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What is Frost?

The $FROST algorithmic token serves as the backbone of a rapidly growing ecosystem aimed towards bringing liquidity and new use cases to the Avalanche network, called Frozen Capital. The protocol's underlying mechanism dynamically adjusts $FROST's supply, pushing its price up or down relative to the price of $AVAX to maintain a peg of 100 FROST = 1 AVAX in the long run. Inspired by Tomb Finance, frozen.capital is a multi-token protocol which consists of the following three tokens: FROST ($FROST), Frost Shares ($FSHARE) and Frost Bonds ($FBOND)

Full description of Frost

The $FROST algorithmic Token (?) serves as the backbone of a rapidly growing ecosystem aimed towards bringing liquidity and new use cases to the Avalanche network, called Frozen Capital. The protocol's underlying mechanism dynamically adjusts $FROST's supply, pushing its price up or down relative to the price of $AVAX to maintain a peg of 100 FROST = 1 AVAX in the long run. Inspired by Tomb Finance, frozen.capital is a multi-token protocol which consists of the following three tokens: FROST ($FROST), Frost Shares ($FSHARE) and Frost Bonds ($FBOND)
  • Exchange symbol (?): FROST
  • Cryptocurrency type (?): Token (?)

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 Source: NOMICS

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