In light of our previous announcement, we provide additional information and fundamental steps to prepare for the upcoming migration:

Unbonding from WhiteWhale DEXs:
Users are advised to unbond their LST tokens from the WhiteWhale DEXs. The take-rate will be increased to 100%, which will be utilised as revenue for the new DAO.

Migration of $WHALE to Migaloo:
Users are required to migrate their $WHALE tokens back to the Migaloo chain.

Unstaking:
Please unstake any $WHALE tokens you hold.
Users holding $WHALE LSTs should unbond promptly to facilitate migration to the new token once the transition plans are finalised.
Note: Swapping from an LST to $WHALE may result in a loss. Users can unbond fully without incurring a loss using the user interface of the liquid staking provider.

Deposits on Migaloo and Juno DEXs:
To prevent accidental provision of liquidity on DEXs that will be discontinued, we will prohibit users from adding additional liquidity to WhiteWhale’s Migaloo and Juno DEXs.
Deposits on all WHALE-paired pools on all DEXs will be suspended.
Note: All DEXs other than Migaloo and Juno will continue to be maintained and liquidity does not need to be withdrawn.

LPs Locked to Incentive Contracts:
Users will no longer be required to lock liquidity as incentives will no longer be provided.Any questions?
Don’t hesitate to reach out!