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Summary
- WHALE is the native Gas asset of Migaloo and utility token in White Whale dApp.
- Migaloo is a permissionless Blockchain built with Cosmos SDK, featuring White Whale Protocol, the first live Interchain Liquidity Protocol in Cosmos Ecosystem.
- Alliance module allows whitelisting tokens to be staked to Migaloo chain, increasing security.
- Small part of newly issued WHALE token will be ascribed to stakers of whitelisted tokens, allowing them to earn staking rewards.
- External stakers pay a small fee when staking to Migaloo chain, redistributed to native WHALE stakers.
- White Whale dApp generates revenue through arbitrage and Inter
About White Whale
In the realm of cryptocurrency, White Whale emerges as a visionary entity, poised to revolutionize the landscape of digital assets.
WHALE assumes the role of the native Gas asset within Migaloo, while also functioning as a utility token in the White Whale decentralized application (dApp).
Migaloo is a decentralized, permissionless blockchain, built utilizing the Cosmos SDK. Notably, it features its flagship decentralized application (dApp), the White Whale Protocol, which proudly stands as the inaugural live Interchain Liquidity Protocol within the Cosmos Ecosystem.
Migaloo is spearheading the innovative Alliance module, which enables the whitelisting of any token to be staked on the Migaloo chain, thereby bolstering its security. A portion of the newly minted WHALE tokens will be allocated to stakers of the whitelisted token, allowing them to reap staking rewards. Meanwhile, “external stakers” will be required to pay a nominal fee when staking to the Migaloo chain, which will subsequently be redistributed to native WHALE stakers. Notably, Migaloo will whitelist Liquid Staking Derivative tokens, such as ampLuna and bLuna, thereby empowering external stakers to secure both their native chain and Migaloo, while earning staking rewards from both ecosystems.
The White Whale dApp, fueled by revenue streams derived from arbitrage and informed by the directional flow of Interchain Liquidity, establishes a robust foundation for the development of vertical and horizontal integrations, ultimately giving rise to a vibrant DeFi ecosystem on Migaloo and, subsequently, evolving into a premier Liquidity Hub within the IBC-Ecosystem.