White Whale

WHALE serves as the native Gas asset of Migaloo and as an utility token in the White Whale dApp. Migaloo is a permissionless Blockchain built with the Cosmos SDK. It comes with its flagship dApp, the White Whale Protocol. The White Whale Protocol is the first live Interchain Liquidity Protocol in the Cosmos Ecosystem. Migaloo is pioneering the Alliance module. The Alliance module allows whitelisting any token to be staked to the Migaloo chain, increasing its security. A small part of the newly issued WHALE token will be ascribed to stakers of the whitelisted token, allowing them to earn staking rewards. “External stakers” must pay a small fee when staking to the Migaloo chain. This fee will be redistributed to native WHALE stakers. Migaloo will whitelist Liquid Staking Derivative tokens, i.e. ampLuna, bLuna, etc., to allow external stakers to secure their native chain and Migaloo while earning staking rewards from both ecosystems. The White Whale dApp, with its revenue generated through arbitrage and gauged direction of Interchain Liquidity, sets the perfect groundwork to build vertical and horizontal integrations resulting in a thriving DeFi ecosystem on Migaloo and eventually becoming a central Liquidity Hub of the IBC-Ecosystem.