TrueFreeze Coin Review : Is It Good Or Bad Coin Read Our Article

About TrueFreeze Coin

TrueFreeze Coin is an autonomous protocol allowing anyone to lock ETH out of circulation (“proof of patience”) and mint frETH yield tokens and a tradeable Certificate of Deposit Freezer NFT for doing so. It is explicitly designed to be the least complicated and most accessible yield in all of DeFi by creating a free market mechanism to price the time-preference rate for ETH.

The freezer-ETH yield tokens (frETH) is your tokenized proof of patience. When you lock ETH into the future you’re committing to HODL that ETH. You might already be bullish on ETH, but the market doesn’t know that. By using True Freeze, you create on-chain evidence of your willingness to HODL ETH (proof of patience).

TrueFreeze Coin Point Table

What problem is True Freeze solving?

There is no such thing as risk-free. But, in traditional finance, more money flows to lower risk things (e.g., treasury bonds) than higher risk things (e.g., tech stocks). Some even consider the US Treasury Bond as the benchmark ‘risk free’ asset. US Treasury Bonds are the US government taking dollars from the ‘open market’ and locking those dollars into the future.

At maturity, owners of these bonds redeem them for cash. In DeFi, there are a variety of yield opportunities, some riskier than others. Instead of lending assets to others or automatically buying/ selling assets (which is what liquidity pools do), True Freeze allows people to lock ETH into the future and get paid from people bringing ETH back to the present (early).

Why would frETH have any value?

People need frETH to redeem Freezer NFTs early, e.g., to sell ETH high and rebuy it low. The fees from early redemptions goes to stakers of the Freezer Revenue Token (FRZ). To keep the system functioning autonomously forever, FRZ inflates over time. People who burn frETH split this flow of inflation forever. So assuming revenue is flowing, burning frETH to get and stake FRZ earns that revenue flow.

Is this just a Ponzi game?

No. ETH is a volatile asset and people actively trade it. The True Freeze ecosystem gets value from a single source: people willingly paying fees to turn the NFTs back into liquid ETH prior to the NFT’s maturity date. True Freeze absorbs value from ETH’s volatility. If 100% of the market is patient and nobody ever redeems the NFTs early; then FRZ and frETH will trend to 0 (no revenue = no value). The more impatient the market, the higher the values of FRZ and frETH.

Why Choose TrueFreeze Coin?

The Target Market

In any market, higher risk generally has higher yield and lower market caps. This is why yield must be adjusted for risk. This see this in DeFi today. Big blue-chip protocols like AAVE hold billions of dollars of ETH both for collateralized loans (e.g., borrowing USDC) and because it’s a well-audited place to store ETH for non-zero yield. Smaller protocols with less audits and more complexity hold less ETH. But (using April 2022 numbers) the vast majority of ETH isn’t in DeFi at all. There’s >110M ETH. And blue chip protocols hold only 100,000s of them.

Smart Contract Risks

Even with audits, smart contracts can have bugs. For upgradeable contracts, you have risks associated with the contract controller changing the code without your knowledge or understanding (possibly introducing bugs). For immutable contracts, you have the risk that there is a bug that can’t be patched at all without launching an entirely new contract.

Liquidity Bootstrapping

Deep Freeze LLC has no control or emergency powers over this liquidity pool. This seeded a tiny amount of liquidity ( < 2 ETH) and set an initial price of frETH at 0.05 ETH just to kick things off but otherwise it is completely autonomous. Because Curve non-CRV rewards are distributed 1-week at a time, Deep Freeze LLC developed a Gelato/Chainlink Keepers compliant distributor contract to permissionlessly distribute FRZ rewards to the gauge over 2 years.

Where Can You Buy TrueFreeze Coin?

Tokens Can Be Purchased On Most Exchanges. One Choice To Trade Is On Uniswap (V3), As It Has The Highest FRZ/WETH. 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 FRZ/WETH 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

TrueFreeze Coin Supported Wallet

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

FAQ Of TrueFreeze Coin