$449.120000
-$2.438415(-0.54%)
Market Cap
--
24h High
$451.600000
24h Low
$449.120000
24h Turnover
$1.23K
Total Supply
35.32106157339714
Market Sentiment
Neutral
About frETH (FRETH)
True Freeze is a fully decentralized proof of patience protocol. Users lock ETH for between 1 and 1,100 days. Doing so mints (1) a certificate of Deposit NFT that represents the position and (2) freezer-ETH (frETH) that represent their tokenized patience.
It is designed to be a 0-human in the loop primitive that works autonomously forever.
The NFTs can be traded like zero coupon bonds on any NFT marketplace. The frETH tokens are bought and sold because the withdraw *early* requires a small ETH (0.25%) and variable frETH fee.
Withdrawing (i.e., redeeming an NFT) very early (in the first 2/3rds of the lock time) requires MORE frETH than originally minted by that NFT.
This fee revenue goes to stakers of the FRZ token. The FRZ token inflates over time autonomously. This new FRZ is split among users who *burn* frETH. This creates an autonomous flywheel that absorbs the volatility of ETH (people redeem NFTs to sell ETH high and rebuy low) into the frETH and FRZ token values.
The supply of frETH will be the amount minted minus the amount burned in redemptions or for the FRZ emissions.
Risk Disclosure
Cryptocurrencies are high-risk assets and are subject to significant price volatility. The value of digital assets may fluctuate sharply within a short period of time, and you may lose part or all of your investment principal. Past performance does not guarantee future results.
Before engaging in any transaction, you should carefully assess your financial situation, investment experience, investment objectives, and risk tolerance, and ensure that you fully understand the characteristics and risks associated with cryptocurrencies. If necessary, you are advised to consult an independent professional advisor with the appropriate qualifications.
Disclaimer
The information provided on this page is for general reference only and does not constitute any form of investment, financial, legal, tax, or trading advice, nor does it constitute any offer, solicitation, or recommendation.
Gate makes no representations or warranties regarding the accuracy, completeness, or timeliness of the relevant information and assumes no liability for any losses arising from users' own decisions based on such information.
Gate products and services may be restricted in certain jurisdictions or for certain users. Before using the relevant services, please ensure compliance with applicable laws and regulations, and refer to the User Agreement for provisions regarding restricted regions and service limitations.