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Smart contract of the following asset can be modified by the contract creator (for example: disable selling, change fees, mint new tokens, or transfer tokens). Please exercise caution before taking any action and DYOR.

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Kontrak

Avalanche C-Chain: 0xe6d1...af34b6

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Medsos

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Penjelajah blockchain

UCID

20465

Tag

Avalanche Ecosystem

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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.

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