@WhiteWhaleTerra has launched LBP sale of their $WHALE token.
You are probably wondering, what is a good price to buy.
May I help with that?
π§΅π
/1
You are probably wondering, what is a good price to buy.
May I help with that?
π§΅π
/1
https://twitter.com/WhiteWhaleTerra/status/1469895392649224194
LBP is not exactly the only place to get your hands on the $WHALE token - there is another one!
That place is @pylon_protocol Gateway:
gateway.pylon.money/tokens/whale
There are 3 pools available - 6M, 12M and 18M.
Let's take a closer look at them.
/2
That place is @pylon_protocol Gateway:
gateway.pylon.money/tokens/whale
There are 3 pools available - 6M, 12M and 18M.
Let's take a closer look at them.
/2
Total $WHALE available in the pools and total $UST deposits are:
18M - 32.5M $WHALE - 5.0M $UST
12M - 12.5M $WHALE - 5.5M $UST
6M - 5.0M $WHALE - 6.75M $UST
Based on that - and assuming Anchor Earn as the opportunity cost - we can calculate the price of $WHALE in Pylon.
/3
18M - 32.5M $WHALE - 5.0M $UST
12M - 12.5M $WHALE - 5.5M $UST
6M - 5.0M $WHALE - 6.75M $UST
Based on that - and assuming Anchor Earn as the opportunity cost - we can calculate the price of $WHALE in Pylon.
/3
Cutting to the chase, the prices are:
18M --- 0,04494 $UST
12M --- 0,08592 $UST
6M --- 0,13136 $UST
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18M --- 0,04494 $UST
12M --- 0,08592 $UST
6M --- 0,13136 $UST
/4
I have additionally reverse-engineered the APR calculation of Pylon and figured that the APRs shown assume the base $WHALE price of ~0.05 $UST.
That's another hint beside the one above.
/5
That's another hint beside the one above.
/5
Now, there are 2 things worth remembering:
- LBP is a swap - you get your tokens immediately, your $UST is gone
- Pylon Pools have a lockup period, but you get your $UST back at the pool maturity
Considering this, I predict the market price to be north of $0.13.
- LBP is a swap - you get your tokens immediately, your $UST is gone
- Pylon Pools have a lockup period, but you get your $UST back at the pool maturity
Considering this, I predict the market price to be north of $0.13.
Feel free to check the math and do your own calculations using my "Terra Tools and resources" Google Sheet:
docs.google.com/spreadsheets/dβ¦
Just remember to make a copy for yourself - no way in hell I will give you editing permissions. ;-)
/7-end
docs.google.com/spreadsheets/dβ¦
Just remember to make a copy for yourself - no way in hell I will give you editing permissions. ;-)
/7-end
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