True Freeze

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.

How to use True Freeze

Data

There are 4 contracts in mainnet:

• frETH token used as a locked ETH share 0xb4bd4628e6efb0cb521d9ec35050c75840320374
• True Freeze (FRZ) token used to incentives users for frETH staking 0x55b1e2d8b13e7acad03353fad58fc3fa065c5822
• TrueFreezeGovernor contract responsible for lock ETH to frETH emission 0xa4b41efc1b6f73355c90119aeefddb1ffcf907b0
• StakingRewards contract lock frETH for staking and accumulates reward in FRZ and give it to frETH stakers 0x573c0609a8cac30b7a8a65e3652f0511caeffd30

Data collected from transfers between these accounts with specific function like Stake, Lock, getReward.

Protocol logic is intuitive and simple - put one token0 into contract and the contract give you other token1 proportional with your token0 share in contract. frETH and FRZ tokens have 18 decimals.

There are Deposit (Withdrawal), Stake (Unstake) and getRewards functions.

• Deposit (called lockWAsset) function for mint frETH for ETH - “freeze” ETH. Mint TrueFreeze NFT position with lock metadata. Transaction through TrueFreezeGovernor. Deposit example Withdrawal example.
• Stake function is for put minted (or buyed on Uniswap) frETH for FRZ reward. Transaction through StakingRewards. Stake example.
• getReward for claim FRZ from staking contract. Transaction through StakingRewards. getReward reward example.

Metrics

Metrics are divide into 3 category:

• Flow (deposits withdrawals stake unstake)
• Users (Unique first transaction time grouped users count as new users, and unique daily users transaction time)
• Total amount locked staked are cumulative sum for all time.
• Total FRZ reward for stakers.

Conclusion

• 11 ETH “Freezed” for 22 frETH, almost all these frETH staked.
• Protocol has launched recently and has few users.
• 3M FRZ totally paid to 14 stakers. Only 15 unique users.
• Some users made more than 1 actions.
• There were only one withdrawals and no one unstake.