Project : True Freeze

Bounty Name : FRZ Airdrop Activity After Claim

\n Question: What percentage of all eligible addresses have claimed the airdrop?

After claiming their allotment in the FRZ airdrop, what do participants do with their FRZ tokens?

Date of analysis : 2022-08-21

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.

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That's it, that's the protocol. It is explicitly designed to be the least complicated and most accessible yield in all of DeFi by creating a free market mechanism to price the time-preference rate for ETH.

FRZ

Freezer NFTs are minted when WETH is locked into the future. Redeeming the NFT early requires fees (in frETH) and a 0.25% WETH penalty. This is revenue to stakers of the FRZ token. Thus, the FRZ token is a standard dividend token.

Methods

Tables I used:

ethereum_core.fact_token_transfers

ethereum.udm_events

FRZ Contract: 0x55b1e2D8b13E7acad03353FAD58fc3FA065C5822

Metrics

• Eligible claimers
• Total Claimers
• Percentage of claimers
• Total Airdropped
• Amount Claimed
• Percentage of Claimed
• FRZ txs In & Out of airdrop participants
• Current FRZ holders from airdrop
• Average holding time
• Maximum holding time
• Distribution of Average Holding Time of FRZ Token
• Number of transactions of FRZ token by transaction type
• Popular Contracts For Airdrop Claimers

Total wallets that eligible for AirDrop was 230K and the number of wallets that claims their AirDrop was 1122 wallets. This show less than 1% of eligible AirDrop users claimed their AirDrop. The amount of FRZ claimed was 58M and this is 58% of total AirDroped token. The current FRZ holders was 675 and it show almost half of those who received an airdrop hold it and this is a sign that there are loyal users. Aveage holding time of FRZ token was 16 days and in average users prefer to hold their token for 16 days, in other side we have some holders that hold their tokens for 44days and this show FRZ has loyal holders.

The highest amount of FRZ claimed in one day was for Jun 29 and amount of FRZ claimed was 113K and amount of claimers was 500. The most users transactions type was stake it mean users prefer to stake their FRZ token after claim AirDrop. Most contract users prefer to use was WETH.