Steps to take to claim your $Sail airdrop for Migaloo/ White Whale participants.

Introduction

According to Osmosis Proposition 708, there are 100 million $SAIL tokens to be airdropped to Migaloo (chain) participants using primarily the White Whale (WW) dex. The WW dex is multi-chain and exists for these exercises on both Terra and Migaloo blockchains. Eris Protocol generates liquid-staked tokens of $WHALE, governance or $vampWHALE, and arbitration or $arbWHALE. $vampWHALE can be used to promote your favorite validator, but keep your tokens in your wallet until after the airdrop to ensure they are registered properly. $arbWHALE is a derivative token that increases in value through the efforts of an arbitration bot.
The WW dex is found at: https://app.whitewhale.money/migaloo/dashboard.
The dashboard to stake is found at: https://app.whitewhale.money/migaloo/dashboard.or https://station.money/stake
Eris Protocol is found at: https://www.erisprotocol.com/migaloo/amplifier/WHALE.
The new Terra Station Wallet (version 3) works for all the tasks and is much improved. Detailed instructions are provided at: .
Briefly for Brave Browser in top right corner, choose the jigsaw puzzle icon (follow green arrow in the screenshots), which opens the extensions for Brave.
Select Manage Extensions:
Click on “Web Store” to get Station Wallet extension.
Search for Station Wallet:
The Station Wallet page will appear. In the top right hand corner, the “Add to Brave” button appears. Press it.
You will get a message that your extension has been added to Brave. Make sure to pin Station Wallet for easy access. Click the extension icon (jigsaw puzzle on top right) and then click the pin by Station Wallet. It should turn blue and your are set for your airdrop journey. The Station Wallet icon should be in the bar by the extension icon.
Click on the Station Wallet icon in the bar. A menu may show with instructions about the new release. Just click on the X to close the window.
Select appropriate button depending on your use. Import existing wallet does have a warning that it only imports existing Station Wallets. If creating a new wallet, remember to write down your seed phrase and store it in multiple safe place. The seed phrase is the key to your wallet and should never be disclosed.
Step through the prompts and generate a secure password. Check “I have written down the recovery phrase” and write it down because you will be tested on the next screen.
Select the correct words, then your wallet will be created.
If your wallet is an existing wallet, then tokens may already be present. For a new wallet, tokens must be moved to the wallet. Osmosis.zone is a great dex for onboarding and you can swap multiple tokens to WHALE or USDC on the dex.
Tokens can be moved directly using Station Wallet or the apps “tfm.com” or “ibc.fun”. The former is a little more intuitive and had IBC transfer mode that is less prone to errors. On tfm.com, first connect wallet by pressing green button in top right.
Select IBC Transfer in the top right hand corner.
Enter the source chain (Osmosis) and the destination chain (Migaloo). Each exercise earns rewards and each exercise is assigned a number of $SAIL tokens for the airdrop. Some are more complex than others, requiring multiple steps and cross chain transfers while others require more WHALE to achieve the max airdrop. So plan ahead, how many WHALE you need to complete the tasks you want to undertake. Fortunately, fees are low (generally <$0.02 or ~2 WHALE), so you can add more if you want. The Insufficient WHALE balance will turn to a green transfer button when you WHALE to transfer.
The first 2 exercises are included in this article. 3–8 are included in the next Medium article.

1. Stake 1k native $WHALE.

This is an exercise to familiarize you with staking of $WHALE to a validator on Migaloo. It can be accomplished through multiple means but station.money is easy. Press the Station Wallet icon on top right, and then select the rising chart with arrow icon on top right (dashboard). Click and this takes you to station.money. Alternatively, enter station.money/stake into browser bar.
Click Stake on the left hand menu and the following page appears.
Hit connect wallet button and select Station wallet.
Approve the connection. The Connect button on top right should now have your wallet name. Station works with many IBC chains and keeps track of your wallets on each of the chains.
There is the quick stake tab (middle of the page) or manual stake tab to the right of it. Manual stake allows the user to select the validator whereas quick stake chooses for you. Change the Luna drop down menu to Whale and then select stake.
Press stake on the same line at WHALE (21 days for unbonding). Enter the number of WHALE you wish to stake; the exercise calls for 1k WHALE to be staked.
Your staked whale should appear in the delegations box on top right hand side. Make sure that the chain is Migaloo (preferably) or All. You can click on the delegation box for more information (like verifying the number of staked $WHALE.
Congratulations! You have completed exercise 1 and should be eligible for the $Sail airdrop. Note, WW may change criteria and this is for information purposes only. Check the amount staked and any changes to the criteria.
If you want to earn more airdrop $SAIL, continue to the next exercise.

2. Bond ampWHALE or boneWHALE to WW dex on Migaloo. Level 1: 1k. Level 2: 25k.

AmpWHALE and boneWHALE are LSTs of WHALE by Eris Protocol and Backbone Labs, respectively. As time passes and more staking rewards are reinvested in the LST, the number of WHALE per LST increases. This is a tax efficient way to earn your yield if you hold in the US for more than 1 year (long-term capital gains). The current APR for ampWHALE is 6.6% with 1.07 WHALE = 1 ampWHALE.
Bonding is great way to 2x compound: earn yield on LST but earn rewards from the transactions on the chain (in this case Migaloo) dex. Other chains include: Osmosis (coming soon), Terra, Injective, and Sei. The exercise requires you to use WW dex on Migaloo. The current 21-day yield on LST on Migaloo dex is 33%; this can be checked at https://deving.zone/en/protocols/white_whale/liquidity_hubs/migaloo. The total yield is 33% on the ampWHALE that is appreciating 6.6%. See our medium article linked at the ended for a more detailed description of the ERIS amplifier.
This is an exercise to familiarize you with bonding of LS-WHALE to the WW dex on Migaloo. We focus on Eris Protocol but the process is similar for Backbone Labs. https://migaloo.gravedigger.zone/. Click on the link to Eris Protocol: https://www.erisprotocol.com/migaloo/amplifier/WHALE. This takes you to amplifier (LS-generator) for WHALE.
Connect your Station Wallet by clicking on the Connect Wallet icon, agree to the terms, and select Station Wallet. Click WHALE and that shows you other tokens that can be amplified (including LUNA on Terra). We need WHALE, so it is correct. The following screen should show:
Press Stake button. Select the number of $WHALE you wish to convert to ampWHALE. Remember to hit the Level-1 target of 1k ampWHALE, you will need to convert more than 1k WHALE (1.08k) should be sufficient but double check. Complete the transaction. To verify, click the Station Wallet icon and scroll down. Your ampWHALE you be there. Alternative, click the dashboard icon in your Station Wallet (see above), which takes you to station.money. The ampWHALE number should be on right panel.
With your ampWHALE in your wallet, we now need to bond it on WW dex on Migaloo. https://app.whitewhale.money/migaloo/dashboard. The dashboard is for bonding and next icon to the right is for trading screen.
Connect your Station Wallet. The liquid token should give you a $ value that is the sum of your $WHALE plus $ampWHALE. If you click on the $value, it will show you the number of each tokens. Click on Bond button, and click on max button for ampWHALE, and then select Bond. Approve the transaction, and the bonded value should now be shown on the WW dex dashboard screen.
Approve the transaction, and the bonded value should now be shown on the WW dex dashboard screen (see above). Congratulations, you completed exercise 2 at either Level-1 if you bonded greater than 1k ampWHALE and Level-2 if you bonded > 25k.