Eggs Finance EGGS
EGGS
0.0003817
$
0.03 %
Change 24h
Market Cap
$ 12,753,719
Volume 24h
$ 54,118
Circulating Supply
33,474,010,802
Total Supply
87,263,694,462
EGGS
$
| # | Exchange | Pair | Price | Volume 24h |
|---|
Description
Eggs Finance is a DeFi protocol built on the Sonic blockchain. It utilizes the EGGS token, which is secured by S tokens in the protocol, to facilitate loans with 99% LTV. Borrow S by using EGGS as collateral. Burning mechanisms ensure that the ratio of S per EGGS in the contract can only increase. This creates intrinsic value, or a price floor, for EGGS within the protocol and prevents loans from falling under collateral. EGGS can be redeemed for the underlying S on the dApp.