Thread by @Defrost_Finance

❄️ Time for a FAQ thread ahead of our launch ❄️

1) What is #DefrostFinance?

📢 Defrost Finance (defrost.finance) is a decentralized protocol that allows you to leverage LP tokens & other pool tokens from @avalancheavax as collaterals for generating the $H2O #stablecoin

2) Why would you want to mint H2O?

📢 Because:

🪙 It gives you extra rewards on your LPs

💵 You get a #stablecoin you can use to invest elsewhere

🤑 You receive $MELT

💎 You get to re-stake both $MELT and $H2O in other pools (coming soon!). That means even more rewards.

3) What is $MELT?

📢 Melt is #Defrost's governance token.

You can use it to ⬇️

💰 Access profitable staking opportunities

⚡️ Join the platform governance system

💲 Pay fees

4) What LPs can I use to mint $H2O and get my $MELT?

📢 At the moment, #DefrostFinance supports the following LPs from @traderjoe_xyz 👇

💰 $USDC / $DAI
💰 USDC / $AVAX
💰 $ETH / AVAX

🚀 More coming soon 🚀

5) Anything else?

📢

🙌 #DefrostFinance is a #fairlaunch project.

💪 Collaterals for minting are listed here 👉 docs.defrost.finance/mechanisms-and…

🔥 Launching soon. Follow us on Discord (discord.gg/KsZcADdBym) and Telegram (t.me/Defrost_Finance) to stay up to date