True Freeze

“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.

1. Get paid to send ETH into the future.
2. Pay to bring ETH back to the present.

That's it, that's the protocol.

It is explicitly designed to be the least complicated and most accessible yield in all of DeFi by creating a free market mechanism to price the time-preference rate for ETH or other native tokens of EVM chains if/when launched on those chains.” Source

True Freeze launched with an airdrop of the Freezer Revenue 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 230,000+ ETH mainnet addresses that met a variety of DeFi & NFT activity conditions. Source

Method

In this dashboard I analyzed:

• Amount of FRZs and Number of wallets claimed their Airdrop
• Transactions had been done related to FRZ
• Transactions had been done by Airdrop claimers *In this dashboard I used Flipside’sethereum.core.ez_token_transfers, ethereum.core.fact_event_logs and ethereum.core.fact_transactions databases

Claims

The following chart shows the daily number of wallets and the daily amount of claims :

Note the first transactions include 58M tokens being pulled from the 100M merkle tree for setup of llamapay for core devs, angels/interns, partner DAOs, and liquidity incentives. Source

In the above chart, those transactions are not included.

As you can see on June 29th, the most number of wallets (500 wallets) claimed the highest amount of FRZs (113.063k FRZs)

In the below chart, you can see the number of wallets that claimed the same amount of tokens. XZAs you can see the highest amount of claimed tokens is 9551 tokens and the most number of users (159 wallets) received 77 FRZs.

Since the start of claiming, 1125 wallets claimed a total of 306,434 FRZs which are only 0.4891% of eligible wallets and 0.5294% of allocated tokens.

Current Situation of Wallets

The following charts show the amount of held FRZs by the wallets and their situation since the day they claimed the airdrop :

Total Claims

In the following table, you can see the total information about FRZ claims until now

Transaction

Here you can see the all transaction types related to FRZ’s contract (Except Claims)

but what transactions happened by Airdrop claimers? In the following chart you can find the number and type of transactions happened by Airdrop holders:

Conclusion:

• only 0.4891% of eligible wallets claimed their tokens and 0.5294% of allocated tokens had been claimed
• Most transactions are for Approve and Stake
• Most number of Airdrop claimers had 3 transactions or less after claiming their Airdrop