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 $USDC to keep pegged 1:1 to it.
Walrus Shares ($WSHARE) are one of the ways to measure the value of the Frozen Walrus Protocol and shareholder trust in its ability to maintain $WLRS close to peg. During epoch expansions, the protocol mints $WLRS and distributes it proportionally to all $WSHARE holders who have staked their tokens in the Boardroom.
