Listening to the recording of @WhiteWhaleTerra community update from yesterday - thanks to awesome @terraspacesorg recordooors.
Here are a few thoughts.
π§΅β¬οΈ
/1
Here are a few thoughts.
π§΅β¬οΈ
/1
Regular update calls (weekly/bi-weekly - TBD) are planned to stay in touch with the community.
Sebastian clearly mentioned they want start it right with us and I applaud him for both the stance and steps taken so far. π
/2
Sebastian clearly mentioned they want start it right with us and I applaud him for both the stance and steps taken so far. π
/2
@WhiteWhaleTerra got $26m out of the LBP, $20m out of which went into protocol-owned $WHALE - $UST LP.
No incentives will be provided to LP - none are needed!
Result: no sell pressure as we have seen on $VKR, $TWD or $PSI.
BTW You can still do LP to get the trading fees.
/3
No incentives will be provided to LP - none are needed!
Result: no sell pressure as we have seen on $VKR, $TWD or $PSI.
BTW You can still do LP to get the trading fees.
/3
Launch on @StarTerra_io and genesis airdrop are being reconsidered.
The team is under impression that initial appetite for $WHALE has been met and putting more of it could create a unnecessary supply.
I canβt blame them - IDO after price discovery feels weird.
/4
The team is under impression that initial appetite for $WHALE has been met and putting more of it could create a unnecessary supply.
I canβt blame them - IDO after price discovery feels weird.
/4
I love the analyzing stuff.
My first Medium article is about Terra token launches where I touch on βIDO vs price discoveryβ as well.
Give it a read if youβre interested!
medium.com/@agilepatryk/hβ¦
/5
My first Medium article is about Terra token launches where I touch on βIDO vs price discoveryβ as well.
Give it a read if youβre interested!
medium.com/@agilepatryk/hβ¦
/5
If I were a decision-maker, right now I would keep both the IDO and the airdrop - for different reasons.
There is a part of community staking $STT which might have not participated in the LBP exactly because of the already announced launch of $WHALE on @StarTerra_io.
/6
There is a part of community staking $STT which might have not participated in the LBP exactly because of the already announced launch of $WHALE on @StarTerra_io.
/6
Cancelling the IDO would mean leaving them out cold - not a fun move.
Selling at a somewhat below-market price is something that likely everyone expected, including LBP participants, so there should be no problem here, right?
/7
Selling at a somewhat below-market price is something that likely everyone expected, including LBP participants, so there should be no problem here, right?
/7
Plus, @pylon_protocol is selling $WHALE at very low prices still.
Check out my thread on that!
/8
Check out my thread on that!
/8
https://twitter.com/agilepatryk/status/1469933715702886401
About the airdrop - it seems we will be able to stake $WHALE and get $xWHALE and then lock it to get $vxWHALE.
(Sounds similar to that $ASTRO thing)
@WhiteWhaleTerra would like to distribute $WHALE airdrop to long-term holders, if at all.
I have an idea on how to do it.
/9
(Sounds similar to that $ASTRO thing)
@WhiteWhaleTerra would like to distribute $WHALE airdrop to long-term holders, if at all.
I have an idea on how to do it.
/9
Why not distribute make it into a lockdrop?
One would need to stake and lock $WHALE to get extra $WHALE airdrop - the more/longer you lock, the more you get.
Adding a cliff and vesting on top (e.g. 3m cliff + 9m vesting) should discourage the airdrop dumpers quite a bit.
/10
One would need to stake and lock $WHALE to get extra $WHALE airdrop - the more/longer you lock, the more you get.
Adding a cliff and vesting on top (e.g. 3m cliff + 9m vesting) should discourage the airdrop dumpers quite a bit.
/10
With audit on its way, there is hope that the arb vaults will be launched in mid- to late January.
Thatβs good - the community should not need to wait too long as weird thoughts might start appearing in our heads (like: sell and buy that new thing).
/11
Thatβs good - the community should not need to wait too long as weird thoughts might start appearing in our heads (like: sell and buy that new thing).
/11
Gov staking will be enable pretty soon after the audit, with rewards paid out in $WHALE (freshly minted).
To avoid diluting the supply, gov staking APR will be a little lower than the APR of the protocol treasury.
/12
To avoid diluting the supply, gov staking APR will be a little lower than the APR of the protocol treasury.
/12
Treasury will grow faster than the total supply = floor price go up.
So far, pretty well-designed.
/12
So far, pretty well-designed.
/12
I quite like how things will be structured around the vaults.
Each vault will be dedicated to a token (e.g. $UST or $LUNA) and leverage multiple arb strategies. In absence of arb opportunities capital will be earning passive income, e.g. Anchor Earn for $UST.
/13
Each vault will be dedicated to a token (e.g. $UST or $LUNA) and leverage multiple arb strategies. In absence of arb opportunities capital will be earning passive income, e.g. Anchor Earn for $UST.
/13
$UST from the @WhiteWhaleTerra treasury will be deployed to the $UST vault.
(Educated guess follows)
As time goes by, I expect more assets to be included in the treasury and deposited to the vaults, building price floor for the $WHALE intrinsically.
/14-end
(Educated guess follows)
As time goes by, I expect more assets to be included in the treasury and deposited to the vaults, building price floor for the $WHALE intrinsically.
/14-end
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