Defrost Finance H2O (H2O) Live Price and charts Today

A decentralized protocol that allows users to leverage LP Tokens or other pool tokens from Avalanche and cross-chain protocols as collaterals for generating H2O.

It helps users improve capital efficiency from assets locked in pools or vaults. Defrost Finance supports 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 stablecoin, H2O, which is backed by existing collaterals with a proven record of value and stability. H2O can be minted by depositing collaterals like liquidity provider tokens from AMM Dexes, Lending, and other DeFi protocols. The project envisions creating a stablecoin 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.