Tokens
AVAXF - Pegged Token
AVAXF is designed to be algorithmically pegged to the price of AVAX. The utility of AVAXF will be to become a decentralized pegged bluechip for things such as exchange, staking, lending, borrowing, and more. The protocol's algorithm aims to maintain AVAXF 's peg of 1:1 AVAXF:AVAX in the long run.
FRZN - FrozenBlock Shares
FRZN is one of the ways to measure the value of the FrozenBlock Finance Protocol and trust in its ability to maintain our tokens close to peg. During epoch expansions, the protocol mints peg tokens and distributes them proportionally to all FRZN holders who have staked their tokens in the Boardroom. FRZN holders have DAO voting rights on proposals to improve the protocol and future use cases within the FrozenBlock Finance ecosystem. FRZN has a maximum total supply of 50,000 tokens distributed as follows: 38,000 for Pool Rewards 6,000 for DAO Wallet 6,000 for DEV Wallet All FRZN allocations will be vested over 300 days.
bAVAXF - Frozen AVAX Bonds
The main job of the bond token is to help incentivize changes in the peg token's supply during an epoch contraction period. When the TWAP (Time Weighted Average Price) of the peg token falls below 1 TWAP, bonds are issued and can be bought with the peg token at the current price. Exchanging the peg token for bonds then burns peg tokens, taking them out of circulation (deflation) and helping to get the price back up to peg. These bonds can be redeemed for the peg token when the price is above peg in the future, plus an extra incentive for the longer they are held above peg. This amounts to inflation and sell pressure for the peg token when it is above the peg, helping to push it back toward 1 TWAP. Contrary to early algorithmic protocols, bonds do not have expiration dates. If your peg token is below peg exchange it for bonds and redeem after peg is above 1.1 to receive bonus peg tokens. All holders are able to redeem their bonds for peg tokens as long as the Treasury has a positive peg token balance, which typically happens when the protocol is in epoch expansion periods.
USDF - Frozen USD
Frozen USD is FrozenBlock's native stablecoin. USDF will be a fully collateralized stablecoin which means that users can not take on a loan of more than 100% of the value of the collateral they deposit. This ensures that at all times, there will be actual asset value backing the stablecoin price. USDF will be made available after the first peg token launch and will continue to be an important part of the FrozenBlock ecosystem.
Future Tokens
As previously mentioned, FrozenBlock's main difference versus other protocols is that we will be diversifying and launching multiple peg tokens. This will allow users to earn yield on all of thier favorite blue-chips rather than having to pick just one. Some of our future peg tokens will include: ETHF - Frozen Ethereum BTCF - Frozen Bitcoin BNBF - Frozen Binance FTMF - Frozen Fantom LINKF - Frozen Chainlink Each new peg token will be released at a different time. As the protocol progresses and the community grows, a voting system will be put in place to determine which peg token gets released next.
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