This is especially true for cases like SushiDAO, which oversees the popular decentralized exchange SUSHI. Over the past nine months, transaction costs, including price impacts, have lost $ 66,000 of the $ 11 million transaction volume.
As a result, DAO pivots to the DeFi aggregator. However, the aggregator workflow is not compatible with Gnosis Safe and requires a predefined number of signatures to confirm the transaction. As a result, an estimated 90-95% of these multisig transactions can fail due to the signature required before the market price times out.
Gnosis integration helps Integral SIZE continue to bring significant savings to traders with safer and more efficient capacity. Additional support from Gnosis seamlessly complements Integral’s workflow and helps DAOs and other whale traders benefit significantly from the ease with which they can sign contracts and execute transactions in a timely manner. Once signed, the swap will start and run at the time-weighted average price of 30 minutes. Theoretically, there is no transaction expiration date. Protect all transaction amounts in the most efficient way possible.
SIZE allows DAOs to manage their financial and on-chain liquidity more efficiently. Due to the effects of Integral’s 30-minute time-weighted average price (TWAP) and zero price, SIZE can save a considerable amount of money to traders when facilitating bulk orders.
According to an internal analysis conducted by Integral, traders have lost $ 3.6 million in price impact on a total of $ 359 million in BIT-ETH transactions over the past nine months. You can save this money if BitDAO expands half of its liquidity to SIZE with zero impact on users’ prices. In addition, DAOs that use SIZE do not need to actively manage their liquidity positions as they do in Uniswap v3. Integral size provides a one-click liquidity management solution that enables DAOs to enjoy centralized liquidity in a seamless way.
SIZE also provides the altcoin that whales want, without the drawbacks of Miner Extractable Value (MEV) attacks that add significant time to trading. Because MEV bots rely on the ability to execute multiple transactions within one or more subsequent blocks, sell to traders at the worst acceptable price, and eliminate all easy opportunities to make a profit. Time is important but underestimated.
“We are thrilled to see Integral SIZE in GnosisSafe,” said Integral co-founder under the pseudonym 0xDorsal. “Large traders, whales and DAOs need a platform that is customized to their needs and incorporates the best features. With Gnosis Safe, SIZE brings it to its users and is a big executive. It will continue to rise as the best decentralized exchange for order trading. “
Integral was also selected as the first group of Safe Guardians in connection with the integration of Gnosis Safe. This group of carefully selected projects represents active members of the Safe community working on the SAFE ecosystem and protocols and helps facilitate the adoption of smart contract accounts.
With a 30-minute trading delay, Integral SIZE eliminates that risk and provides DAOs and whale traders with a truly decentralized exchange, facilitating trading free from the most notorious DeFi pitfalls.
To start trading at SIZE, go to https: //integral.link/.
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About GNOSIS SAFE
Gnosis Safe is a Web3 safety standard and the most trusted platform for managing digital assets for individuals and communities on the EVM compatible chain. This is a programmable account that allows users to control their digital assets with much finer-grained permissions, starting with multiple signatures (multisig) as baseline permissions. Gnosis Safe today stores approximately US $ 90 billion worth of digital assets.
Integral is a global team of engineers, mathematicians, growth leaders and early crypto investors. Our mission is to establish DeFi as the standard for global trading and ensure that large crypto trading is carried out on the chain and the future of finance remains decentralized. Integral size is the only DEX focused on executing bulk orders, allowing knowledgeable traders to trade sizes on DeFi. With an average order size three times that of the major DEX, Integral SIZE allows crypto traders to place large orders with 100% TWAP on the chain with zero price impact.