Member-only story
Watch Out for Terra’s White Whale
A brief overview of Terra’s up-and-coming arbitrage platform
Herman Melville’s 19th-century classic, Moby Dick, uses the white whale to symbolize forces beyond human control — nature, fate, and God.
In the crypto-verse, whales seem to symbolize the same thing. Their decisions dictate the price, and their capital gives them unique opportunities not easily accessible to regular investors.
Fortunately, Terra’s “White Whale” isn’t as sinister.
In this piece, I’ll briefly explore three questions concerning Terra’s up-and-coming arbitrage platform, White Whale.
- What problem does White Whale solve?
- How does it work?
- What plans and features can users expect in the near future?
What White Whale Solves in Terra
White Whale is an application being built on Terra that plans to bring arbitrage opportunities to everyone in the ecosystem. Arbitrage just means buying an asset in one market while simultaneously selling it in another to profit from the price difference. This low-risk opportunity is fundamental to how UST algorithmically maintains its peg to the dollar.
