Walrus
WLRS

0.1544
$
1.78 %
Change 24h
Market Cap
$ 0
Volume 24h
$ 3080.4
WLRS
$
Description
Frozen Walrus Finance is an algorithmic stable coin protocol pegged 1:1 to USDC on Avalanche via seigniorage. The protocol's underlying mechanism dynamically adjusts WLRS's supply, pushing its price up or down in relation to the price of USDC. This should be $1 however there may be times where USDC loses its peg and if our protocol is functioning as intended will follow USDC to keep pegged 1:1 to it.