White Whale supports this proposal for Terra 2.0. We understand that it is impossible to make everyone happy in this situation and the proposal will never be perfect, however all things considered we are in agreement with the other builders that this is a viable path forward.
Today is a big day for Terra. As of right now, with our vault open, anyone can contribute to keeping the UST peg with one click. In other words... we have decentralized the enforcement of the peg.
This is a historic moment for Terra. The peg will be restored, it's just a matter of time, and trust will be restored as investors see the builders making the necessary changes that were brought into the spotlight during this crises.
🚨Alpha Friday🚨
Our current plan is to have 3 airdrops for the $luna community:
1. To Luna Stakers
2. To Anchor depositors
3. Let's just say it's not what you are expecting... 🔥
#BeTheWhale
vUST is coming....
So what is vUST?? It is the liquid token you receive when depositing UST into the White Whale UST Arbitrage Vault, the same as receiving aUST when depositing UST into Anchor. The yield of vUST can be shown as such: vUST = Anchor Yield + Arbitrage Profits.
The Terra blockchain has been halted. We are proud to say that our platform and bots ran at full capacity all the way to the end. We did everything we could, unfortunately it wasn't enough. We want to thank all of you who honorably fought with us.
The Terra blockchain has officially halted at block 7607789.
Terra Validators have halted the network to come up with a plan to reconstitute it.
More updates to come.
We have received our first audit report, it has come back clean. We are working on addressing the recommendations in the report now. Soon, we will open our UST vault, and for the first time the community will have the power to defend the peg.
$luna
#BeTheWhale
We have separated Anchor APY from vault APR earned from arbitrage on the UST vault. We also have added a transaction reel showing all the arbitrage trades from our bots.
We are excited to announce that public beta is now open for White Whale V2 aka Project Migaloo! Contracts have been deployed and are now active on both
@terra_money
and
@JunoNetwork
networks
The $WHALE BOOTSWAP IDO will begin on 12.12.21 at 12:00 am EST and continue for 72 hours until 11:59:59 EST on 12.14.21. Instructions on how to participate will be posted here on our official Twitter account prior to the start of the event. Lessgo!
#BeTheWhale
#FtheBots
The unassigned WHALE tokens leftover from the seed, private, and advisor rounds, totaling 48,276,000, nearly 5% of total supply, have been burned.🔥
trx hash: 535C7B662F261C40BB0E1341097E41157FA177EA8A47B2E6A541D9EB44CA767E
Our product is arbitrage. We are distilling complex automated trading strategies down to a simple, user friendly process so you can benefit from them while simultaneously helping secure the ecosystem and make it more efficient. This is what we will deliver soon.
🧵
We like Olympus DAO and believe their innovation has improved DeFi, but we are not an OHM fork. In fact, we are the furthest thing from a fork of anything. White Whale is an original, unique idea. We are a protocol coded from scratch by and for the Terra community.
The $6,077,000 UST in the Treasury has been deposited into Anchor Protocol to maximize the Treasury's capital efficiency. This is in addition to the $20 million liquidity pool also owned by the Treasury which is earning trading fees. Treasury staking and rewards coming soon.
Everyone who participates in the BOOTSWAP will be airdropped an nft certificate after the event... save it for your grandchildren, give it to them when you tell the story of how you obtained generational wealth.
#BOOTSWAP
#BeTheWhale
#FtheBots
$SAIL Airdrop 🪂
The campaign is already visible on the
@coinhall_org
UI!
Check your token allocation here, by connecting your $OSMO Wallet:
Migaloo Missions:
$OSMO voters:
Claiming starts in 3 hours and 15 minutes.…
Hard evidence suggests this was an intentional attack on our network. Make no mistake, they want to destroy you and steal everything you have. Make your own decisions, but it is not in us to surrender, nor to bow to our enemies.
Peg Update: The $UST peg broke on-chain a few hours ago. At this time, we saw our peg defender bots wake up and start to see some activity. They are not tied into our dashboard, on a different contract, but you can see them here:
Our devs worked very hard on our Smart Contracts. We open sourced them today so that whatever may happen there exists a public framework for decentralized peg enforcement. It's bigger than us, and we are pleased to make this contribution to the community.
We are pleased to announce that
@osmosiszone
prop 708 passed (and executed), funding
@Sail_DAO_
with 3.5 million OSMO. This is a landmark moment for both Migaloo and Osmosis, jointly creating the first Liquidity DAO on Osmosis. The Sail DAO treasury also holds 10 million WHALE,…
Statement regarding Kucoin tweet on the 29th.
TLDR: we were rugged out of 'listing fees' by a fake Kucoin team. We have remedied the financial impact, but we want to come clean about what happened. So here is the whole story, raw and vulnerable.
$UST peg tight as a drum during the flash crash, maybe the ecosystem doesn't need a White Whale... what do you think? Should we stop building and convert over to something that's actually important, like cartoon animal jpegs?
On Friday, we will airdrop the entire "Fallen Gaurdians" NFT collection to the original White Whale community. While the collection will be launched on Terra V2, it will be the first ICS721 collection that we are aware of... meaning these will be the first IBC enabled NFT's.
As Pylon utilizes lossless yield farming, there will be no KYC requirements, everyone can participate in this launch event. We believe this is a great opportunity to accumulate a long term bag of $WHALE... starting Monday.
👀 If you participated in the BOOTSWAP, Santa may have airdropped something into your wallet. NFT certificates have shipped. Merry Christmas from the White Whale team! 🎅
Our bots are running at 100% uptime and our node infrastructure is as well, we will continue to arb UST back to peg as long as there is something to arb. Join us if you wish, at your own risk.
Was today the first major coordinated attack on $UST? Maybe.
Will it be the last?
Probably not.
Will lunatics continue to defend the peg no matter who or what comes at us?
Damn right we will.
#KeepThePeg
today's attack on Terra-Luna-UST was deliberate and coordinated. Massive 285m UST dump on Curve and Binance by a single player followed by massive shorts on Luna and hundreds of twitter posts. Pure staging. The project is bothering someone. 🌝 on the right path!
Here is the official Mission List for the Sail Airdrop ⛵️🪂
1️⃣ Stake 1k native $WHALE
2️⃣ Bond amp/boneWHALE to our
@Migaloo_Zone
Satellite Market (Level 1: 1k/ Level 2: 25k amp/bWHALE )
3️⃣ hold in your wallet:
#arbWhale
, (Level 1: 1.5k; Level 2: 15K)
4️⃣ hold in your wallet…
Oh Terra, how will we arb thee, let me count the ways...
1. UST peg
2. Luna/bLuna
3. Other stables
4. mAssets
5. New derivatives (pLuna, yLuna)
And let's not forget all the wonderful arbitrage opportunities that will open through wormhole and the IBC 🔥🔥🔥
In the last 24 hours the Treasury has accumulated approx $10k in swap fees. Soon DeFi will understand the power of owning your liquidity pool. Instead of an emissions leaking burden it becomes a sustainable growth engine for the protocol.
$WHALE
#BeTheWhale
Our
@JunoNetwork
Airdrop is live! 🪂🎉
Claim it here:
As with every other Airdrop, the claiming period will be 30 days.
Other chains will follow shortly!
The spread is an important mechanism at the core of Terra but right now it seems to be the limiting factor for arbers trying to arb UST back to peg. Regardless, the base pool will replenish in time and as it does UST will be arbed back to peg. Do not panic, wagmi.
It is clear that WHALE holders are voting on the Star Terra event with their wallets. We hear you. We are putting the Star Terra decision on hold for now. If we choose to go through with a Star Terra event, it will be decided by WHALE holders through on chain voting. Thank you.
🚨 We are pleased to announce that for the first time, an IBC asset has been staked to a different Cosmos blockchain via Alliance. Today, our core dev
@0xFab1e
successfully staked bLuna to the Migaloo blockchain! 🚨
White Whale is an arbitrage platform built on Terra that enables retail investors to arb $UST back to peg utilizing the L1 onchain seniorage method. $luna
If nothing else, today showed how passionate and engaged our community is, especially this early in our development. We are trying very hard to be responsible with our tokenomics, and our commitment is to WHALE holders. This is only the beginning, and the future is very bright.
There is much more, and we will publish a full debrief at the appropriate time, but for now let's focusing on healing and remaining positive, lots of hurting lunatics out there today. Be encouraged. The future of Terra is bright. This is not the end, it is the beginning.
Pylon Pools for $WHALE will open at 13:00 UTC on Nov 22, rewards will begin accumulating at 13:00 UTC on Nov 23. There are no requirements to be able to deposit and no limits on how much UST you can deposit.
To participate:
5 Year Inflation Projections for $WHALE. We are built different. Our goal is to keep inflation low and disciplined while at the same time distributing tokens fairly to engaged users and long term holders. Disclaimer, some data points are estimates and subject to change
Hear me out... what if new protocols building on Terra began to form strategic partnerships that included bootstrapping each other's Protocol Owned Treasuries through allocation swapping?
If you are a project with a derivative token that's having trouble keeping peg, reach out to us. We've been working with a few teams already.
And yes we're still arbing UST as much as we can... we're currently just limited by the mint/burn parameter limits and spread.
The most imminent threat to UST is not the regulators but those in the cryptoverse who are beholden to centralized stablecoins. Today they attack with tweets... who will defend the peg when they deliberately attempt to capsize it through more deliberate actions?
Regarding Kucoin:
1. We are currently pursuing a Kucoin listing and in the application process
2. Our listing has not yet been approved and we do not know if/when it will be
3. The WHALE token that was just announced as being listed on Kucoin is an ERC20 token and is not us.
🧵
⛵️Sail it back! Voting is live for
@osmosiszone
prop 708. Same proposal as 702: Sail DAO with corrected execute messages. Note: Data from 702 will be used to distribute airdrop.
We are pleased to announce that White Whale is now running a validator on
@JunoNetwork
. We look forward to engaging in governance and actively contributing to the development of this burgeoning network, as we have done with Terra.
If the network does fall, then we will join the community discussion about next steps, forks, migrating chains, etc... there is always a path forward, but for now we will continue to fight to save this one, as we believe it is worth saving.
For example, one of the most apparent issues is that the rapid growth and proliferation of UST has increased peg vulnerability off-chain. Protecting UST just on Terra is not enough anymore, we need to protect it everywhere it has liquidity.
We are now running a validator on the new Terra blockchain. White Whale has always been a community focused project and we will continue to serve the Terra community in new and exciting ways. Please consider supporting us by redelagating some of your Luna our way.
We have officially open-sourced our arbitrage trading bot! Any developer can now execute arbitrage utilizing our open source flash loans and arbitrage bot with no capital requirements.
Our mission is to give the Community the tools to defend the $UST peg, not just against market crashes, but also against deliberate and intentional attacks.
On this Alpha Friday, we are proud to announce that White Whale has joined the Terra Charity Alliance
@TerraCharity
. Users of our platform will be given the option to donate a portion of their rewards to charity through
@angelprotocol
.
$LUNA $UST $WHALE