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❄️ Time for a FAQ thread ahead of our launch ❄️
1) What is #DefrostFinance?
📢 Defrost Finance (defrost.finance) is a decentralized protocol that allows you to leverage LP tokens & other pool tokens from @avalancheavax as collaterals for generating the $H2O #stablecoin
1) What is #DefrostFinance?
📢 Defrost Finance (defrost.finance) is a decentralized protocol that allows you to leverage LP tokens & other pool tokens from @avalancheavax as collaterals for generating the $H2O #stablecoin
2) Why would you want to mint H2O?
📢 Because:
🪙 It gives you extra rewards on your LPs
💵 You get a #stablecoin you can use to invest elsewhere
🤑 You receive $MELT
💎 You get to re-stake both $MELT and $H2O in other pools (coming soon!). That means even more rewards.
📢 Because:
🪙 It gives you extra rewards on your LPs
💵 You get a #stablecoin you can use to invest elsewhere
🤑 You receive $MELT
💎 You get to re-stake both $MELT and $H2O in other pools (coming soon!). That means even more rewards.
3) What is $MELT?
📢 Melt is #Defrost's governance token.
You can use it to ⬇️
💰 Access profitable staking opportunities
⚡️ Join the platform governance system
💲 Pay fees
📢 Melt is #Defrost's governance token.
You can use it to ⬇️
💰 Access profitable staking opportunities
⚡️ Join the platform governance system
💲 Pay fees
