Frozen Walrus Finance

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Frozen Walrus is a seigniorage protocol at it's core built with sustainable yields to last with community support. We are expanding our ecosystem into avenues that allow users utility with our tokens to give them constant value through GameFi and TradeFi mechanics.

Walrus token ($WLRS)

  • ($WLRS) is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain $WLRS's peg of 1 $WLRS : 1 $USDC.e in the long run.

Walrus Shares ($WSHARE)

  • Are one of the ways to measure the value of the Frozen Walrus Protocol and shareholder trust in its ability to maintain $WLRS close to peg. During epoch expansions, the protocol mints $WLRS and distributes it proportionally to all $WSHARE holders who have staked their tokens in the Boardroom.
  • $WSHARE holders have voting rights (governance) on proposals to improve the protocol and future use cases within the WLRS money ecosystem.

WBOND (Bonds)

  • Bonds are unique tokens that can be utilized to help stabilize WLRS price around peg (1 USDC.e) by reducing circulating supply of WLRS if the TWAP goes below peg.

LP Nodes

  • Nodes cost a static amount of LP similar to a static amount of regular single tokens to create. The goal was to make them roughly $50 dollars. It is important to know this price can go up or down based on WSHARE or WLRS price.
  • Once a node is purchased you will then receive that same LP back to you at a daily rate of 1.5% to 3%. This is accomplished by sending the purhcased amount of LP to a reward pool along with everyone elses purchased amount. This reward pool will then send out daily rewards in LP back to users that have purchased nodes.

Rebates

Rebates are enabled when WLRS is at TWAP > 1.2 USDC.e

Rebates allows for bonding assets.

Bond Liquidity:

  • WLRS/USDC.e LP
  • USDC.e
  • AVAX
  • By bonding these tokens, they are added to the treasury and contribute to protocol owned liquidity. This ensures that these tokens can accrue liquidity, making the price more stable over the long term.
  • At the price of each asset, you will receive the USD amount of WLRS based on the prices at the time of bonding.
  • The bonding premium % percentage represents the potential ROI (return on investment) at the current time of bonding.

Sources:

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