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Terra-Based Arbitrage Platform White Whale Closed $2.9M Strategic Financing
Summary: White Whale, an arbitrage platform based on the Terra ecosystem, announced that it has completed a $2.9 million private equity round of strategic financing. A total of 8.3% of the WHALE token supply was sold in this round, valued at $35 million. Private equity participants have a 12-month lock-up period, and then linearly unlock within ...
White Whale, an arbitrage platform based on the Terra ecosystem, announced that it has completed a $2.9 million private equity round of strategic financing. A total of 8.3% of the WHALE token supply was sold in this round, valued at $35 million. Private equity participants have a 12-month lock-up period, and then linearly unlock within 12 months.
White Whale enables retail investors to stay anchored with UST through L1 seigniorage arbitrage and participate in other complex automated trading strategies through a simple user-friendly experience. WHALE is the only token that provides arbitrage for the entire Terra ecosystem.
The platform stated that WHALE tokens held by private investors, teams and advisors have a lock-up period of at least 12 months, and tokens held by team members have a vesting period of 3 years and a lock-up period of 12 months.
By Mary Liu
Tags: UST,White Whale
Link: Terra-Based Arbitrage Platform White Whale Closed $2.9M Strategic Financing [Copy]
