TrueFreeze Partnership Proposal

LobsterDAO<>TrueFreeze Partnership proposal

Important:

• If you have more questions about the proposal or wanna start a discussion, do it here - GitHub discussion or here - Gated TG chat

• here is a link to the project spotlight

What is TrueFreeze?

We've created an immutable/permissionless on-chain Certificates of Deposit ecosystem for blockchain native assets. You lock ETH for your chosen amount of time. You get paid a yield token, frETH as a F(amount, time). You also mint a Freezer NFT representing your deposit. The yield token's value (in ETH) is determined by the free market.

You get 1 frETH for locking 1 ETH out of circulation for 1 year. This is why we call it a "proof of patience".

The Freezer NFTs can be traded on any NFT marketplace and they function exactly the same way as zero-coupon bonds for pricing purposes. This is the key innovation of True Freeze- making it possible to buy ETH with ETH, e.g., buying a 50 ETH Freezer NFT that matures in 1 year for < 50 ETH.

This is risk minimized DeFi. No oracles, no liquidations, no collateral, no impermanent loss. Pure money for on-chain proof of patience.

The engine behind all of this is the FRZ revenue token. If you are patient and your CD matures, you can withdraw your ETH for 0% frETH fees and 0% ETH penalty (i.e., you earned all the frETH you minted and were paid upfront). BUT- early withdrawals require X frETH and 0.25% ETH penalty. Where X is a G(amount, time) and G() > F() for the first 66% of the lock time (see diagram here: https://truefreeze.xyz/mechanics#redeem)

These early withdrawal fees go to stakers of the FRZ token.

To maintain a multi-century anti-fragile tokenomics design; FRZ inflates (see here: https://truefreeze.xyz/mechanics#frz)

This inflation taxes holders of FRZ and forces them into a "Curve War" style fight to accumulate newly inflated FRZ to retain their % of revenue flow. Newly minted FRZ is distributed to everyone who has ever burnt frETH. Burning frETH earns a proportional new FRZ forever. (See the Curve War parallel?)

For more details on why this is sustainable tokenomics see the "Flywheel" diagram here: https://truefreeze.xyz/tokenomics#flywheel

👉 Website 👉 Docs 👉 Twitter

Welcome Lobsters!

Deep Freeze LLC is a very small scrappy team trying to do something cool in public goods. We aren't equipped to create a DAO, run operations, a multi-sig, found a team, raise money, etc. to monopolize on this product. So we want to find DAOs/Protocols to adopt this public good.

All the code is done and its been audited. We're launching in two weeks. We are already planning to airdrop the FRZ revenue token to Lobster Holders. But we wanted to do something interesting and also airdrop to DAOs.

Benefits to Lobsters

We'd like to airdrop 2% of the initial FRZ supply on ETH to the LobsterDAO multi-sig. This would function as a grant for you all to fund your building. You can stake it, grant it, etc. We hope you don't dump immediately, but technically can't stop you.

Ideal scenario is that by doing this, LobsterDAO has a sense of ownership (along with other recipients) of the public good and feels inclined to use True Freeze, help market it so people claim the airdrop, and maybe even build automated strategies on top of it or integrate it into other products.

Thank you! See PDF version of explainer here: Deep Freeze Explainer.pdf

Vote YES - LobstersDAO officially works with TrueFreeze Vote NO - LobstersDAO won't work officially with TrueFreeze. (Do note that we can't stop TrueFreeze to support Lobs on their end, but we will not endorse nor support it)