Catalina Whales Index (WHALES) Coin Guide & Detailed Review

About Catalina Whales Index

By tokenizing assets in a Bridgesplit Vault, the asset value can be easily integrated into applications in the Bridgesplit protocol. The DeFi and NFT ecosystems exist in silos, causing $20B+ of value to sit idle in wallets. Catalina Whales Index is a protocol that enables everyday users and institutions to earn yield and get liquidity for non-fungible tokens via lending, indexes, fractionalization, derivatives and more. Floor Indexes is a non-fungible token financial primitive introduced by Bridgesplit to create a novel liquidity option for collectors and collections. Floor Indexes are a layer of fungibility on top of fractionalization.

Fractionalization of an NFT is a valuable tool because selling partial ownership in an asset helps owners reduce risk and create some liquidity while maintaining some exposure. On the converse side, it offers users the ability to get exposure to assets that are otherwise out-of-budget. However, fractionalization alone carries challenges. Questions around governance, utility, and pricing can make it a confusing or intimidating financial product for many users. This leads to low volumes on fractionalized assets and a worse user experience. In practice, only assets coupled with significant marketing are good candidates for fractionalization. Even then, liquidity in those markets is not sustained.

Catalina Whales Index Basic Points Table

Who Are The Founders of Catalina Whales Index

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Liquidity option for holders of rarer NFTs

Protocols like NFTX demand holders swap their whole NFT for 1 token to represent the pool. This forces sellers of rarer or above-floor NFTs to sacrifice all added upside for immediate liquidity. With Floor Indexes, a seller may sell 20% of their asset at floor to get some liquidity but sell the whole asset later and still retain 80% of the upside. By aggregating NFT liquidity and minting a fungible token which mechanics in place to track the value of the collection, Floor Indexes create a token with NFT exposure that can be used in other DeFi protocols. This enables new financial products like derivatives on top of these tokens.

Mechanics

A Floor Index has 0 tokens to start and mints 1,000 tokens for every deposited asset. Deposited assets are fractionalized prior to deposit, therefore only a full kilo-asset will mint 1,000 index tokens. Users can also deposit a portion of their dragon, receiving a proportional share of index tokens. Index tokens may also be acquired by purchasing shares for SOL on the open market. Index tokens may be swapped for any individual asset fractions backing the index. This is the only way to acquire the underlying shares of the specific asset.

All assets are fractionalized via the Bridgesplit protocol, meaning the assets support buyout, fusing, and more (see fractionalization docs for more info). Someone who owns a kilo-asset can burn the 1,000 shares to claim the full NFT to their wallet. Additionally, fractionalized assets may be put up for auction at the vote of at least 50% of shares. In the event of a buyout, shares may be redeemed for their pro-rata share of winning bid in SOL. Therefore, index tokens may be swapped for shares of a bought-out asset that still remains in the index and then redeemed for SOL on the asset’s page.

Why Choose Catalina Whales Index

The assets tab shows the contents of the index and the price (denoted in shares) for the assets. If asset swaps are enabled, the buyout button will be blue for anyone with enough shares to purchase the asset. The vote tab is where a user will directly interact and place/change votes as they see fit. The manage tab allows users who create indexes to change the respective prices and add new assets to the pool. The trading panel allows users to swap on the AMM, provide liquidity to the AMM, and trade on an orderbook.

In a Dynamic Index, the Curator now has the ability to add assets and change the relative prices of the asset. This provides flexibility for the Curator in case his/her needs change or the market changes. However, a Dynamic Index can create a risk for traders. Curators may add low value assets to a pool or lower the relative value of an asset to enable a discounted purchase.

Where Can You Buy Catalina Whales Index (WHALES)?

Catalina Whales Index Tokens Can Be Purchased On Most Exchanges. One Choice To Trade Is On Raydium, As It Has The Highest WHALES/SOL.e Trading Volume, $8,947 As Of February 2021. Next is OKEx, With A Trading Volume Of $6,180,82. Other option To Trade Include WHALES/SOL And Huobi Global. Of Course, It Is Important To Note That Investing In Cryptocurrency Comes With A Risk, Just Like Any Other Investment Opportunity.

Market Screenshot

Qatar Inu Catalina Whales Index

Several Browser And Mobile App Based Wallets Support Catalina Whales Index. Here Is Example Of Wallet Which Support Catalina Whales Index – Trust Wallet For Hardware Ledger Nano.

FAQ Of Catalina Whales Index