By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
CoinworldstoryCoinworldstoryCoinworldstory
  • HOME
  • CRYPTO
    • AI
    • BOTS
    • ICO
    • AIRDROP
      • Featured Airdrops
    • Price Prediction
    • EXCHANGE
      • Best Centralized Exchange List 2025
      • Best Decentralized Exchange List 2025
    • ALTCOIN
    • Alt Coin Signal
    • Crypto Analysis
    • Bitcoin Loan
    • Bitcoin Mining
    • WALLETPRO
  • PR
    PR
    If You Looking For Submit Cryptocurrency Press Releases Than Coinworldstory Is Best Choice For Crypto Press Release Submission
    Show More
    Top News
    Why We Should Keep An Eye On Gaming For Bitcoin Adoption
    Why We Should Keep An Eye On Gaming For Bitcoin Adoption
    12 months ago
    Mainston Revolutionizes The World Of Marketplaces.
    Mainston Revolutionizes The World Of Marketplaces.
    1 year ago
    The Graph to use Polygon for its billing system
    2 years ago
    Latest News
    Solo Leveling Levels Up: Korean Billion-Dollar Megafranchise Goes Onchain with Story
    6 hours ago
    SimpleFX Relaunches First Deposit Bonus
    11 hours ago
    TokenFi and New to The Street Announce National Media Partnership to Reach 219M+ Households
    12 hours ago
    BTCC Exchange Announces Triple Global Workforce Expansion at TOKEN2049 Singapore to Power Web3 Evolution
    19 hours ago
  • NEWS
    • Mining
    • Altcoins
    • Ban
    • BANKING/FINANCE NEWS
    • Bitcoin
    • Blockchain
    • CRYPTO CRIME
    • Ethereum
    • Exchange News
    • Government News
    NEWSShow More
    Why Shiba Inu Large Transaction Volume Is Dropping Fast
    Why Shiba Inu Large Transaction Volume Is Dropping Fast
    3 weeks ago
    Crypto Tax Rules In Russia – What You Should Know
    Crypto Tax Rules In Russia – What You Should Know
    1 month ago
    Elon Musk Considering Blockchain To Bolster us Government Efficiency
    Elon Musk Considering Blockchain To Bolster us Government Efficiency
    1 month ago
    10 Next Big Meme Coin To Explode
    10 Next Big Meme Coin To Explode
    1 month ago
    9 Best AI-Powered Websites That Save You Hours of Work
    9 Best AI-Powered Websites That Save You Hours of Work
    2 months ago
  • GAMBLE
    • Certified Casinos
    • Bitcoin Casino
    GAMBLE
    If You Looking For Casino Review . Than we Write Many Article About Casino Please Look This Page . We Update This Page On Daily…
    Show More
    Top News
    Tigerspin Casino Review: Customer Support is Available 24/7 
    Tigerspin Casino Review: Customer Support is Available 24/7 
    3 years ago
    Gamdom Casino Review: Is Gamdom Safe and Legit?
    Gamdom Casino Review: Is Gamdom Safe and Legit?
    2 years ago
    How Machine Learning is Revolutionizing Game
    AI Opponents: How Machine Learning is Revolutionizing Game Difficulty and Adaptive Gameplay
    2 years ago
    Latest News
    Unlim Casino 2025 – Games, Bonuses & Crypto Payments
    3 weeks ago
    1win Casino Games – Exciting Slots, Crash Games & Bonuses
    3 weeks ago
    Pinco Casino Review: Games, Bonuses & Features
    3 weeks ago
    r7 Casino Review: Login, Sign Up, Bonuses & Promotions
    3 weeks ago
  • MORE
    • Guide
    • Only Best
    • Off Topic
    • Web Hosting
    • Ad Posting Jobs
    • Best Affiliate Marketing
    • Best Affiliate Programs
    • BOTS
    • Trusted Currency Exchanger Platform
    • Blockchain Games
    • Metaverse Review : Best Metaverse Program Review
    • Online Survey
    • Payment Platform
  • VPN
  • Contact Us
Reading: Defrost Finance Defi Coin Review : It Is Legit Or Scam?
Share
Notification Show More
Font ResizerAa
CoinworldstoryCoinworldstory
Font ResizerAa
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
Search
  • HOME
  • CRYPTO
    • AI
    • BOTS
    • ICO
    • AIRDROP
    • Price Prediction
    • EXCHANGE
    • ALTCOIN
    • Alt Coin Signal
    • Crypto Analysis
    • Bitcoin Loan
    • Bitcoin Mining
    • WALLETPRO
  • PR
  • NEWS
    • Mining
    • Altcoins
    • Ban
    • BANKING/FINANCE NEWS
    • Bitcoin
    • Blockchain
    • CRYPTO CRIME
    • Ethereum
    • Exchange News
    • Government News
  • GAMBLE
    • Certified Casinos
    • Bitcoin Casino
  • MORE
    • Guide
    • Only Best
    • Off Topic
    • Web Hosting
    • Ad Posting Jobs
    • Best Affiliate Marketing
    • Best Affiliate Programs
    • BOTS
    • Trusted Currency Exchanger Platform
    • Blockchain Games
    • Metaverse Review : Best Metaverse Program Review
    • Online Survey
    • Payment Platform
  • VPN
  • Contact Us
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Home » Blog » Defrost Finance Defi Coin Review : It Is Legit Or Scam?
DEFI

Defrost Finance Defi Coin Review : It Is Legit Or Scam?

Cws Team
Last updated: 18/10/2023 7:52 PM
Cws Team
4 years ago
Share
Disclosure: We are not a registered broker-dealer or an investment advisor. The services and information we offer are for sophisticated investors, and do not constitute personal investment advice, which of necessity must be tailored to your particular means and needs. !
Defrost Finance Defi Coin Review : It Is Legit Or Scam?
SHARE

About Defrost Finance

Defrost Finance (www.defrost.finance) is a decentralized protocol that allows you to utilise liquidity pool (LP) tokens and other pool tokens from various Avalanche and cross-chain protocols as collateral for generating H2O, a soft-pegged stablecoin native to the Avalanche ecosystem.

Contents
  • About Defrost Finance
    • Unfreeze Your Way to Wealth
    • A New Stable coin Minted with LP Tokens
    • Get Your MELT and Join Defrost
    • The H2O Stable Coin
    • MELT
    • Security
      • Multi-Signature Control
      • Non-upgradable Contracts
      • The Reserve Pool

Defrost Finance Coin helps users improve capital efficiency from assets locked in pools or vaults. Defrost Finance allows users to provide liquidity to gain additional yields from features such as farming, borrowing, staking, swap, and bridge support for convenience when trading.

Defrost Finance gives birth to a stable coin, H2O, which is backed by existing collateral with a proven record of value and stability. H2O can be minted by depositing collateral such as liquidity provider tokens from AMM (automated market maker) dexes (decentralised exchanges), lending, and other DeFi protocols.

The project envisions creating a stable coin that is not USD-backed and at the same time releases more liquidity from Liquidity Provider tokens (LP tokens).LP tokens collected from different chains and protocols can be used as collateral for minting H2O. The minting and burning are fully controlled by smart contracts. The overall mechanism is based on trustless and decentralized cross-chain functions/bridges.

- Advertisement -
Coin Basic Information
Coin Name Defrost Finance
Short Name MELT
Circulating Supply115,088.00 MELT
Max Supply100,000,000
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter Page Click Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project Website Click Here To Visit Project Website

Unfreeze Your Way to Wealth

Defrost Finance is the platform behind the next generation stablecoin and provides remunerative investment opportunities. A fully fair launch, decentralized project, its aim is to change the world of finance for good.

A New Stable coin Minted with LP Tokens

Backed by Liquidity Provisions tokens, H2O is the stablecoin of the future, maintaining a 1:1 peg to the US dollar at all times. It is safely overcollateralized and capable of powering any financial instrument.

Get Your MELT and Join Defrost

Defrost is a community-based project. Participants can deposit their assets in Liquidity Pools from swaps and mint H2O to acquire MELT, the platform’s governance token. This not only allows you to stake assets but gives you a seat at the table when decisions are made.

The H2O Stable Coin

H2O is a stablecoin that can be minted by staking different LP tokens or other pool tokens in a vault, which will always be over-collateralized. It is soft pegged 1:1 to the U.S. Dollar. Its stability is not mediated by any central party, nor does its solvency rely on any centralized authorities. LP tokens or pool tokens with abundant liquidity and market value can be used as collateral to mint H2O. This means that all circulating H2O is generated from vaults in Defrost smart contracts, and it can be used in the same manner as any other cryptocurrency.

MELT

MELT is Defrost’s utility token, a governance token with a fair launch distribution model. MELT can be used for rewards, fees, insurance and voting power in the protocol. It will be distributed via a fair launch distribution model. The majority of MELT tokens will be distributed to H2O suppliers and holders.

- Advertisement -

Security

Multi-Signature Control

The contracts were audited by Certik in November 2021. As for the centralization problem, it is solved by the Multi-Signature Controlling Account. There are five Multi-Signature Keyholders, controlled by Avatar, Wanlabs and the team separately. Defrost Finance will further diversify the centralization as the DAO is formed.

Non-upgradable Contracts

All contracts of Defrost Finance cannot be upgraded. The manipulation by the contract manager becomes impossible.

The Reserve Pool

Defrost Finance is maintaining a Reserve Pool, as the insurance for the protocol safety. The H2O assets in the Reserve Pool are collected from the Stability Fees and Liquidation Penalty. In cases when the protocol fails to liquidate the vaults falling below the Minumum Collateral Ratio, or some other scenarios leading to the protocol deficit, the Reserve Pool will take the responsibility as the compensation.

- Advertisement -
10 Best Multi-Chain Defi Dashboards for 2025 | Top Crypto Portfolio Trackers
DeFi Aggregator vs DEX Aggregator: Key Differences Explained
10 Best DeFi Protocols With Top Returns In 2025
10 Best DeFi Insurance Protocols: for Secure Crypto Coverage
10 Best DeFi Analytics Tools For In-Depth Crypto Insights
Share This Article
Facebook Email Print
ByCws Team
Follow:
One of Coinworldstory's longest-tenured contributors, and now one of our editors, Verna has authored over 2600+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies. Verna Is team Members of 9 People
Previous Article Turboxbt Cryptocurrency Exchange Review: It Is Safe Or Legit Exchange? Turboxbt Cryptocurrency Exchange Review: It Is Safe Or Legit Exchange?
Next Article WallStreetNinja launches Alpha release ahead of ILO
Solo Leveling Levels Up: Korean Billion-Dollar Megafranchise Goes Onchain with Story
Press Releases
How To Buy Hey Anon: Step-by-Step Guide for Beginners
How To Buy Hey Anon: Step-by-Step Guide for Beginners
Guide & Crypto Education
SimpleFX Relaunches First Deposit Bonus
Press Releases
TokenFi and New to The Street Announce National Media Partnership to Reach 219M+ Households
Press Releases

Latest Published

9 Decentralized Finance (DeFi) Coins – Top Tokens & Insights

9 Decentralized Finance (DeFi) Coins – Top Tokens & Insights

7 months ago
9 Top DeFi Tokens To Hold For 2025

9 Top DeFi Tokens To Hold For 2025

7 months ago
How To Invest In DeFi Lending: A Step-by-Step Guide

How To Invest In DeFi Lending: A Step-by-Step Guide

8 months ago
9 Best Decentralized Exchanges In 2025 | Top DEXs For Crypto Trading

9 Best Decentralized Exchanges In 2025 | Top DEXs For Crypto Trading

9 months ago
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
What Is Solana? A Complete Guide to the Fast and Scalable Blockchain
What Is Solana? A Complete Guide to the Fast and Scalable Blockchain
Trending
10 Best Shoes For Bunions – Comfort, Support & Pain Relief
10 Best Shoes For Bunions – Comfort, Support & Pain Relief
Trending
10 Best Macroeconomics Books-for Students and Professionals
10 Best Macroeconomics Books-for Students and Professionals
Trending
CoinworldstoryCoinworldstory
Follow US
© Coinworldstory News Network. Cws Design Company. All Rights Reserved.
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..
[mc4wp_form]
Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?