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Defrost Finance (MELT)MELT
$0.033914
-8.98%
Defrost Finance (MELT)
MELT Price
$0.033914
-8.98%
Rank
#7,259
Market Cap (24H)
Unknown
Volume (24H)
$2,059
-82.42%
Circulating Supply
Unknown
Transp. Vol.
Grade
1H1D1W1M1Y
-8.98%
Defrost Finance logo
MELT
United States Dollar logo
USD
AVAX0x47eb6...eb1241d
AVAX
Verify address & DYOR
Contract
AVAX0x47eb6...eb1241d
AVAX
Verify address w/ multiple resources & DYOR
Blockchain
Websitehttps://www.defrost.finance/
CommunityTwitterTelegramDiscordGithubMedium
MELT underpins voting power in the Defrost governance. As a governance token, MELT is used by its holders to vote on cha...Read more

Defrost Finance Price (MELT)

MELT Daily Performance

Today's Defrost Finance price is $0.033914, which is down 9% over the last 24 hours. Defrost Finance's market cap is unknown. 24 hour MELT volume is $2,059. It has a market cap rank of 7259. Defrost Finance is traded on exchanges. Defrost Finance had an all-time high of $17.62 7 months ago. Over the last day, Defrost Finance has had 0% transparent volume and has been trading on 9 active markets with its highest volume trading pairs being .

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Defrost Finance Statistics

Defrost Finance Price (24hr)$0.033914 (-8.98%)
Market Cap
Trading Volume (24hr)$2,059 (-82.42%)
Transparent Vol. (24hr)
Unknown
Transparency GradeUnknown
Circulating SupplyUnknown
All-Time High
$17.62-99.81%
12/1/2021 (7 months ago)
7D Price Prediction
N/A

Price

$0.033914
Price Change
-$0.003348 (-8.98%)

All-Time High

$17.62
Date of ATH12/1/2021
Days Since ATH208
% of ATH0.19%
Price vs ATH

About Defrost Finance

MELT underpins voting power in the Defrost governance. As a governance token, MELT is used by its holders to vote on changes to parameters inside of the Defrost Finance Protocol like collateral types, Stability Fees, the H2O savings rate, liquidity mining incentives, minimum collateral rate, and many others. MELT is the final safety funds to the debts of the Defrost Finance protocols. MELT is bought back from the open market and burnt when Defrost Finance’s protocol reserves exceed a threshold. Inversely, when the Defrost Finance Protocol is suffering from a deficit and the system debt exceeds a threshold, MELT in the stabilizer system will be triggered and auctioned for H2O in order to recapitalize the system.

MELT stakers are eligible for the distribution of the protocol incomes. The protocol incomes are accumulated from the stability fee and liquidation penalty.

MELT will be mined as the incentives for providing liquidity into the Defrost Finance protocols. More utilities will be unlocked in the future, like mining boosters, higher liquidation tolerance rate, NFT privileges, discounts in protocol costs, etc.

Read More

Defrost Finance Markets

(Top 10)
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Defrost Finance Historical Data

(Past 7 Days)
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Frequently Asked Questions

  • What’s the current Defrost Finance price? How much is 1 Defrost Finance worth?

    The price of 1 Defrost Finance is $0.033914. Over the last 24 hours, a Defrost Finance is worth -8.98% less. Visit our currency converter page to convert MELT prices to currencies other than USD.
  • When did Defrost Finance start?

    The earliest trading data for Defrost Finance is on November of 2021 (based on current exchange data).
  • How high can the Defrost Finance price go?

    Defrost Finance’s price has gone as high as $17.62 (which is MELT’s all-time high). It achieved this price 7 months ago. Speculations abound for how high Defrost Finance’s price will get in the future.
  • What's the smart contract address for Defrost Finance?

    Defrost Finance's smart contract address is 0x47eb6f7525c1aa999fbc9ee92715f5231eb1241d.

Today's MELT / Defrost Finance News for June 27, 2022

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