Overview

One way to generate passive income while holding cryptocurrencies is staking. Cryptocurrency holders can stake their assets and through validators contribute to proof of transactions and get rewards. This can be possible only in blockchains that are based on 'proof of stake'. However, major blockchains such as Bitcoin and Ethereum are based on 'proof of work' meaning that they do not offer rewards through staking.

Yet, few platforms provided solutions that make specifically ETH staking possible. True Freeze is was one of them. On True Freeze once users stake ETH, they will receive frETH in 1:1 rate. frETH can be used in decentralized finance platforms for generating passive income.

True Freeze has recently introduced its own token FRZ. The initial supply of FRZ is 100M. Out of this amount 42,000,000 were allocated to an airdrop to about 230,000 ETH mainnet addresses. These addresses has been selected based on their DeFi & NFT activities.

This dashboard provides an overview of FRZ airdrop and its outcome.

Method and Data

Table ethereum.core.ez_token_transfers has been used. To signify airdrops sent to eligible wallets the following condition has been used:

 contract_address = '0x55b1e2d8b13e7acad03353fad58fc3fa065c5822' AND from_address = '0xb27198a99e3ae693f4dd14cfee89e98eaf413263'

Explanatory Analysis

In total less than 0,5% of eligible addresses have claimed their airdrops.

Among these wallets most of them hold their FRZ and in total 12% has added into the balance of airdrop receivers.

Only 162 wallets has transferred their FRZ so far.

Descriptives

Graphs below show the daily number and amount of FRZ airdropped.