Introduction / Glossary

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What is True Freezer?

True Freeze is a platform that gives users the ability to freeze their WETH for 1-1100 days. This removes the WETH from circulation and in exchange these different users get frETH freezer Ethereum yield tokens along with an NFT that has a date of maturity. Upon this date of maturity users can get their WETH back, but if you try and get it before the maturity there is a fee that you must pay and then goes to the stakers of Freezer Revenue Token.

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What is frETH?

Freezer ETH is a yield token that is proof that you have locked up your WETH. When a user locks ETH they are saying that they are going to hold onto the Ethereum that they have for that specific duration of time.

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Metrics / Methodology

In this dashboard we are going to look into various metrics that will help us analyze the performance of True Freeze. We will look into the early redemptions, the total NFT mints, and the volume and total transactions of frETH overall. From here we can learn how the entire network is performing

Freeze Ethereum Events and NFT’s

1. There have been a total of only 3 early redemptions meaning 36/39 users who have frozen their WETH have decided to keep it frozen up until this point

2. There has been no more than 5 users everyday and that is not a huge surprise as the network is fairly new and it can take years before a network gains a lot of traction

3. That being said it is not uncommon to have someone make more than one transaction or freeze in a day.

   1. This would most likely be to freeze the WETH up for different periods of time in case something were to happen it would not all be locked up at once giving the user a bit more option and control over all their assets

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frETH Transactions

1. There is not a lot of movement around of frETH
2. On June 20th there were 5 unique users and on this day the most amount of transactions transpired and the most amount of frETH was sent. Since that day there has been very little action with no more than 10 transactions a day and no more than 8 frETH transfered

Conclusion

1. True Freeze is new to the market and currently has no more than 5 different users a day
2. These different users are often using the protocol more than once per day
3. True Freeze is has 39 minted NFT’s and only 3 of those users have decided to redeem them early as of now