Frozen Walrus Finance is an algorithmic stable coin protocol pegged 1:1 to USDC on Avalanche via seigniorage.
The protocol's underlying mechanism dynamically adjusts WLRS's supply, pushing its price up or down in relation to the price of USDC. This should be $1 however there may be times where USDC loses its peg and if our protocol is functioning as intended will follow USDC to keep pegged 1:1 to it.
The protocol's underlying mechanism dynamically adjusts WLRS's supply, pushing its price up or down in relation to the price of USDC. This should be $1 however there may be times where USDC loses its peg and if our protocol is functioning as intended will follow USDC to keep pegged 1:1 to it.
| Website | frozenwalrus.finance/ |
| Socials | twitter.com/WalrusFinance |
| Socials | github.com/frozenwalrus/interface |
| Socials | discord.gg/ByAQQYVh92 |
| Contracts | 0x3959...a555d3 |
| Explorers | snowtrace.io/token/0x395908aeb53d33A9B8ac35e148E9805D34A555D3 |
