The symmetric orbifold of T^4, Sym_N(T4),
is dual to tensionless string theory on AdS3 x S3 x T4 with one unit of
NS-NS flux. In this talk I will study the deformation of the symmetric orbifold
theory that corresponds to switching on R-R flux (and hence the string
tension) in the bulk. Working in the planar large N limit as well as the
limit of large twist, I will explain how the deformation can be
explicitly described, in the symmetric orbifold, by a dynamical spin chain that seems to be integrable. Among other things, this allows us to give explicit predictions about the anomalous conformal dimensions of all multi-magnon states.
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