Generating Defrost Finance’s H2O Tokens Through Avalanche’s LP Tokens


Defrost Finance is a decentralized protocol that enables users to stake liquidity provider (LP) tokens and more from Avalanche – and eventually from other chains as well – to create a new stablecoin, the H2O.

When users employ their crypto assets from decentralized exchanges to mint H2O, they are rewarded with the platform’s governance token called MELT. With this offering, users can enjoy additional use cases for their pooled assets and earn rewards in the process.

How To Get Free Crypto  

The innovative platform is completely fair launch, having prioritized the entire community of users. As such, there are no special privileges between large investors and small investors. Fairness is achieved by eliminating any initial coin offerings (ICO), pre-sale token releases, or any other event that would give one investor group an advantage over the other.

The First Native Stablecoin in Avalanche

Marking Defrost Finance as a pioneer in the blockchain space, the innovative platform’s H2O is the first native stablecoin on the Avalanche chain. More strategically so, H2O takes a very much defined market position presenting the platform and its entire community of users with a lot of opportunities.

The value proposition by Defrost Finance is that investors can reap rewards (MELT) on their LP assets, while minting H2O. Both can then be staked, allowing LPs that would otherwise sit idle to be put to a good use to gain further rewards or for portfolio diversification.

Thanks to the platform’s in-built cross-chain capabilities, in the future it will also be possible to get liquidity from other chains, an attribute that presents an opening for future expansions and collaborations. Among the steps the platform has made so far for H2O is collaborating with Trader Joe and Benqi, with Pangolin waiting in the wings.

Coinbase Banner  

Trader Joe is the largest decentralized exchange on Avalanche, while Benqi is a non-custodial liquidity market protocol also established on Avalanche. Pangolin is a community-oriented decentralized exchange for Avalanche and Ethereum assets famous for fast transaction settlement, low fees on transactions, and fair distribution.

More Liquidity

Defrost Finance’s H2O helps improve users’ capital efficiency by allowing them to provide liquidity to gain more returns from their trades. The H2O stablecoin is supported by current collaterals that are renowned for value as well as liquidity, reducing financial risks.

Building the first native stablecoin on one of the fastest blockchains in the world, Defrost Finance envisions the development of a fully decentralized stablecoin able to release more liquidity from LP tokens.

The generation of H2O is smart-contract managed and based upon trustless and decentralized cross-chain operations.

Important Note: There have been reports of scammers approaching companies via Telegram, LinkedIn and Other Social platforms purporting to represent Blockonomi and offer advertising offers. We will never approach anyone directly. Please always make contact with us via our contact page here.

FreeBitcoin Banner  

Go to Source
Author: Oliver Dale

Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.