Defrost Finance Price (MELT)

What Is Defrost Finance(MELT)?

Defrost Finance is a decentralized protocol that allows you to utilize liquidity pool (LP) tokens and other pool tokens from various Avalanche and cross-chain protocols as collateral for generating H2O, a soft-pegged stablecoin native to the Avalanche ecosystem.

Defrost Finance helps users improve capital efficiency from assets locked in pools or vaults. Defrost Finance allows users to provide liquidity to gain additional yields from features such as farming, borrowing, staking, swap, and bridge support for convenience when trading.

What Makes the Defrost Finance(MELT) Unique?

• Defrost Finance gives birth to a stablecoin, H2O, which is backed by existing collateral with a proven record of value and stability. H2O can be minted by depositing collateral such as liquidity provider tokens from AMM (automated market maker) dexes (decentralized exchanges), lending, and other DeFi protocols.
• The project envisions creating a stablecoin that is not USD-backed and at the same time releases more liquidity from Liquidity Provider tokens (LP tokens). 
• LP tokens collected from different chains and protocols can be used as collateral for minting H2O. The minting and burning are fully controlled by smart contracts. The overall mechanism is based on trustless and decentralized cross-chain functions/bridges.

How to Stake Melt Coin?

MELT holders can choose to stake their MELT tokens and earn yields from protocol fees and mining rewards.

• 50% of the protocol fees as in H2O will be distributed to MELT Boosters (Please check more details in the Mining Boosting part). 
• MELT tokens will be rewarded for the MELT stakers per day on an auto-compounding basis, and the APY could be eligible to adjustment based on community governance. The auto-compounding mechanism is more beneficial for earlier stakers and longer-term stakers.
• MELT holders can easily stake their MELT from the Farming page on the UI.
• There will be no lockup requirement for MELT stakers.

What Is Defrost Finance(MELT) Token?

MELT is the governance token for the Defrost Finance protocols.

The utilities of MELT in the protocols are:

• MELT underpins voting power in the Defrost governance. As a governance token, MELT is used by its holders to vote on changes to parameters inside of the Defrost Finance Protocol like collateral types, Stability Fees, the H2O savings rate, liquidity mining incentives, minimum collateral rate, and many others.
• MELT is the final safety funds to the debts of the Defrost Finance protocols. MELT is bought back from the open market and burnt when Defrost Finance’s protocol reserves exceed a threshold. Inversely, when the Defrost Finance Protocol is suffering from a deficit and the system debt exceeds a threshold, MELT in the stabilizer system will be triggered and auctioned for H2O in order to recapitalize the system. 
• MELT stakers are eligible for the distribution of the protocol incomes. The protocol incomes are accumulated from the stability fee and liquidation penalty.
• MELT will be mined as the incentives for providing liquidity into the Defrost Finance protocols. More utilities will be unlocked in the future, like mining boosters, higher liquidation tolerance rate, NFT privileges, discounts in protocol costs, etc.

Where Can I Buy Defrost Finance(MELT) Token?

Investing in Defrost Finance(MELT) Token can seem complicated, but it is much easier when you buy Defrost Finance(MELT) Token through a cryptocurrency exchange. Signing up for a cryptocurrency exchange will allow you to buy, sell, and hold Defrost Finance(MELT) Token — both for fiat money and other cryptocurrencies. Some of the most popular Defrost Finance(MELT) Token cryptocurrency exchanges are:

• Hotbit

Defrost Finance (MELT) Community

• Twitter: https://twitter.com/Defrost_Finance
• Discord: https://discord.gg/KsZcADdBym
• Medium: https://medium.com/@Defrost_Finance
• Telegram: https://t.me/Defrost_Finance

What is Defrost Finance (MELT) Contracts address?

• Avalanche C-Chain: 0x47EB6F7525C1aA999FBC9ee92715F5231eB1241D