Frozen Walrus Finance is a cryptocurrency that operates on the Avalanche network and is designed to maintain a stable value based on the USDC cryptocurrency. Through a process called seigniorage, the protocol adjusts the supply of WLRS tokens to ensure that their price corresponds to the price of USDC. The aim is to keep the value of WLRS at $1, but if USDC's value deviates from its peg, the protocol will adjust accordingly to maintain a 1:1 peg to USDC.
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