White Whale V2 Beta Launch!. We launch our liquidity pools and flash… | by bobloblaw | White Whale
Introducing our Liquidity Pools and Flash Credit Vaults on Terra 2.0 and Juno
Within a few months we completely redesigned our product, customized our smart contracts and shifted our focus from a single-chain dApp to an interchain Cosmos Ecosystem dApp. We are very happy to announce that the first version of our product is live on the Terra & Juno mainnet.
Live App: https://app.whitewhale.money/pools
Read our whitepaper and listen to our Twitter section with Tendermint Timmy!
We plan to launch White Whale V2 gradually. With the iterative approach, we receive constant feedback for improvement rather than all of the feedback at once during a single rollout. We chose this approach in order to be able to react flexibly to the constantly changing interchain development environment in the Cosmos ecosystem.
Iteration 1:
We’ve deployed our liquidity hubs (AMM pools and flash credit vaults) on Terra and Juno, with more chains to come over the next few weeks. The liquidity centers are the first step in providing an arbitrage infrastructure for the cosmos. The liquidity pools are pools that our future open source arb bots will interact with to arrange arb DEXs (Junoswap, Loop, Astroport, etc.).
We will start with the following base pairs:
Atom manager
Atom—Juno
Atom—USDC
which will be available in every chain.
On Juno we add the following pairs:
- Juno—Raw
- Juno – loop
- Juno—USDC
On Terra we add:
- Luna—LunaX
- Moon – Astro
- Manager—USDC
Juno Network: Juno vault for individual assets
Terra 2.0: Luna single asset vault
Pool and Vault Fees: 0.3% (0.2% to liquidity provider + 0.1% protocol)
Log fees just accrue until we have a token to distribute log revenue to.
White Whale (WW) infrastructure (AMM liquidity pools, flash loan vaults, and open-source bots) is critical to the health of any DeFi ecosystem. We have officially provided two of the three requirements for arbitrage. We now offer capital and opportunities on Terra and Juno. We will also provide knowledge soon.
The WW Liquidity Pools (LPs) offer traders the opportunity Opportunity to benefit from different prices between the Dexes on Terra and Juno. Without WW’s AMM pools, there would be no opportunity for atomic (instantaneous) arbitrage, otherwise an IBC transaction is required for the arb.
WW Flash Credit Vaults provide arbitrageurs and liquidators with instant access Capital city to do the arbitrage. Access to short-term debt capital eliminates the need for each arbitrageur/liquidator to idle their own capital waiting for arbitrage or liquidation opportunities, thereby increasing capital efficiency. All participants can share the same WW pool. You can find a detailed description in our Litepaper.
WW will take care of that To know Arbitrage easy to implement by releasing open source arb bots that anyone can access.
If you are interested in arbitrage, smart contracts, flash loans, etc. check out our open source Migaloo core repository.
Gathering of Guardians
We envision a future of greater capital efficiency and price stability across all major money markets in the cosmos. Over the past few months we’ve laid the groundwork for that vision, and now we’re gathering our community members to arm us with the critical piece that’s still missing to make that vision a reality: liquidity. We know the market for liquidity is very competitive, but we are working hard on an incentive structure that is fair to all and rewards both early donors and longtime White Whale supporters. Our liquidity incentive plan will be announced in the near future. So stay tuned.
What’s next
Our team is already working on the next iterations of our final product: the inter-chain liquidity module, which will enable seamless liquidity flow between liquidity hubs in different chains to go where it is needed most and our open source -Arbitrage bots. We will keep pushing and innovating to enrich the entire cosmos. See you on the other side.
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