The Frozen Assets event, hosted by Clean Lakes Alliance, features running and walking on a frozen lake. Participants traverse Lake Mendota, with the course beginning and concluding at The Edgewater, as part of a larger festival. Registration includes an event t-shirt and optional chip timing. Options include a chip-timed race, an untimed walk, or virtual participation. Awards are presented to top male and female finishers. The event supports initiatives to protect and improve lake water quality, with packet pickup available beforehand or on event day.