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BackBone Labs Hub
@BackBoneLabsHub
Cosmos
Joined July 2021
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    White Whale supports this proposal for Terra 2.0. We understand that it is impossible to make everyone happy in this situation and the proposal will never be perfect, however all things considered we are in agreement with the other builders that this is a viable path forward.
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    Today is a big day for Terra. As of right now, with our vault open, anyone can contribute to keeping the UST peg with one click. In other words... we have decentralized the enforcement of the peg.
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    This is a historic moment for Terra. The peg will be restored, it's just a matter of time, and trust will be restored as investors see the builders making the necessary changes that were brought into the spotlight during this crises.
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    🚨Alpha Friday🚨 Our current plan is to have 3 airdrops for the $luna community: 1. To Luna Stakers 2. To Anchor depositors 3. Let's just say it's not what you are expecting... 🔥 #BeTheWhale
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    We want to be very clear where we stand today: We will continue to hold the line until the peg is restored or the lights go out.
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    vUST is coming.... So what is vUST?? It is the liquid token you receive when depositing UST into the White Whale UST Arbitrage Vault, the same as receiving aUST when depositing UST into Anchor. The yield of vUST can be shown as such: vUST = Anchor Yield + Arbitrage Profits.
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    Terra network is back up. Our nodes are resynced. Bots running again.
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    The Terra blockchain has been halted. We are proud to say that our platform and bots ran at full capacity all the way to the end. We did everything we could, unfortunately it wasn't enough. We want to thank all of you who honorably fought with us.
    The Terra blockchain has officially halted at block 7607789. Terra Validators have halted the network to come up with a plan to reconstitute it. More updates to come.
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    Ignore the noise, the peg is fine.
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    We have received our first audit report, it has come back clean. We are working on addressing the recommendations in the report now. Soon, we will open our UST vault, and for the first time the community will have the power to defend the peg. $luna #BeTheWhale
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    We have submitted our code for the $luna vault to Oak Security for review. The luna vault will help stabilize bluna and other derivatives.
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    We have separated Anchor APY from vault APR earned from arbitrage on the UST vault. We also have added a transaction reel showing all the arbitrage trades from our bots.
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    We are excited to announce that public beta is now open for White Whale V2 aka Project Migaloo! Contracts have been deployed and are now active on both @terra_money and @JunoNetwork networks
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    The $WHALE BOOTSWAP IDO will begin on 12.12.21 at 12:00 am EST and continue for 72 hours until 11:59:59 EST on 12.14.21. Instructions on how to participate will be posted here on our official Twitter account prior to the start of the event. Lessgo! #BeTheWhale #FtheBots