Welcome to Migaloo
Last updated
Last updated
Migaloo is a permissionless and open-source Proof-Of-Stake layer one blockchain built using the Cosmos SDK stack and CometBFT (formally Tendermint) consensus. Migaloo was founded by the WhiteWhale team, who initially launched their arbitrage dApp on Terra Classic. Since USTs depeg in early 2022, the team pivoted to building an interchain DEX to provide more stable prices across the IBC ecosystem and subsequently launched the Migaloo Blockchain which would become 'the hub' of the WhiteWhale protocol while also providing further utility to the WHALE coin.
WHALE is Migaloo Zone's native gas coin. WHALE is used to pay the transaction fees of the chain. WHALE is also the main asset used to secure the chain via staking to Validators who produce blocks and ensure the chain's liveliness.
The Migaloo Zone, its founders, developers and community members are proud of the innovation which takes place on the chain. Migaloo was the first Cosmos chain to introduce ReStaking by leveraging the and allowing the ReStaking of LUNA liquid staking tokens. Since this innovation took place in early 2023, the chain has gone on to evolve its staking mechanisms to allow for the staking and liquid staking () of the WHALE/wBTC liquidity pool. Migaloo has also launched ReStake DAO, a DAO built to democratise how Migaloo inflation is spent and focuses on allowing the ReStaking of LP tokens to Migaloo Zone. ReStake DAO controls 7.5% of Migaloo's inflation.
To learn more about Migaloo's ReStaking capabilities please read: Alliance & ReStake DAO
As well as being an industry leader in the ReStaking space, Migaloo also runs the latest Cosmos tech, ensuring both developers and users have the best experience most secure experience when using the chain.
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