Try Quests to earn cryptoTrueFreeze Redemptions
True Freeze users can pay a fee to unlock their ETH early. Let's get a look at the users who are unlocking earlier than expected.
Introduction and methods
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. However, True Freeze users can pay a fee to unlock their ETH early. The idea behind the project is to be able to acquire as many as holders as possible to make ETH a more comfortable and reliable crypto. While other platforms offers some interests for the staking process, True Freeze brings to the users a plenty of other benefits.
In another study we will define which are the benefits it offers, but from now, the intention of this dashboard is to calculate how much fees have been paid for early unlocksand what is the percentage of locked ETH that was unlocked early.
The current total fees paid for early redeptions are 0.00189 ETH, which is equivalent to 0.42$.
Looking at the numbers, we can assume that the fees are so low or that there has been a few redemptions until now.
From the total 11.31 ETH staked, only 0.2 has been withdrawn in an early stage, representing 1.76% of the total previous deposited amount.
Conclusions
Looking at the results, it is clear that the users who are entering the project have the same idea, hold ETH for a long period of time. From the users who are holding frETH, only one did an earlt redemption so far even the fees of the platform seems so low.