Overview

True Freeze is an autonomous protocol allowing anyone to lock ETH out of circulation ("proof of patience") and mint frETH yield tokens and a tradeable Certificate of Deposit Freezer NFT for doing so. The project is sustained by its native token FRZ.

The initial supply of FRZ is 100,000,000. Of this: The largest amount ~42,000,000 were allocated to an airdrop to 255,000+ ETH mainnet addresses that met a variety of DeFi & NFT activity conditions including:

• being liquidated on AAVE
• Earning WETH fees from providing [anything]/WETH liquidity on Uniswap v3
• Holding Lido Staked ETH
• Donating ETH to the official Ukraine ETH address
• Holding NFTs
• Others

Through this dashboard we will try to answer the following questions:

• What percentage of all eligible addresses have claimed the airdrop?
• After claiming their allotment in the FRZ airdrop, what do participants do with their FRZ tokens?

Results

Currently, a total of more than 1k users claimed their FRZ airdrop. However, comparing with the more than 255k wallets elegible, it only represents around 0.44% of them.

From the total of more than 50M of FRZ that can be airdropped, only 0.528% have been claimed so far, representing 305k FRZ.

Looking at the daily chart of claimed tokens and active claimers, we can see how during June and first days of July the activity was concentrated. However, since July 5th, seems that only few airdropers are claiming their tokens.

The highest activity was registered on June 29th when 500 wallets claimed a total of more than 113k FRZ.

Taking a look at what users are doing after claiming their tokens, we can see how over the more than 1k claimers, the major of them are holding their tokens. Around 10% are staking the tokens and a little bit more are transferring it.

Considering the FRZ tokens, more than 50% of it are being holded and then users didn’t do anything with them. Basically it remains on their wallets, 26% have been transferred while 22% have been staked.

Finally, it have seen that the average holding time in days for FRZ tokens is about 11 days.