What Is Frozen Walrus Share(WSHARE)? Complete Guide & Review About Frozen Walrus Share

What Is Frozen Walrus Share(WSHARE)?

Frozen Walrus Share 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.

Important Points Table Of Frozen Walrus Share

How to Buy the Continental & Trade On Exchange?

What is goal?

The goal of this project is to give people a safe, sustainable farming protocol that works with long term vision, exciting new features and educational materials that aim to garner a large group of collective educated investors. They aim to make the $WLRS token something that people will buy regardless of knowing of the underlying seigniorage protocol, giving the token terminal utility and a future to stand on it’s own!

Frozen Walrus Share is also important to know, they are not trying to attract people with high APR or extremely unsustainable yields. This is a long term project with extremely rewarding yields for the average investor. They plan on doing things different so that you can sustain an ever growing portfolio here at Frozen Walrus with many benefits to holding the tokens.

Glossary

Algorithmic Stablecoin

Algorithmic Stablecoins are variants of cryptocurrency that aim to improve price stability without having to back by reserve assets. These are instead based on an algorithm or a set of rules made to balance the supply and demand of the coin.

APR

Annual Percentage Rate. The annual rate of return that your capital will gain in a year.

APY

Frozen Walrus Share Coin Percentage Yield. The annual rate of return that your capital will gain taking into consideration compounding.

Asset

Refers to anything with economic value.

Auto compounder

An auto compounder is a protocol where you can stake your tokens or liquidity pairs and earn interest which you will see as APY

Blockchain

The technology running in the background of cryptocurrencies that keeps everything decentralized. It is a digital form of record keeping.

Boardroom

Frozen Walrus Share boardroom is a mechanism to lock your share token up for a certain amount of epochs and in return (granted the TWAP is above 1.01) you are given a percentage of the peg token inflation each epoch. It is, in simple terms, a locked single stake of the share token asset with a few parameters.

$WSHARE – Walrus Shares

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. WSHARE has a maximum supply of 50862 tokens distributed as follows:

• DAO Wallet: 11500 WSHARE over 12 months (500 sent at launch)
  • The airdropped amount can be used for early LP to help stabilize prices.
• DEV Wallet: 5640 WSHARE over 12 months (360 sent at launch)
  • For giveaway winners, and payments.
• Farming Rewards: 33722 WSHARE
• Emissions for WSHARE will end May 2023