Walrus
1. Summary
- Description
-
Frozen Walrus Finance
Frozen Walrus Finance
Frozen Walrus Finance is an algorithmic stablecoin protocol that utilizes a two-token system to maintain a 1:1 peg with USDC (USD Coin) on the Avalanche blockchain. The protocol dynamically adjusts the supply of its native token, WLRS (Walrus), to achieve this pegged value. If USDC loses its peg, the Frozen Walrus Finance protocol is designed to follow and maintain the 1:1 relationship, ensuring that WLRS's value remains tied to the value of USDC. This mechanism ensures that WLRS stays stable relative to USDC, even in times of market volatility.
| Price | |
| 52W High price | $0.02 |
| 52W High date | 5th May 2023 (1 year ago) |
| All Time High (ATH) Date | 20th Sep 2024 (5 months ago) |
| All Time Low (ATL) Date | 20th Sep 2024 (5 months ago) |
| Supply & Trading Volume | |
| Trading Volume (24h) | $2.00 |
How does Walrus's () performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
%
51,605.8%
Similar Market Cap
No GitHub repos found. Either the project is not open source or we don't have data yet.
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Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | |
|---|---|
| Active Reddit Users (past 24h) | |
| Discord users | |
| Active Discord Users | |
| Telegram Users | 180 |
| Twitter followers | 4,537 |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://frozenwalrus.finance/ |
|---|---|
| Explorer | https://snowtrace.io/token/0x395908aeb53d33A9B8ac3... |
| @WalrusFinance |
What is the correct contract address for Walrus?
| Avalanche | 0x395908aeb53d33a9b8ac35e148e9805d34a555d3 |
|---|
Has Walrus been audited for security?
No security audits found for this project.
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