We want to bring the best of everything to our users and we have proven we can with our BSC launch. To date, we are cheaper for stable swaps than our biggest competitors, as shown in a recent tweet.

WhaleSwap on Twitter: "Our hybrid liquidity pools enable cheap, low-slippage stable asset swaps. Today, we became cheaper than @PancakeSwap for any trades between BUSD, USDC and USDT! 🐳 pic.twitter.com/eBRHgW4mbJ / Twitter"

Our hybrid liquidity pools enable cheap, low-slippage stable asset swaps. Today, we became cheaper than @PancakeSwap for any trades between BUSD, USDC and USDT! 🐳 pic.twitter.com/eBRHgW4mbJ

In the near future we plan to be listed on some DEX aggregators, by being the cheapest choice we will pick up all the trades, increasing volume (and fees!) exponentially. We are very excited by this but it’s only one part of our grand plan, each part is designed to increase token scarcity and rewards for our yield farmers.

We have recently released a new roadmap in our docs with a high level overview but I will go over it in detail here.

Cross-Chain Yield Farming

Although our exchange technically has contracts on 6 different chains right now, they don’t have liquidity. Without liquidity, there’s no trades.

Of course nobody provides liquidity for free, that’s why we have our POD token but the rewards are currently only on BNB Chain. The solution to this is obvious, although other projects don’t seem to have caught on all we need to do is split the token over all the chains we support.

In the long term, we want to support every chain with good TVL but by the end of this quarter, we’re going to be supporting the first 7.

The chains we will support first are:

• BNB Chain
• Ethereum
• Polygon
• Optimism
• Arbitrum
• Avalanche
• Fantom

Now, having POD emissions on all these chains is great for everyone as long as we’re careful with emissions. The value of the token on one chain will affect it on another, so to ensure the value is not diminished we are splitting the emissions between each chain based on that chains block time and estimated share of TVL.
This means we will have the same total emissions with significantly more exposure and access to much more of the total DeFi TVL and ecosystems!

To bring this a step further, we are going to be merging these into something which will be the future of DeFi.

Cross-Chain Swaps

By having liquidity on multiple chains, we can do swaps from any token on one chain to any token on another with a little DeFi magic.

Our solution isn’t public yet, but by routing through the right places we can offer almost instant transactions cross-chain with much lower complexity and fees than typical bridges.

This will be a world first with liquid, cheap, immediate, cross-chain swaps from any token to another chain with any other token.

We have said it before and we will continue to say it. We are committed to simplifying DeFi on all chains for everyone. By the end of the year we will have yield farming and cross-chain swaps rolled out on 10 chains and we will continue adding more and more chains with all the features.

We also plan to ship our lending platform along with leveraged yield farms on all these chains before the end of the year, safe to say we will be busy!

A dedicated post will be released for these later in the year.

Next Year and Beyond

In our roadmap you can see we have products shown through to mid next year.
DeFi moves fast so it is hard to estimate what will be happening by then, but we have big plans as the minimum we want to do anyway.

In the first quarter we plan to redesign the exchange UI/UX, add support for traditional trading primitives such as limit orders and stop losses, add a fiat on/off-ramp, add more chains and maybe most importantly, add cross-chain atomic swaps. Each of these could warrant a post of its own but for now I will just quickly explain the atomic swaps.

Our cross-chain swaps will be great but it will still be bridging through a third party. Early next year we will replace this with a WhaleSwap equivalent that will enable users to get faster swaps cross-chain with absolutely 0 fees.
With this we will realize our goal of truly combined liquidity, you could for example swap ETH->USDC on BNB Chain and have that transactions split over several chains and back to BNB Chain without ANY additional cost. It will truly realize the dream of breaking down the barrier between blockchains.

From here we plan to further launch on more chains very quickly, at this point you will be able to swap on a very small chain using the deep liquidity of a chain like Ethereum.

On top of this we will develop extra features such a concentrated liquidity pools to further improve the trading experience but by this time I bet we will be doing even more!

We are looking forward to this so much and plan to significantly scale our operations before then, thanks everyone for the support so far and in the future!💖

The Future of Decentralized Exchanges was originally published in WhaleSwap on Medium, where people are continuing the conversation by highlighting and responding to this story.

How’s that going to work?

If you are a liquidity provider (LP) on a DEX then prepare to be rewarded handsomely with $POD. If you’re not an LP yet and just want to join in, the farms have identical rewards without needing to swap into LP first too!

To start providing liquidity and earning $POD tokens, provide liquidity to the supported pools and stake those LP tokens into the corresponding farm. Once done, they will start earning tokens once rewards start on block 18647795, approximately 9am EST on Monday the 13th of June.

At every block 100 POD tokens will be created. All of these tokens will be distributed to stakers of each of the supported farms based on the pools priority.

However, for the first month, the amount of POD tokens produced will be 10x, resulting in 1000 POD tokens being minted per block. This is to reward early adopters and users of the protocol.

The initial list of eligible pools is as follows:

Note: The pools will be updated in real-time based on demand

Ethereum
DAI/USDC
DAI/ETH
USDC/ETH
USDC/USDT
WBTC/ETH
WBTC/USDC
FRAX/USDC
ETH/USDT

Arbitrum
ETH/USDC
WBTC/ETH
ETH/USDC
WBTC/ETH
DAI/USDC
USDT/USDC
ETH/USDT

Optimism
ETH/DAI
ETH/USDT
ETH/WBTC
ETH/USDC
USDT/DAI
USDC/DAI
USDC/USDT
USDC/FRAX

Polygon
MATIC/ETH
MATIC/USDC
MATIC/USDT
ETH/WBTC
ETH/USDC
ETH/DAI
ETH/USDT
USDC/USDT
USDC/DAI
USDC/WBTC
USDC/FRAX

Arbitrum
WETH/MIM
WETH/USDC
WBTC/WETH
WETH/USDT
FRAX/WETH
WETH/DAI

BNB Chain
BNB/BUSD
BNB/USDT
BNB/ETH
BNB/BTCB
BNB/USDC
BUSD/USDT
BUSD/USDC
USDT/USDC
USDT/BTCB
ETH/BTCB
ETH/USDC
ETH/USDT
DAI/USDT

Avalanche
AVAX/USDC
AVAX/USDT.E
AVAX/DAI.E
AVAX/WETH.E
AVAX/WBTC.E
AVAX/MIM
AVAX/USDC.E
AVAX/USDT
USDC.E/USDC
USDC.E/DAI.E
USDT.E/USDT

Cronos
CRO/USDC
CRO/USDT
CRO/DAI
CRO/ETH
CRO/WBTC
USDT/USDC
DAI/USDC
ETH/WBTC

Fantom
FTM/USDC
FTM/ETH
FTM/BTC
FTM/FUSDT
FTM/DAI
FTM/MIM
FTM/FRAX
BTC/ETH
USDC/TUSD
USDC/FUSDT
USDC/DAI
USDC/MIM
USDC/FRAX

Metis
METIS/M.USDC
METIS/M.USDT
METIS/WBTC
METIS/DAI
METIS/WETH
WETH/M.USDC
WETH/M.USDT
M.USDT/WBTC
M.USDT/M.USDC
BUSD/M.USDC

Aurora
AURORA/WNEAR
AURORA/ETH
WNEAR/USDC
WNEAR/USDT
WNEAR/ETH
WNEAR/WBTC
WNEAR/USDC
WNEAR/USDT
USDC/USDT

Retaining Long-Term Liquidity

We acknowledge that a campaign like this is great for getting liquidity but doesn’t help retain it. To encourage positive long-term growth for the protocol, we are launching POD staking pools alongside the farms.

These pools will allow users to stake their POD tokens in flexible or locked staking, locked for up to 1 year to provide extra yield for our users. More detailed information on our farms and pools will be detailed in a future blog post.

How Can You Participate?

Once we begin, you can start depositing LP tokens using the migration interface or adding liquidity to the LP pools and staking those tokens.

You will begin to earn POD starting from block 18647795. Be sure to stake your LP tokens prior to that for maximum rewards.

The Great Liquidity Event™️ was originally published in WhaleSwap on Medium, where people are continuing the conversation by highlighting and responding to this story.

The Future of Whale Loans

Whale Loans is an experiment on the Olympus tokenomics model, it was always intended to be just that with other products built on top.

Since launching earlier this year we have learned a lot about running a business in DeFi, from building products, to marketing and managing our wonderful community. We intend to use all that experience and our established community to build towards our future as a leading cross-chain protocol.

We always intended to keep building on Whale Loans but as with all things DeFi it has changed with time, the Olympus fork craze is over and it’s time to provide tangible value. With this said, we are officially suspending the protocol and revamping the entire ecosystem.

So what happens with your HUMP tokens? You will be rewarded more than ever! Read on to see how we are rewarding our community.

What does this mean for HUMP holders?

We have spent a lot of time considering how to move forward with the business. There’s a need for tokenomics that inspire new liquidity while also rewarding our existing community, so here’s the plan.

We will be creating a new token, POD. The details on the liquidity event will be coming in a separate post as mentioned above but I will talk about the stuff affecting existing users here.

The token will work similarly to CAKE, SUSHI and other DEX tokens you know and love by emitting a specific number of tokens in every block and then doing a good ‘ol buy and burn with exchange fees.

As is the norm, 20% of emissions are put aside to aid with paying the team, marketing, and bills/expansion. The rest is allocated to other sources like LP providers to bring in liquidity.

This is where HUMP holders win.

We are sharing 50% of our dev emissions for 3 months distributed based on your HUMP holdings!

This is a huge amount of emissions compared to the current market value and has wonderful utility behind it with real yields and over 10x more chains than HUMP. Need more convincing? Our marketing budget for the liquidity event is bigger than ever before!

The Snapshot

Since Whale Loans is being deprecated, we will be taking a snapshot of HUMP and sHUMP holders around 9am EST on Tuesday, June 7th, you don’t need to do anything. Your POD emissions will be weighted based on your holdings at the time, so make sure you stock up!

After this we will pause the rebase mechanism and prepare to launch the liquidity event.

In The Future

We’ll be adding more streams of revenue to the POD token as we launch more products such as lending. Our goal is to make POD the most profitable token in our users portfolios.

To stay up to date with updates and announcements feel free to follow us:

Website: whaleswap.finance
Twitter: twitter.com/whaleloans
Discord: discord.gg/whaleloans

Whale Loans, WhaleSwap & The POD Token was originally published in WhaleSwap on Medium, where people are continuing the conversation by highlighting and responding to this story.

WhaleSwap is a permissionless decentralized exchange (DEX) for every major chain. WhaleSwap users will be able to trade any token using state of the art tech enabling high speed, low cost, and low slippage transactions.

Why another DEX?

Despite the recent down trend there’s over 10 billion dollars currently locked in DEX’s. There’s plenty of demand!

The problem is, there’s plenty of issues too.

Which DEX do I use?
Which is the best for my chain?
Do I use a stable or volatile DEX?
How do I use it?
Where’s the best place to farm yield?

We’re solving all these problems for you.

By creating WhaleSwap we are bringing the best DEX technology of DeFi together into one seamless platform.

We’re not here to tell you everyone else is bad. In fact, they have done wonderful things and paved the way for us. Now we are here to tell you why we are the best.

With that out of the way, let’s get into the details!

🧑‍💻Features!

Sure, we forked Uniswap. Who didn’t? The difference is we improved it and created a whole new platform.

Let’s break it down, we have:

Lazy & Fungible Liquidity

Create LP, get tokens.

No need to touch anything and you automatically accrue rewards from trading fees and have a fungible asset to prove your ownership over it all.

Hybrid Pools

We took the concept of stable swaps from platforms like Curve and fully integrated it into a traditional DEX with a modified algorithm. What does this mean? It means we have fully community governed stable and volatile pools.

Stable Pools:

• Have lower fees
• Have lower slippage
• Have increased risk of impermanent loss

That last point might sound scary, but this is what encourages users to only use stable pools for stable assets. Wrapped tokens, stablecoins, anything where a pair will have a stable value makes sense to use a stable for since there’s almost no risk of impermanent loss.

The other points are related, due to the reduced risk they don’t require as much fees to incentive liquidity providers and allow users to trade cheaper too.

So, how much better is a stable pool for slippage? We did the math to help explain it. Keep in mind these tests assume a pair with a measly $10,000 liquidity on either side.

If you trade $1000 in a volatile pool, you will have 9.75% slippage and end up with $907.02.
If you trade $1000 in an identical stable pool, you will only have 0.09% slippage and end up with $999.10.

That’s over 108x less slippage and savings of nearly 10% on each trade! 🤤

Chained Swap Routing

Any swaps through WhaleSwap can be chained. Not enough liquidity in the pair you want? It will route through another pair to get you what you need automatically!

In fact, the chained routing is more efficient than ever before. We discovered there’s frequently trades where someone has one stable, wants a volatile token and it routes through another with more liquidity. For example with a path like USDT➡USDC➡ETH, it will use the low slippage of the stable pool on the way through and cut slippage exponentially.

Flash Swaps

Flash swaps are somewhere between flash loans and flash minting. It’s a forced swap just like Uniswap uses, there’s no collateral requirement to do it and as long as the pool has enough of the destination token it will work. You can think of it the same as flash loans but more efficient than both that and flash minting, as long as you want to do a swap as part of your strategy… which is the whole point of a DEX.

Hybrid Pool Arbitrage

There’s one more cool “feature” that I want to highlight. We actually came across this one by accident but in cases where both a volatile and stable pool exists, you can arbitrage the price difference between them with absolutely 0 risk.

If an opportunity like this exists it’s actually automatically picked up by our chained swap routing automatically! A simple trade (e.g. USDT➡BTC) will become USDT➡USDT➡BTC automatically claiming the profits for the lucky trader.

🔗More Chains!

We are dedicated to serving everyone with a consistent, high value user experience no matter your blockchain preferences.

To deliver this, we are launching WhaleSwap on 10 (!!) chains from the beginning and expanding to more in the near future. If your favorite chain is excluded, please slide into our Discord and let us know.

The initial chains are going to be Ethereum, Optimism, Polygon, Arbitrum, BNB Chain (formerly BSC), Fantom, Avalanche, Aurora, Metis and Cronos.

💸Better Fees!

WhaleSwap was designed to be the best. This also means having the best fee structure.

To facilitate this, the fee for stable swaps are 0.04%, 0.03% for LPs and 0.01% for the tokenomics.

Similarly, the fee for volatile pools is 0.25% total. 0.2% is given to LPs, 0.05% is contributed directly to our tokenomics for buybacks or similar.

⏱️Wen Launch?

WhaleSwap is launching on July 5th on BNB Chain and 6 other chains, although tokenomics will only be launched on BSC at first for providing liquidity incentives.

Once BSC liquidity has hit a suitable level, we will be rolling out the liquidity mining campaign on all the other chains on by one with weighted emissions.

Safe to say we are very excited about it all!

What’s Next?

Tokenomics

Our new chain tokenomics will be launched in the coming weeks, keep an eye out for a dedicated post!

Tutorials

We are creating a series of tutorials to help developers and users onboard to the DEX.

UX Improvements

The current UI is great but there’s still plenty we have planned! From charts to a complete redesign we are making the experience as seamless as possible.

More Products!

After the tokenomics are deployed cross-chain our next product will be lending, it’s been mentioned previously but keep an eye out. It’s already well under way!

We are also creating a no-code solution and if there’s demand, a bond marketplace to help other protocols raise their own liquidity.

Introducing WhaleSwap: The Next Generation DEX was originally published in WhaleSwap on Medium, where people are continuing the conversation by highlighting and responding to this story.

Let’s talk about flash minting, the concept of a flash-mintable token was first invented by Austin Williams in 2019. The DeFi community always loved the idea but there was never any real push for adoption, so despite an official Ethereum EIP and a few contracts (WETH10, MakerDAO) there was never any traction.

Today I am here to talk about flash-mintable tokens, why they matter and what the team over at Whale Loans is doing to create a vendor agnostic implementation for arbitrary tokens with actual adoption.

What Is Flash Minting?

Do you ever wish you had infinite money? Sure you do! 💸 Flash-minting is the concept of being able to mint new tokens from nothing, as long as you give them back in the same transaction. This requires a flash-mintable token which allows you to create an infinite number of tokens (well, up to 115792089237316195423570985008687907853269984665640564039457584007913129639935).

Imagine you want 1,000,000 DAI to perform arbitrage but you’re not a millionaire. You could use fDAI (flash-mintable DAI) to create a million dollars worth of DAI with zero collateral, perform the arbitrage, immediately pay back the million you borrowed and pocket the profit.

What Is A Flash-Mintable Token?

A flash-mintable token is a wrapper on an ERC20 token. These tokens are backed by the real token 1:1, so anyone can safely accept it knowing they have real value. The key here is that they only need to be backed at the end of a transaction, so you can hold the token if it’s backed or mint as many as you want as long as they are paid back.

Furthermore there is no liquidity pools, nobody to borrow tokens from, nobody there but you for that one transaction.

Why Is Adoption So Slow?

One of the key setbacks to adoption of flash-mintable tokens is ironically the decentralization of them. If there’s a floating fDAI token, why would a protocol adopt it? Why not create your own? But if everyone is using a different instance of fDAI, they can’t work together!

To solve this, we have created a flash-mintable token factory. It simplifies deployment and ensures there is only ever one version deployed for each token. It also provides extra functionality like look-ups, so if you ever wonder what the address of fDAI is, you can just look it up by passing the DAI address to the contract.

The other and possibly the biggest setback is the actual integration with platforms. WETH10 is already a full-fledged flash-mintable token but nobody accepts it, so it’s useless. If a DEX was to accept flash-mintable tokens suddenly it would open up a world of possibilities, you could do triangle arbitrage without ever touching the underlying token, or you can even do normal arbitrage, since one DEX supports the fToken, it is possible to borrow it, do the first swap for the strategy on that DEX for the underlying and continue to do any other interactions with the underlying token elsewhere. The beauty of it is that only one side needs to support flash-mintable tokens.

With this in mind we decided to go all out. Even with our fancy factory if nobody adopts it there’s no use cases, so we decided to enable as many use cases as possible. The key to this is WhaleSwap, which is a state of the art DEX (and more) we’re creating with native flash-mintable token integration.

I’m here to talk about flash minting, not our products, so I’ll just leave you with a couple of strategies it enables off the top of my head:

• Triangle Arbitrage ✅
• Cross-DEX Arbitrage ✅
• Collateral Swapping ✅
• Liquidation Strategies ✅
• Leverage Strategies ✅
• Much more ✅✅✅

Is This Different To Flash Loans?

Yes, but no.

The key difference between flash-mints and flash-loans is the lack of liquidity pool. A flash loan borrows tokens from a liquidity pool while a flash mint creates new tokens. Both let you get tokens without collateral as long as you pay it back in the same transaction, flash-mints are just a more efficient version.

Why Would I Use This Over Flash Loans?

Flash minting has several key benefits over flash loans.

Infinite Capital
This might be the most obvious benefit, but flash loans are limited by the liquidity available while flash mints are effectively infinite. You can borrow as much of any coin as you want, enabling strategies that were once considered impossible.

Capital Efficiency
The lack of liquidity required for a flash-mint creates an infinitely higher capital efficiency, no need for any tokens sitting idle until someone is ready to borrow! Of course idle money doesn’t really hurt anyone, but you can’t get hacked if you don’t have liquidity 🤔

Low Fees
A lack of liquidity pools also means there’s nobody you need to pay a fee to. This means flash-minting can have a close to zero fee, making markets more efficient by enabling tighter trading strategies.

Lower Gas
Changing balances on the blockchain costs money. Every change means a higher gas cost and since the supply of flash-mintable tokens doesn’t pull from a pool the balance is always zero, saving a load on gas costs. Every cent is critical when trying to execute fast transactions in DeFi.

Why Integrate Flash-Minting With Your Protocol?

Since flash mints are a drop-in replacement for flash loans that is more attractive for traders, it makes sense that you could capture the entire flash loan volume with your product. Now, let’s do some math.

In 2021 there was nearly $4 billion of flash-loans through Aave with stablecoins alone. If you charge a measly 0.1% fee and can capture 1% of that market, you will rake in $4,000,000 and there’s no reason you wouldn’t capture much more!

If you have any questions or want to talk to us about integrating flash-minting with your product, head over to our Discord and hit me up!

Flash Minting for Dummies was originally published in WhaleSwap on Medium, where people are continuing the conversation by highlighting and responding to this story.

We are on a great path but it is only just getting started, this post is going to highlight what that path looks like for the rest of 2022. Before getting into the future, there are a couple of outstanding things to talk about for our current roadmap.

Current Roadmap

Delta-Neutral Vaults

Our vaults have been hard work. They are complete, ready to deploy, and audited. We are delaying the launch for the vaults until the implementation to allow them time to do make some last minute changes to their product to ensure customers get the high stable yields we intended but rest assured, we are ready to go.

Flash Minting

Flash minting is also been completed, tested and audited. These are going live alongside our ecosystem on all chains we’re bringing any products to. Our flash mintable tokens are wrappers over other tokens and will be integrated into every step of our ecosystem. Since it is a wrapper we can integrate it on any token, we don’t require permission from the creators of each token but it does need to be accepted by protocols to be used with them.

Future Roadmap

Our goal has always been to make crypto easier. Flash minting is the first step with this in mind and we are creating an ecosystem to enable it and to help users use DeFi with less complexity.

Future developments are going to be focusing on 3 things; usability, security, and scalability.

Usability

In order to focus on usability, the ecosystem must be inclusive for everyone. It must even the playing field and lower the barrier of entry. It must make it easy for users to participate and be members. In order for that to happen there must be a constant focus on removing complexity, installing familiarity, and providing comprehensive educational resources.

So what does that look like?

• New Landing Page
• Updated UX/UI experience
• Multi language support

We’ll be rolling out a new landing page and interface that will make it easier for new users to use our products, removing clutter and confusion around our products is key to a good user experience.

Another thing we’re doing this year will be to add multiple languages to our websites, powered by Crowdin. This is something that is widely ignored in DeFi, but we believe this is an opportunity to invite more users into our ecosystem and allow for a much better user experience. Along with adding features that make interacting with Whale Loans cheaper and easier we will focus on usability not just in 2022, but forever.

Security

Security is always the most important thing to focus on in crypto. Protocols must act as stewards to guard their users from the many current and evolving exploits. A lot of times this is ignored and creates a divide within a community that is built on trust. The key to building a loyal community starts with security.

On top of our extensive internal security expertise, we will also be introducing a bug bounty for our entire ecosystem to encourage a safe investing environment with Immunefi.

Of course, audits will also be updated regularly as we roll out the infrastructure of our ecosystem. At some point we would also like to explore the possibility of embedding insurance into all of our products so that when a user invests they can do so with the peace of mind that their investment is insured against malicious attacks and exploits.

Scalability

Ultimately, we want to build a scalable ecosystem. This will allow ourselves, strategic partners, as well as other developers to build on top of our products. What this does is create a meaningfully different and localized reward system for our users.

There’s a heap of products coming to make up our initial ecosystem:

• Cross-Chain Token Support
• Flash Mintable Tokens
• Whale Pro (Bond marketplace)
• Whale Swap (Trading, borrowing, lending)
• Whale Combo (No-code strategy development)

These may seem like aspirational updates but we assure you that they are much closer than you may think. Again this infrastructure will allow us to design sophisticated product offerings on a more personal scale.

Each part of our ecosystem is designed to make things easier. Each will have a post of their own blog post to introduce them in more depth and explain their value, they will all integrate flash minting where possible and contribute back to the token with buybacks and treasury contributions. Furthermore, each product will exist cross-chain on a growing list of chains (currently 10!) so no matter what you’re after, you can have a single, familiar UI without needing to think “what’s the best DEX for my chain” or “where can I get flash loans on this chain?”.

Conclusion

This is what Whale Loans will look like in 2022, but it is also just the beginning. The next layer in 2023 will look different, but the goal will always remain the same. It isn’t enough to just design new products or re-imagine financial services. Adoption will stall if it isn’t driven by usability. Our goal is to build an ecosystem that focuses on usability, security and scalability.

To all of our current and prospective users and partners we want to thank you for your support. To all of the protocols before us we thank you for the inspiration. 2022 is going to be an amazing year.

Whale Loans 2022 Development Plan was originally published in WhaleSwap on Medium, where people are continuing the conversation by highlighting and responding to this story.

When you stake your HUMP, you receive an equal amount of sHUMP, which is a rebase token that specifically matches the value of HUMP 1:1. Keep in mind that the sHUMP token isn’t for trading but is only for holding and rebasing.

Your sHUMP balance is rebased automatically at the end of every epoch, or predetermined period of time between important protocol events. At the end of each epoch, staking rewards are distributed and you receive your share of them, proportional to the amount of HUMP you have currently staked.

A Short, Deep Dive into Rebasing

Here’s an example of how rebasing works. Assuming there’s 100k HUMP staked, then an outstanding sHUMP balance of 100k HUMP is available. If the protocol profits by 1k, the staked HUMP is sent to staking contracts and then there are 101k HUMP but only 100k sHUMP outstanding.

To match supply needs, the sHUMP will be increased by 1k, thus increasing, or rebasing, the supply of sHUMP by 1k and maintaining the amount of sHUMP needed for continued staking operations and resulting profit and rewards.

(Note: You can find a more comprehensive explanation of staking and bonding, which is another way you can earn big with Whale Loans, in the blog post published just before this one.)

Now let us take you through a short, step-by-step guide on how to stake at Whale Loans.

How to Stake in Four Simple Steps

Here are the only steps you need to follow in order to stake.

Visit the Whale Loans Staking Page

To access our staking page, go to https://whale.loans/stake.

Connect Your Wallet

By connecting your wallet, you’ll be able to stake HUMP and collect rewards from staking. You must use a wallet set up for the Binance Smart Chain network to engage in our platform’s features. Simply click on “Connect Wallet” as shown below.

Choose a Wallet Option

Whale.Loans works a little differently on mobile than desktop with the windows that come up when connecting to a wallet. Here are instructions for each.

Mobile

On the mobile version, you connect to Whale.Loans through WalletConnect. WalletConnect allows you to search and choose from an extremely wide variety of wallets, including MetaMask. As you can see below, you can connect through WalletConnect in two ways, either by doing it directly after choosing your preferred wallet, or by scanning the QR code with the WalletConnect — compatible wallets.

Desktop

From the desktop, you can choose to connect your MetaMask account directly through an in-browser app or go through a mobile device or desktop wallet with WalletConnect.

WalletConnect

If you choose to go with WalletConnect, you’ll be able to connect either by a QR code or by choosing a preferred wallet through your desktop. However, only a few apps are allowed while choosing a preferred wallet directly through your desktop, as can be seen below.

MetaMask

If you choose to connect with a MetaMask wallet, make sure to use or create a Binance Smart Chain (BSC) wallet since our protocol is based on it. Our website has strong safeguards against you accidentally trying to connect the wrong wallet because using the address of a different network in crypto transactions can easily result in lost funds. However, you should still be careful in making sure to choose a BSC Metamask wallet. If you accidentally hook up the wrong wallet, you can go through “Connected Settings” located in the network menu on the MetaMask app.

Stake

After connecting your wallet, as a first time staker, the platform needs final approval to use your HUMP for staking as you can see here.

Then you are allowed to put in a number for staking and then press ‘stake’.

A ‘pop-up’ UI shows you all details like total amount, max amount and gas fee regarding this particular staking action. Please review all details carefully and click ‘confirm’.

In the next step, you can see your earnings for the day along with the staked balance, next reward amount and next reward yield.

And that’s all there is to it besides sitting back and earning rewards!

How to Unstake

To unstake any amount of HUMP, you just need to select “Unstake” in the window on the staking section of the Whale Loans website, as shown below.

When you do so, your sHUMP is burned and sent back to the staking contracts, exchanging it for an equal amount of HUMP. Any remaining amount of staked HUMP will continue to earn rebase rewards.

Overall, through staking you not only earn rewards but also help the Whale Loans ecosystem strengthen its own liquidity, which facilitates market operations and soothes market instabilities.

In turn, we can make even bigger oceans of opportunity for you to sail like a whale right through, on your way to whale-sized gains.

Check out our Discord and Twitter channels to know how we continue to dive into the deep ocean of opportunity and innovation in DeFi.

Use Whale Loans to Stake Your Way to Greater Crypto Gains was originally published in WhaleSwap on Medium, where people are continuing the conversation by highlighting and responding to this story.

For potential APYs of 40,000%+, Whale Loans has transformed and tweaked crypto innovations such as Protocol-owned Liquidity (POL) into new models of value creation.

What You Need to Know About HUMP

A fork of OlympusDAO’s OHM, HUMP is the token that powers Whale Loans staking and bonding products. Soon, it will augment the Dynamic Hedging Vaults along with the Flash Minting Platform.

Basically, HUMP is a free-floating currency backed by Whale Loans’ treasury supply with a diversified portfolio of assets. Each HUMP is backed by at least 1 BUSD. If HUMP ever trades below 1 BUSD, the protocol buys back and burns HUMP, pushing the price back up to 1 BUSD.

Note that HUMP is backed by BUSD and is not pegged to it. This allows the HUMP token to achieve a stable floating value that never falls below the value of its backed assets. The price of HUMP is designed to equal 1 BUSD + Premium, with “Premium” reflecting market value.

What Whale Loans Is and What it Isn’t

Whale Loans brings a unique opportunity for you to create big earnings — thanks to our treasury-based architecture and our robust ecosystem powered by HUMP. While our platform is a fork of OlympusDAO, the options we provide for staking and bonding provide greater value compared to OlympusDAO. Let’s take a quick look at OlympusDAO staking, its current issues are what Whale Loans can resolve.

OlympusDAO is a profit distribution mechanism with the primary aim of providing rewards to those who buy its OHM tokens. In this way, the protocol can provide profits to all participants. Through sOHM (staked OHM), everyone receives the same percentage profit at each rebase, which allows compounding of yield while only needing to be held. This method is known as “(3,3)” by users.

However, OlympusDAO’s method for both staking and bonding is afflicted with high fees because it requires the Ethereum Network. Whale Loans, on the other hand, runs on the Binance Smart Chain, whose fees are only a tiny fraction of ETH’s. Moreover, OlympusDAO’s APY will inevitably fall as more people stake because there will be less profit gained, as opposed to Whale Loans, where 50% of all protocol fees go to the treasury, consistently increasing the funds backing the token value. Another advantage for Whale Loans is that we have an expanding line of products that generate additional yield for users, that are not available on OlympusDAO, like our Dynamic Hedging Vaults, and flash minting platform.

How Staking and Bonding Work on Whale Loans

Although we have clear instructions on making mad gains through staking and bonding on our platform, it’s a good idea to understand how each of them works first and as always, please DYOR first.

Staking, Simple But Powerful

Users can stake the platform’s HUMP token directly on Whale Loans and earn rebase rewards, generating a handsome passive income. The rebase rewards come from the proceeds of bond sales and it can vary based on the number of HUMP staked in the protocol along with the reward rate set by monetary policy.

An increase in your stake of HUMP translates into a constantly falling cost basis converging on zero. This means that even if the market price of HUMP drops below the initial purchase price, the increase in your staked HUMP balance should eventually outpace the fall in price (given a long enough staking period). When you stake HUMP, you basically lock in HUMP and receive an equal amount of sHUMP. During unstaking, sHUMP gets burned in exchange for an equal amount of HUMP.

Here’s what rebasing is and how it works. First of all, you should know that an equivalent amount of HUMP and sHUMP is consistently maintained, with sHUMP being a kind of temporary marker for the growth of HUMP. As such, the amount of sHUMP is minted and burned to keep the amount of HUMP accurately balanced. When there’s a profit from HUMP, an equal amount of sHUMP is minted, thus “rebasing” the total amount up by the percentage of profit involved.

Bonding, a Deeper DeFi Dive for Even Greater Returns

Simply put, bonds are instruments you can purchase from Whale Loans’s treasury that can provide you with a greatly optimised yield. The treasury is our way of keeping liquidity in-house so that we can afford to sell the bonds at a discounted price.

This treasury model makes our platform self-sustaining, essentially letting us make our own market. As a result, the treasury model makes for greater overall sustainability and security than does the usual free-for-all of liquidity pools and providers.

Bonding is a little more elaborate than staking, but not by much. As a bond purchaser, you are quoted with terms such as the bond price, the number of HUMP tokens entitled to the bonder and the vesting period.

As a nod to our transparency and the confidence in the advantage bonding can create, we even advise you to buy and stake HUMP through PancakeSwap if specific edge factors with bonding don’t prevail.

How Whale Loans Comes Full Circle for Sustainability

With our platform, the treasury is fed by the rewards that it shares 50–50 with our DAO, thus providing mighty inertia with a full half of what’s gained. This provides backing for the treasury to keep the ever-widening circle of rewards growing and providing a potentially infinite, self-sustained liquidity.

Most importantly, as a HUMP bondholder, you gain all the rewards that would typically go to outside liquidity providers because of the treasury’s self-sustaining architecture.

In the end, through its superior staking and bonding offerings, Whale Loans lets you transform what are usually mere trickles of gains into a vast ocean of returns.

Just keep an eye on Whale Loans Twitter and Discord channels and learn how you can do it, too!

Whale Loans: How Everyone Can Profit With DeFi was originally published in WhaleSwap on Medium, where people are continuing the conversation by highlighting and responding to this story.

• What are inverse bonds
• The basic price mechanism
• Why inverse bonds are very useful

And how inverse bonds contribute to the well-being of Whale Loans

• Inverse bonds absorb HUMP sell pressure
• Increase the backing per HUMP at the same time.
• Inverse bonds will boost HUMP’s intrinsic value.

After the successful launch of v2 bonds in the Q1 of 2022, Whale Loans is about to introduce a new bonding innovation — inverse bonds.

What Are Inverse Bonds?

Inverse bonds will allow Whale Loans to create a means for bringing HUMP out of circulation, which in turn will increase the backing per HUMP on every inverse bond that is executed below the liquid backing amount. The basic mechanism is simple: you give the treasury your HUMP in return for some treasury assets. Inverse bonds will provide demand for excess supply, thus supporting the market price of tokens.

Note that this is not a static, direct redeeming type of mechanism. Inverse bonds remove sell pressure from the market and simultaneously increase the backing per HUMP, by reducing the amount of HUMP in circulation.

These inverse bonds will allow the protocol to bear volatility, including when the price rapidly turns to the downside. In that case, individuals, too, will be able to sell HUMP without directly affecting the market price. An additional benefit of inverse bonds is that it will contribute to the backing HUMP and boost intrinsic value.

Ultimately, our purpose for introducing inverse bonds is to:

• Absorb HUMP sell pressure
• Contribute to backing with HUMP

Basic Price Mechanism

The pricing mechanism for inverse bonds will be the same as for regular bonds. The price and payout value of an inverse bond start at the HUMP’s market price of the moment. The payout amount (premium) of the inverse bond will slowly increase until someone buys a bond. It will then be reduced and slowly increase again. Users will effectively sell HUMP at a premium — slightly above market price. Thus, you’ll get more value for your HUMP compared to selling it directly to the market. It’s important to realize that HUMP is backed by Whale Loans' treasury supply (several tokens), not pegged to it.

And why are we talking about Inverse Bonds?

Well, we will release this bonding innovation as soon as it’s ready — it is one of our top priorities. When it happens, you’ll be able to buy them on the Whale Loans website. However, be sure that we are also working on other groundbreaking and unique projects like Flash Minting in parallel with inverse bonds.

We have an ambitious aim plus a willingness to do whatever it takes to make this feature a reality. It’s easy when the green seas of ‘Up Only’ are smooth. However, in the rough waters of adverse market conditions, we have to ensure that our value is appropriately established and preserved.

In Summary

The Whale Loans treasury is a basket of diversified assets. Inverse bonds will have direct access to treasury assets as they swap HUMP for treasury assets. When valuing the token, it is not only important to consider the value in the market but also in liquid treasury assets.

Whale Loans treasury will ensure the health of our protocol through inverse bonds. In the meantime, we will continue to do whatever it takes to ensure the long-term success of our protocol and investors.

Don’t miss any updates — join our conversation on Discord and help us build a bigger, more robust platform.

Let’s talk about Inverse Bonds was originally published in WhaleSwap on Medium, where people are continuing the conversation by highlighting and responding to this story.

As we take a deep dive into the year 2022, we are thrilled to announce some interesting products that we have in store for you. Below are the major ones that stand out:

FLASH MINTING

What if you can borrow some token to fund other token or crypto purchases of yours without having to use your portfolio as a collateral? That is exactly what our flash minting product is all about.

With our flash minting platform, users are granted the ability to mint an arbitrary number of tokens into their account. This is considered valid only if users burn the same number of minted tokens from their account before the transaction ends. Without doing that, the transaction will be reverted by default.

Likened to giving a loan, flash minting is provided as a tool for arbitrage, which offers users in the DeFi ecosystem an unlimited source of funds for their transactions. With Flash minting, you turn a quick profit by borrowing funds, it is risk-free, and makes you, the trader, more resourceful.

This flash mint is given to users without the need for collateral. What is really exciting is that not only do LP’s get access to flash events without the need to know how to implement a flash mint, both the trader and the LP make profits. We are set to roll out this feature in the coming days.

DELTA NEUTRAL VAULTS

The Delta Neutral Vaults is a feature that allows users to use our risk management strategy by depositing their stable coins and collecting the funding rate of any token or stock. What the vault does is that it dynamically invests funds, hedges users’ position, and allows them to profit regardless of market conditions. You will be profiting by risking little or nothing. This feature is made possible with the help and partnership from Kitten Finance, who aims to provide volatility surfaces and yield curves for all smart contracts and dApps.

MORE FROM WHALE.LOANS

Our mission is to create an easy button for DeFi users where we do the hard work, and you reap all the rewards. If you find it a bit difficult to understand how our products work, our team is actively engaged in conversations via Discord and Twitter. You’ll also get detailed information about product launch and other exciting Whale.Loans news.

To stay up to date on our launch, news, and announcements, visit:

Website: https://whale.loans/

Discord: https://discord.com/rFzNx4wRtK

Twitter: https://twitter.com/whaleloans

Whale Loans Makes A Splash in DeFi 2022: Check Out What’s Coming in Our Newest Blog was originally published in WhaleSwap on Medium, where people are continuing the conversation by highlighting and responding to this story.