Vision

True Freeze is DeFi's first patience primitive.

Price volatility is a key blocker to broader crypto adoption. Holding assets that can go up and down double digit percentages all within the same month is too stressful for many regular people.

It's hard to HODL and you don't get paid to do it- until now. True Freeze tokenizes patience. Allowing the market to form a baseline rate of return for people to lock their assets out of circulation.

True Freeze is a public good.

Bitcoin was launched and left. It was entrusted to the community with no centralized control or admin privileges. It doesn't have a DAO nor a governance token. It is a trustless mechanism of turning energy into value (proof of work).

True Freeze is a similar public good. Launched and left to function on its own for hundreds of years with no governance, emergency powers, or admin controls. A trustless mechanism for turning holding into value. (proof of patience).

True Freeze is composable.

Any protocol, DAO, fund, or person(s) with ETH (or other asset when True Freeze is duplicated on other chains, e.g. MATIC on Polygon) can confirm on-chain a commitment to lock their funds out of the market for a period of time. In exchange they mint Freezer ETH (frETH) the yield token and a Freezer NFT serving as a Certificate of Deposit.

This Freezer NFT can be bought/sold on any NFT marketplace, acting similar to an on-chain zero-coupon bond.

True Freeze is risk-minimized defi.

True Freeze does nothing with deposits. It is not forwarded to a yield farm or staked or paired with any other asset for liquidity fees. There are no price oracles or liquidations. It is as close as possible to cold storage, but with yield.

This is a critical point. Many people's first reaction to this design is, "why not double-dip and use [insert strategy] to get more yield". This is a fundamental misundertanding of finance. The goal of a financial portfolio is to maximize risk-adjusted returns. In traditional finance markets we see that lower risk is often lower return, but, with lower risks also comes a larger market.

True Freeze risk-minimized DeFi can serve as an on-ramp to the 10s of millions of Ether held by people who have never used a smart contract before.