Defrost Finance

Defrost Finance

MELT
$0.000349266

Key Metrics

Price$0.000349266
Real Volume (24H)$0
Marketcap$5,307.61
Fully Diluted Valuation$173,303
ATH$23
ATH Date12/2/2021, 2:46:35 AM
ATL$0.00058984
ATL Date12/25/2022, 9:50:37 AM
Circulating Supply15M
Total Supply100M
WebsiteN/A
WhitepaperN/A
Popularity Rank4433
Chart
What is Defrost Finance?

Defrost Finance is an innovative decentralized financial protocol designed to help users enhance their capital efficiency and generate stablecoins by leveraging yield-bearing tokens or other pool tokens from Avalanche and cross-chain protocols. The platform offers a range of features, including farming, borrowing, staking, swapping, and bridge support, to help users maximize their returns and streamline their trading activities.

One of the main benefits of using Defrost Finance is that it allows users to unlock the value of their assets that are locked in pools or vaults. By using yield-bearing tokens or other pool tokens as collaterals, users can generate H2O, a stablecoin that is pegged to the US dollar. This stablecoin can then be used for various purposes, such as trading, investing, or simply holding as a store of value.

Another key feature of Defrost Finance is its support for liquidity provision. By providing liquidity to the platform, users can earn additional yields and enhance their returns even further. This is achieved through a process known as farming, whereby users stake their tokens and receive rewards in the form of additional tokens or other incentives.

Defrost Finance also offers borrowing facilities, allowing users to borrow against their collateral and access additional funds for trading or investing. This can be particularly useful for traders who need access to funds quickly or who want to take advantage of market opportunities.

In addition to these features, Defrost Finance also offers a range of other benefits, such as staking support, swap functionality, and bridge support for cross-chain trading. By using these features, users can streamline their trading activities and improve their overall trading experience.

Overall, Defrost Finance is an exciting platform that offers a range of innovative features and benefits for users. By leveraging yield-bearing tokens and other pool tokens as collaterals, users can generate stablecoins and enhance their capital efficiency. With support for liquidity provision, borrowing, staking, swapping, and bridge support, Defrost Finance is a comprehensive platform that can help users maximize their returns and streamline their trading activities.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

Stay ahead of the competition by accessing high-quality data, advanced tools, and expert research.

Try for Free

Top Assets

AssetPrice24HMcap
Loading...

We use cookies for personalization, social media, and analytics, and share usage data with partners.