What Is Frozen Walrus Share(S2E)? Complete Guide & Review About Frozen Walrus Share

Frozen Walrus Share 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 the 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?

WSHARE Price Live Data

The live Frozen Walrus Share price today is $101.70 USD with a 24-hour trading volume of $131,266 USD. They update WSHARE to USD price in real-time. Frozen Walrus Share is down 1.18% in the last 24 hours. The current CoinMarketCap ranking is #3807, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.

What is goal?

Frozen Walrus Share 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!

It 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 tokens.

$WSHARE – Walrus Shares

Frozen Walrus Share ($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

Frozen Walrus BoardRoom Mechanics

Deposits/withdrawal of $WSHARE into/from the boardroom will lock Frozen Walrus Share for 4 epochs and $WLRS rewards for 2 epochs. Claiming $WLRS reweards will lock staked $WSHARE for 4 epochs and the next $WLRS rewards can only be claimed 2 epochs later.

Distribution of WLRS

They have changed the normal model of distribution of WLRS through the Boardroom per epoch. They have made these changes to give a heavier allocation to the DAO and insurance fund (which will be dedicated from the DAO to deploy in circumstances where we are below peg).

65% as Reward for Boardroom WSHARE Stakers 20% goes to DAO fund 10% goes to Insurance 5% goes to DEV fund

Dynamic Inflation

Frozen Walrus Share has dynamic inflation of WLRS in the boardroom. They have a sliding scale based on TWAP for inflation percentage per epoch. At 1.01 TWAP they will inflate at 1%, and at 3.0 TWAP or more ($WLRS at $3 or more) we will reach max expansion which can be viewed in the table below. It will increase and decreased based on TWAP(e.g. at TWAP 1.5 with max expansion at the time set to 3% we will see a print of 1.5%)