Whales
"Whales" are the platforms' Liquidity Providers
Last updated
"Whales" are the platforms' Liquidity Providers
Last updated
Whales deposit the corresponding native token into the asset pool of their choosing. In doing so, Whales provide liquidity to that specific asset enabling and allowing users to utilize leverage.
Leverage bears risk on Whales funds exposing them to drawdown, therefore in return Whales receive revenue share of profit from the platform.
- 50% of all losses (user trades that utilizes leverage and result in a loss)
- 50% of all fees on winning trades (total fee is 6.9% on wins, Whales receive 3.45%)
Revenue is claimable via Whales Dashboard. Profits are distributed based on % of LP tokens each Whale has and will be in the same underlying asset the Whales made its deposit in.
Deposits can be revered as Staking as there is a set time limit in which Whales must keep their funds within the LP.
Time Period:
- 30 Days However, profits are claimable Weekly.
Once funds and time period is confirmed, those funds are locked and now accessible to users providing leverage utilization.
