Overview
Migaloo is an open-source, decentralized blockchain that aims to serve as the central liquidity hub of the Inter-Blockchain Communication (IBC) Ecosystem. It connects various blockchain networks, enabling efficient and secure asset transfers. The Migaloo chain is designed to provide a high level of security and transparency. Its flagship dApp, the White Whale Protocol, generates real yield through trading and flash loan activity on all satellite markets. The yield is then distributed to local WHALE LST bonders on their respective satellite market, providing them with additional income (staking rewards + local satellite market fees).
Alliance Module
Migaloo pioneers the Alliance module, which allows any token to be whitelisted and staked to the Migaloo chain, thereby aligning economic interests. A small part of the newly issued WHALE token is ascribed to stakers of the whitelisted token, allowing them to earn staking rewards. External stakers must pay a small fee when staking to the Migaloo chain, which is redistributed to native WHALE stakers. Migaloo whitelists Liquid Staking Derivative tokens, such as ampLuna, bLuna, etc., to allow external stakers to secure their native chain while earning staking rewards from both ecosystems.
White Whale Protocol
The White Whale Protocol is the first live Interchain Liquidity Protocol in the Cosmos Ecosystem. It is the flagship dApp of the Migaloo chain, generating real yield through trading and flash loan activity on all satellite markets. The protocol provides liquidity to various DeFi applications on different blockchain networks, enabling them to operate more efficiently.
Vertical and Horizontal Integrations
The White Whale dApp, with its revenue generated through arbitrage and gauged direction of Interchain Liquidity, sets the perfect groundwork to build vertical and horizontal integrations resulting in a thriving DeFi ecosystem on Migaloo. Vertical integration involves expanding the scope of the White Whale Protocol by developing additional products and services that complement the existing dApp. White Whale has launched its dedicated ecosystem program called RIDE, to collaborate with interchain builders, who want to leverage the White Whale & Migaloo ecosystem.
Horizontal integration involves partnering with other blockchain networks to provide liquidity and interoperability between different DeFi applications. Blockchains that want to receive this service can apply for the SAIL program.
