- Cryptocurrency, while unpopular at first, has made waves into the mainstream market.
- Crypto whales, those who buy large amounts of supply, are ultimately making the market less fair.
- White Whale comes to even the playing field through its well-thought design and system architecture.
Cryptocurrency has disrupted the traditional finance world, rapidly making its way into the mainstream markets. Only a decade ago, the term was a far-flung concept, but now with the advent of DeFi, it has been not only celebrated for its investment opportunities but also the security that its decentralized nature affords its users. Through its inherently decentralized structure, crypto has been praised for its transparency, safety, and how it allows those to handle their finance without the oversight of a bank or middleman.
Like many other types of investments, though, whales (those who buy a large amount of supply) are unfortunately still prevalent in the industry. These big buyers take investing opportunities away from smaller individual buyers, ultimately making the market less fair and creating an uneven playing field.
While Bitcoin has had its ups and downs last month, crypto whales have been taking advantage of the dip.
As Bitcoin prices bottomed out at $34,700, whales have made some massive transactions. This has been the largest amount of both $100,000+ and $1 million+ BTC transactions since January 24, when prices jumped +15% the week following,” crypto analytics told Daily HODL.
Traditionally, crypto “whales” are the antagonist of the cryptocurrency world, taking what is usually an even-playing field and using it as an opportunity to profit. White Whale, a project that aims to disrupt this unfair playing field, explains how the sector has become unfair due to these people. Sebastian, the Founder & CEO of the project, explains:
Whales manipulate markets to shake you out, deploy bots to gobble up initial liquidity, and short projects to zero if it makes them another penny. Whales have access to the highest margin, lowest risk opportunities in the market. Access to early rounds, private sales, trading discounts, market making, and arbitrage are all examples of what whales get to do and regulars don’t.
Regular players in the crypto game just want a level playing field where everyone has an equal opportunity to build wealth. They care about their communities and want to contribute positively to a new decentralized financial world. “In the Terra ecosystem, arbitraging UST back to peg is uniquely appealing to loyal community members because not only does it generate delta-neutral profit, it also serves the critical function of keeping the peg, making the Terra ecosystem more secure and robust. Getting into arbitrage requires capital, technical knowledge, and bot infrastructure. In short, as of now, it’s strictly a whale’s game,” Sebastian says.
White Whale’s mission is to give power back to the people, making complex trading strategies more accessible through its platform that decentralizes arbitrage opportunities. More so, the platform aims to make the entire Terra ecosystem more secure, robust, and efficient by enforcing the UST peg. The company explains that within the Terra ecosystem arbitraging UST back to peg is uniquely appealing to loyal community members.
White Whale has recently launched its flagship UST Vault. As of the date of this article publishing, the Vault has a total of $40.45M UST deposited. White Whale Team also recognizes the fact that arbitrage profits are only possible if arbitrage opportunities present themselves. Hence, all UST Vault deposits get sent to Anchor Protocol which guarantees 19.5% APR. As a result, the White Whale community gets a guaranteed 19.5% return, plus arbitrage profits.
In addition to combatting the unfair playing field the current industry faces, White Whale boasts a simple and user-friendly interface, where users can merely click deposit or withdraw and leave all the hard work to the complex bot structure on the back end. In other words, become the whale in one click.
While retail investors may be badly impacted by market fluctuations, crypto whales who are experienced at taking advantage of the market continue to make the most of a dire situation. Companies like White Whale plan on changing this by leveling the playing field for crypto investors by arbitraging UST back to peg. Check out the company’s website to learn more about its revolutionary strategy.