White Whale is an arbitrage protocol built to help keep the peg of Terra stablecoins in place, while also enabling the community to take part in reaching this goal.

When users deposit, their assets are tracked via vault tokens (vUST, vLUNA, etc.). These vault tokens can be redeemed for the original deposit plus its earned interest, so they effectively auto-compound. White Whale vaults are set up to give depositors:

White Whale is open and permissionless, so third-party applications can connect freely and earn interest without limitations. In addition, the arbitrage contracts can be called publicly.

The native digital, cryptographically secured fungible token of White Whale (WHALE) acts as a transferable record of the governance and utility rights defined in White Whale’s protocol/code. It is intended to function strictly as an interoperable utility token within the platform.

The WHALE token delivers economic incentives that are distributed to motivate people to contribute and engage with the White Whale ecosystem, supporting a system where participants are compensated for their work. WHALE is essential to the White Whale platform since, without it, there would be no reason for users to invest resources in activities or services that benefit the broader White Whale ecosystem. The tokenomics are designed so incentive WHALE tokens are granted to active users based on their real usage, activity, and contributions on the White Whale platform and/or in proportion to the rate and volume of transactions.