This proposal aims to create an economic alliance between Migaloo and Terra using the boneLuna liquid staking token developed by Backbone Labs. When evaluating this proposal, please note that it comes in tandem with the alliance creation between Migaloo and Terra using the ampLuna liquid staking token developed by Eris Protocol. Assuming both proposals pass, roughly 4.762% of the native Whale inflation will be directed to stakers of the respective liquid staking tokens on Migaloo, each earning half of the inflation. Further, both assets will be subject to an annualized take rate of roughly 1%, distributed to Whale stakers, creating a hedge against volatility. This alliance is a pivotal moment for the Whale community marking the beginning of our economic expansion.

Vote YES to approve the alliance creation. Vote NO to disapprove the alliance creation. Vote NO WITH VETO to disapprove the alliance creation and forfeit the proposal deposits. Vote ABSTAIN to abstain from the decision.