What is TrueFreeze ($FRZ)?
True Freeze is a fully decentralized proof of patience protocol. Users lock ETH for between 1 and 1,100 days. Doing so mints
- a certificate of Deposit NFT that represents the position and
- 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 FRZ token acts like a standard dividend receiving asset. The value flow of inbound frETH and WETH determines its theoretical value. It's market value is free market determined.
The FRZ token's supply inflates over time to ensure that earlier adopters do not have an unfair advantage over long-term users of the protocol. Newly inflated FRZ is split proportionally among everyone who burns frETH.