Walrus WLRS
WLRS
0.004648
€
0.00 %
Change 24h
Market Cap
€ 0
Volume 24h
€ 2.183
WLRS
€
# | Exchange | Pair | Price | Volume 24h |
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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.