What is TrueFreeze?

True Freeze is an autonomous protocol allowing anyone to lock ETH out of circulation ("proof of patience") and mint frETH yield tokens and a tradeable Certificate of Deposit Freezer NFT for doing so.

1. Get paid to send ETH into the future.
2. Pay to bring ETH back to the present.

What is Early Redemption?

An Early Redemption Penalty (also known as an Early Repayment Charge or ERC) is a fee you may be required to make to a lender if you pay off a loan or mortgage before the scheduled term of the credit facility, also sometimes referred to as a Redemption Penalty.

True Freeze users can pay a fee to unlock their ETH early. If anyone unlock his/her ETH before the certain time, he/she should pay some frETH as fee and a fixed WETH penalty,

Methodology

• At first we take a look at the sum of fees that users paid to early unlock their ETH
• Then we will find the percentage of locked ETH was unlocked early

Sum of fees that users paid to early unlock

As we see in the results above there was only one user and one transaction for early unlock on June 10th and the user paid 0.02 frETH as early unlock fee

What percentage of locked ETH was unlocked early?

Here is the result for this question

Conclusion

The users of TrueFreeze can lock their ETH and earn profits by HODLing ETH in bearish market using TrueFreeze, but if they want to unlock their locked ETH before the maturity time they should pay some frETH as fee and a fixed WETH penalty.

There was only one user that unlocked his/her ETH and paid 0.02 frETH as fee.