> For the complete documentation index, see [llms.txt](https://deepfreezellc.gitbook.io/true-freeze/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://deepfreezellc.gitbook.io/true-freeze/quick-guide.md).

# Quick Guide

1. True Freeze launched with an airdrop of the Freezer Revenue Token (FRZ). [Airdrop, Incentives, Insiders](/true-freeze/tokenomics/airdrop-incentives-insiders.md)<br>
2. You can stake this revenue token in [True Freeze](https://truefreeze.xyz) to receive early withdrawal fees (in frETH) and penalties (in WETH). <br>
3. Anyone can lock WETH to mint frETH (longer lock time = more frETH), receive a Freezer NFT Certificate of Deposit and buy/sell frETH & the NFT.<br>
4. Because ETH's price is volatile, people who lock WETH with time-preference \[A] may either change their time-preference over time or sell their NFT to someone with a different time-preference \[B].<br>
5. As time-preferences change (e.g., bull and bear cycles) or holders of the NFT change, some people will willingly pay the fees/penalty to redeem the NFT for ETH backing it prior to the NFT's maturity date (e.g., to sell ETH high and rebuy it low). Mature NFTs can redeemed at 0 fee/penalty - but not everyone will be patient.<br>
6. The price of frETH in ETH terms acts as a free market determined [time preference rate](https://en.wikipedia.org/wiki/Time_preference) for ETH.<br>
7. Time preference already exists in DeFi. For example: Lido stETH on Curve can trade below 1 ETH, even though 1 stETH is backed by 1 ETH, because stETH can't be redeemed until after the merge and Shanghai upgrade. This discount on stETH acts as a time preference rate + pricing the uncertainty risk around the merge/redemptions/Lido slashing. True Freeze is focused on tokenizing time-preference for ETH separate from anything merge or proof of stake related.<br>
8. True Freeze is the simplest and most explicit way for the market to trade tokenized time-preference with no reliance on oracles, collateral, liquidation, perpetuals, etc.[True Freeze tries to be Risk-Minimized DeFi](/true-freeze/origins/true-freeze-tries-to-be-risk-minimized-defi.md)<br>
9. FRZ is inflationary, this forces stakers to continuously earn FRZ to maintain their % of revenue flow from early withdrawals. [FRZ Inflation Schedule](/true-freeze/tokenomics/frz-inflation-schedule.md)<br>
10. You can earn FRZ in 3 ways: burn frETH to get a proportional amount of FRZ inflation forever; provide liquidity between frETH and WETH while liquidity incentives exist; earn it from Partner DAOs that were granted FRZ. [Partner DAOs](/true-freeze/key-info/partner-daos.md)<br>
11. At scale, True Freeze's value proposition is measuring & pricing ETH's volatility via tokenizing market time-preference rates.<br>
12. There is no governance token for True Freeze, nor any concentrated DAO nor administration at the protocol level. It is a Day 1 Complete immutable public good with no centralized control at all. Deep Freeze LLC maintains 1 website for accessing True Freeze, but there will be others. [No (Centralized) Roadmap](/true-freeze/key-info/no-centralized-roadmap.md)