True Freeze is a public good proof of patience primitive:
Get paid to push ETH into the Future. Pay to bring it back to the Present.
Anyone can lock WETH into a Certificate of Deposit Freezer NFT (NFT is pegged 1:1 with WETH).
In exchange they earn freezer-eth (frETH) yield tokens (NOT pegged to ETH).
Each CD NFT has a maturity date. After the maturity date, it can be redeemed for its ETH 1:1 at NO cost (besides gas). BEFORE its maturity date, early withdrawals have fees in frETH and a 0.25% WETH penalty.
Impatient people pay early withdrawal fees. That's the protocol revenue. Simple on purpose.
More info at: truefreeze.xyz
The profitability of True Freeze depends on the price of frETH. Realistically, 2 - 2.5% NFT Marketplace fees are too high for DeFi NFTs. Consider using NFT.org or X2Y2 for more reasonable fees!
NO DISCORD // NO TELEGRAM // NO DAO // NO ADMIN // NO GOVERNANCE
The protocol is fully autonomous forever. 0% Royalty fee.
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