Migaloo (WHALE) Staking

About Whitewhale (Whale)

White Whale is an interchain liquidity protocol operating within the Cosmos ecosystem, aiming to stabilize prices across Inter-Blockchain Communication (IBC) networks by connecting liquidity pools and enabling decentralized market-making. The platform empowers users to participate in arbitrage opportunities and liquidity provision, contributing to market efficiency and price stability.

What Makes White Whale Special?

White Whale introduces several innovative features that distinguish it in the blockchain landscape:

• Interchain Liquidity Infrastructure: By connecting liquidity across multiple Cosmos-based blockchains, White Whale addresses the issue of fragmented liquidity and unstable pricing, enhancing capital efficiency and market stability.
• Flash Loans and Open-Source Bots: The platform offers flash loans and open-source arbitrage bots, lowering the capital and knowledge barriers for users to engage in liquidations and arbitrage, thereby democratizing access to these opportunities.
• Decentralized Market Making: White Whale decentralizes market-making activities, allowing retail users to "be the whale" by participating in arbitrage and liquidity provision, which contributes to price stabilization across the IBC.
• Multi-Chain Deployment: The protocol is deployed across various Cosmos chains, including Migaloo (its home chain), Osmosis, Juno, Terra, Injective, Comdex, and Chihuahua, facilitating widespread access and participation.
• Open-Source Development: White Whale's core contracts and frontend interfaces are open-source, promoting transparency and community collaboration in the development and enhancement of the protocol.

Whitewhale Staking FAQ

How much can I make staking WHALE?

The return from staking WHALE varies based on the network's overall staking participation and specific validator commission

When can I start earning rewards with WHALE?

You can start earning staking rewards once your WHALE tokens are successfully delegated to a validator

Can I sell WHALE while it is locked up?

Staked WHALE tokens cannot be sold, they need to be unstaked first. The unstaking period for WHALE is 21 days

What are the risks around staking WHALE?

Staking WHALE comes with risks like slashing (penalty for a malicious validator), price volatility, and liquidity risk (inability to sell during the lock-up period).

What consensus algorithm does Whitewhale use?

Whitewhale is based on the Cosmos SDK and CometBFT proof-of-stake consensus protocol.