CryptoCurrencies
1000
 Total Market Cap
102,808,953,073
 Volume 24h
8,472,132,008
 Dominance
USDC 32.18%   TRX 10.73%   WBTC 9.45%   LTC 5.97%

Walrus
WLRS

0.004982
$
0.00 %
Change 24h
Market Cap
$ 0
Volume 24h
$ 2.340
WLRS
$
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.