Terra-based arbitrage platform White Whale participates in Astro Wars, a battle to accumulate the most vxAstro. White Whale has bought Astro for $3.5 million and will join the lockdrop on the governance tokens.
Astro Wars is a battle where the project that accumulates the most vxAstro gets power over Astro token incentives. The top five players in this battle are Reactor, Retrograde, Orion, Spectrum, and Apollo. $ASTRO is Astroport’s governance token, giving players $xAstro while earning fees generated by the protocol. Additionally, these tokens can be further blocked to get $vxASTRo, which is a non-transferrable token but gives holders additional benefits based on the blocking period, such as: B. Additional trading fees and increased governance powers.
White Whale bought Astro with $3.5 million out of his coffers and decided to split it evenly between Apollo and Retrograde. The White Whale team emphasizes that the 50/50 split will provide the ultimate competitive advantage by hedging both token risk and governance power. The project will receive Retrograde Phase 2 lockdrop tokens and a private sale allocation of Retro tokens from Astro due to its commitment. To receive Apollo governance tokens, White Whale will conduct a treasury swap and participate in Apollo’s lockdrop.
White Whale’s Astro Wars strategy:
- 500,000 Astro with Retrograde, 500,000 with Apollo
- Retro Phase 2 Lockdrop – a 10% share of Retro Supply
- Private Allocation – 1M retro tokens for 100,000 @ 100M valuation
- Apollo Lockdrop – a 5% stake in Apollo Supply
- Treasury Swap – 1 million whale tokens for 100,000 Apollo
White Whale’s decision to participate in Astro Wars allows the project to prepare to move some of its protocol-owned liquidity to Astroport. The project will deposit 46,000 luna in its treasury in the Luna/bLuna pool to earn fees and astro bounties for the treasury. Additionally, all Luna are deposited into Luna LP pairs to earn a base yield to prepare for White Whale’s Luna Vault. Finally, many of the future arbitrage vaults will leverage Astroport liquidity pools for underlying return, so it will be beneficial for White Whale to have the ability to funnel rewards to the pools that benefit its platform.
For more information on White Whale’s participation in Astro Wars, visit www.astrowars.com Middle.
About beluga
White Whale is a Terra-based arbitrage platform that provides retail investors with access to high-level arbitrage opportunities and helps support the Terra ecosystem. It allows users to maintain UST pegging via L1 seigniorage arbitrage and participate in other complex automated trading strategies previously reserved for a limited group of whale traders.
To learn more about White Whale, visit https://www.whitewhale.money/
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Disclaimer: This is a paid post and should not be treated as news/advice.
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