FAQs
What is 0xWhale?
0xWhale is an innovative market-making protocol that specializes in blue-chip crypto assets. It is designed to revolutionize DeFi market-making by providing liquidity providers with effortless and superior market-making strategies.
The protocol uses mathematically optimized strategies that intelligently adjust fees and asset holdings to maximize returns while minimizing risks, all on autopilot. This means it's like having an expert trader working for you around the clock.
0xWhale's models are built in collaboration with leading institutions, bringing the best of traditional financial market-making models to DeFi. It allows liquidity providers to engage with a wide array of assets across the Polygon and the Ethereum ecosystems.
0xWhale, the latest version of the protocol, emphasizes ease of use, state-of-the-art strategies, and strong security. It is backed by notable protocols and partners to ensure robust functionality and support.
In the world of DeFi, security is paramount. 0xWhale has undergone rigorous audits by Chainsecurity & Quantstamp, ensuring a solid foundation. Furthermore, 0xWhale pioneers defensive modules and on-chain protections which offer additional peace of mind to users.
0xWhale's vision is to empower people globally through decentralized financial tools, ensuring that anyone, anywhere, has access to sophisticated market-making strategies that were once reserved for the elite.
Why use 0xWhale?
0xWhale is an innovative market-making protocol that offers several advantages for users:
Ease of Use: 0xWhale is designed to be user-friendly, allowing anyone from institutions to individuals to benefit from advanced market-making strategies without the complexity.
Optimized Strategies: 0xWhale uses mathematically optimized strategies that intelligently adjust fees and asset holdings to maximize returns while minimizing risks, all on autopilot.
Collaboration with Leading Institutions: 0xWhale's models are built in collaboration with the Louis Bachelier Institute, a leading Finance Research Institute, bringing the best of traditional financial market-making models to DeFi.
Wide Array of Assets: Liquidity providers can engage with a wide array of assets across the Polygon and the Ethereum ecosystems.
Security: 0xWhale has undergone rigorous audits by Chainsecurity & Quantstamp, ensuring a solid foundation. It also pioneers defensive modules and on-chain protections which offer additional peace of mind to users.
Incentives: 0xWhale is offering 0xWhale tokens to the first wave of liquidity providers, seamlessly integrating them into the governance ecosystem.
Global Impact: 0xWhale's goal is to empower people globally through decentralized financial tools, ensuring that anyone, anywhere, has access to sophisticated market-making strategies that were once reserved for the elite.
Which chain(s)?
Our protocol is deployed on Ethereum & Polygon at the moment. We will support more chains in the future.
How do I interact with 0xWhale protocol?
To interact with the 0xWhale protocol, you will need to follow these steps:
Wallet Setup: First, you need to set up a digital wallet that supports Ethereum or Polygon, as 0xWhale is built on these blockchains. MetaMask is a popular choice for this.
Acquire Native Tokens (ETH/MATIC): Next, you need to acquire ETH (Ethereum) or MATIC (Polygon) which will be used for transaction fees, or "gas." You can purchase such tokens from various exchanges and transfer them to your digital wallet.
Connect to 0xWhale: Visit the 0xWhale platform and connect your digital wallet. This is done through the "Connect Wallet" button.
Interact with the Protocol: Once your wallet is connected, you can start interacting with the 0xWhale protocol. This could involve swapping tokens, providing liquidity, or participating in yield farming, among other activities.
What is the cost of interacting with 0xWhale protocol?
The cost of interacting with the 0xWhale protocol primarily comes from the gas fees associated with executing transactions on the Ethereum blockchain. These fees are not set by 0xWhale, but by the Ethereum network, and they can fluctuate based on network congestion.
When you perform actions such as swapping tokens, providing liquidity, or withdrawing liquidity, these actions are processed as transactions on the Ethereum network, and thus incur gas fees. The exact amount of these fees can vary, but you can often set the maximum amount you're willing to pay for a transaction within your wallet application.
It's also important to note that there may be additional costs associated with the specific actions you take within the 0xWhale protocol. For example, if you're providing liquidity, you'll need to contribute a certain amount of tokens to the liquidity pool.
Please note that while 0xWhale aims to optimize its protocol to minimize costs and maximize returns for users, all users should do their own research and consider the costs and potential risks before interacting with 0xWhale or any DeFi protocol.
Where are my supplied funds stored?
When you supply funds to the 0xWhale protocol, your funds are stored in smart contracts on the Ethereum blockchain. These smart contracts are designed to automatically execute actions based on the rules and conditions set within them.
In the case of 0xWhale, when you supply funds (or provide liquidity), your funds are pooled together with those of other users in a liquidity pool. This pool is managed by a smart contract, which automatically handles the swapping of tokens, the distribution of fees, and other actions.
It's important to note that while your funds are in the liquidity pool, they are not stored in your personal wallet. Instead, you receive liquidity tokens that represent your share of the pool. You can redeem these tokens for your share of the funds in the pool at any time.
As with all DeFi protocols, the security of your funds is a top priority for 0xWhale. The smart contracts used by 0xWhale have undergone rigorous audits to ensure their security. However, as with all blockchain-based systems, there are inherent risks, and users should always do their own research and consider these risks before supplying funds.
Is there any risk?
Yes, as with all investments and financial transactions, there are inherent risks in interacting with the 0xWhale protocol or any DeFi protocol. Here are some of the key risks to be aware of:
Smart Contract Risk: While 0xWhale's smart contracts have undergone rigorous audits by Chainsecurity & Quantstamp, there is always a risk of bugs or vulnerabilities that could be exploited.
Impermanent Loss: When you provide liquidity to a pool, you could potentially experience impermanent loss. This is a loss that occurs when the price of your deposited assets changes compared to when you deposited them. The loss becomes "permanent" if you decide to withdraw your liquidity. 0xWhaleachieved 0.1% impermanent loss.
Market Risk: The value of the tokens you interact with on 0xWhale can go up or down based on market conditions. This could impact the value of your investment.
Gas Fees: Transactions on the Ethereum network require gas fees. If the network is congested, these fees can become quite high.
Regulatory Risk: The regulatory environment for DeFi is still evolving. Changes in regulations could impact the operation of DeFi protocols like 0xWhale.
It's important to do your own research and fully understand these risks before interacting with 0xWhale or any DeFi protocol. Consider consulting with a financial advisor or legal counsel if you're unsure. Every possible step has been taken to minimize the risk as much as possible-- the protocol code has also been audited.
How does 0xWhale generate revenue?
0xWhale generates revenue primarily through fees collected from the transactions that occur within its protocol. These fees are typically a small percentage of the transaction value and are automatically executed by the protocol's smart contracts.
When users swap tokens, provide liquidity, or engage in other activities within the 0xWhale protocol, they pay a fee. These fees are used to reward liquidity providers, maintain the protocol, and fund future development and growth.
It's important to note that the exact fee structure may vary and can be subject to changes as per the governance decisions made by the 0xWhale community. Always refer to the official 0xWhale documentation or user guides for the most accurate and up-to-date information.
How is the APR calculated?
Learn all about it in Key Metrics
Who is the 0xWhale team?
The 0xWhale team is a complementary and international team currently consisting of eight team members. The team is fully doxed, enthusiastic and passionate about DeFi. We build our team on three pillars: Tech, Business and Research. Our tech and business teams are the key drivers in the day-to-day operation of 0xWhale. They are supported by research partnerships with prominent and leading universities of France and worldwide.
What are your official channels?
Right now we are exclusively on Twitter and Telegram.
How do I get involved?
Getting involved with 0xWhale is a straightforward process:
Learn About 0xWhale: Start by understanding what 0xWhale is and how it works. You can do this by reading the 0xWhale documentation, blog posts, and other educational resources available on the 0xWhale website.
Join the Community: 0xWhale has a vibrant community of users and developers. You can join the community on various platforms such as Telegram, or Twitter. Participating in community discussions can help you understand how 0xWhale works and stay updated on the latest developments.
Start Using 0xWhale: If you decide that 0xWhale is right for you, you can start by depositing liquidity into the 0xWhale protocol. This will allow you to earn returns from transaction fees and potentially other rewards.
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