It has been some time since White Whale officially launched on Terra (Luna) Network before the network collapsed causing it and many other protocols on it to suffer heavy losses which has led us to one of the largest Crypto Winters to have ever occurred.
I provided a White Whale Review not too many months ago which explored many of the promising features the protocol was delivering including the implementation of V-assets that had some really strong benefits especially for periods of down turn such as the one we are in now.
Unfortunately due to Terra (Luna) Networks collapse not much of it eventuated but the protocol didn't give up hope and has continued to develop and rebuild out of the current crypto recession and into success.
Although White Whale isn't giving up and are progressing on a new model which we will discuss a little further below they are paying tribute and memorialising the epic crash of Terra (Luna) Network.
White whale has developed a NFT collectables consisting of 10,000 items with 109 separate traits which was part of their initial NFT collections called Guardian Whales but have been renamed Fallen Whales and will be air dropped to all those who participated in staking tokens or providing liquidity.
Recently announced on White Whale official Twitter account is the launch on White Whale 2.0 known as MIGALOO which will now see White Whale expand far beyond the Terra 2.0 network and provide arbitration opportunities for investors right across the cosmos ecosystem that is rapidly growing each day.
Why is this good news? Well as White Whale puts it in their medium blog due to the Cosmos ecosystem being so large with multiple chains enabling a lot more decentralised exchanges and liquidity pools to be developed many are fragmented and suffer price volatility.
It can be hard for normal investors to remain across the fragmentation but utilising White Whale solves a large number of these problems creating a central point for all liquidity pool arbitration.
White Whale provides an analysis on how implementing bot arb pools can help support trading and see White Whale gain significant trading fees and arb wins by specialised pools that will act as a central pool that bots will be attracted to and utilise.
The pools above are called Bot First Pools (BFPs) and enable the white whale protocol to trade into or out of securing price stability and profits.
Flash loans will also be provided to the bot from the protocol that will enable it to borrow against its own liquidity to purchase at a lower price and then sell into the higher value for a profit and inturn paying off its own debt and providing a win for investors.
By developing their own smart bot the trade the market White Whale remains one of the projects I have followed closely as unlike many other projects it continues to plan and develop against current market conditions.
Rather than just providing a liquidity protocol that people wait for a price crash to liquidate White Whale captures a whole new market of price volatility.
Do this create a more riskier investment opportunity? well that is a decision only you can make and for the rest of us to see how it plays out. exciting times a head!
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