CryptoCurrencies
17215
Exchanges
500
Total Market Cap
3,478,701,962,213
Volume 24h
113,927,543,109
Dominance
BTC 60.58%   ETH 8.85%   USDT 4.48%   XRP 3.68%

Eggs Finance
EGGS

0.0003686
$
1.04 %
Change 24h
Market Cap
$ 15,017,580
Volume 24h
$ 200,907
Circulating Supply
40,749,471,283
Total Supply
91,737,394,838
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.