❓FAQs
An experienced team of developers, marketers and, most importantly, crypto enthusiasts who have operated within the space for several years, creating valuable relationships with the most influential and knowledgeable individuals in crypto along the way.
The following is NOT FINANCIAL ADVICE. It is for educational and entertainment purposes only.
There are countless strategies, and which one you choose depends on your risk tolerance and short, medium, and long-term goals. That being said, the "plug-and-play" method is detailed below. Also, take some profits along the way. Don't get too greedy.
If WHALEUSD is OVER the peg:
1.
Buy WHALEUSD and pair it with USDC to provide liquidity, and stake your WHALE-USDC LP in the Banks to earn WHALESHARE rewards.
2.
Take your WHALESHARE rewards and stake them in the Farming Whales to earn inflationary WHALEUSD rewards.
3.
Sell half of your earned WHALEUSD for USDC, and compound it back into the WHALEUSD-USDC LP.
If WHALEUSD is UNDER the peg:
1.
Buy WHALEUSDand exchange it for WHALEBOND. If you are LP'ing, you can break the LP to exchange WHALE for WHALEBOND, and use the remaining USDC to buy WHALEUSD to also exchange for WHALEBOND. Now you have a big fat bag of WHALEBOND, and you've also helped bring WHALEUSD back above peg so that the Boardroom can resume printing.
2.
Sell WHALEBOND for a redemption bonus once WHALEUSD is back over peg
An expansionary epoch is the amount of WHALEUSD that is printed by WHALESHARE in order to increase the total circulating supply.
To simplify the explanation with a hypothetical example, let’s say an epoch is 3 days long and there are $100 dollars in the circulating supply.
If the money printer grows the supply by 14% of the existing circulating supply each day, at the end of the 3 days you'd have 100*1.14*1.14*1.14 = $148.1544.
Then, let’s say the emissions decrease to 5% per day.
You’d then have have $148.1544 *1.14*1.14*1.14 = $219.4 at the end of this second epoch.
The $WHALEUSD token is a mirrored asset to the USDC token. Initially the main utility will be to allow holders to use WHALEUSD-USDC LPs to earn more $WHALEUSD and more $WHALESHARE tokens.
WHALESHARE allows holders to earn $WHALEUSD and $WHALESHARE tokens. The mechanism for earning is largely different from that of the $WHALEUSD token. WHALESHARE tokens can be staked singly in order to earn $WHALEUSD. If you wish to use $WHALESHARE to earn more $WHALESHARE you will need to provide $WHALESHARE-USDC LPs. Both tokens acts as incentives to promote holding of the other token. Since $WHALESHARE has a limited supply of only 100,000 tokens, it makes sense to accumulate as much as possible as, with a higher share, you will be able to claim a larger share of $WHALEUSD inflation.
Simply put, pegging to USDC helps to lower the risk for investors who intend to participate. Using the algorithm mechanism we intend to ensure that the WHALEUSD token is always above or at peg. Therefore, investors will only “loses value” if WHALEUSD remains consistently below peg, as that would mean they are not able to efficiently earn from it. We have employed several mechanisms to ensure that WHALEUSD tokens will not stay under its peg for prolonged periods of time.
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