CryptoCurrencies
17040
Exchanges
500
Total Market Cap
3,420,410,375,073
Volume 24h
224,291,753,840
Dominance
BTC 60.20%   ETH 8.86%   USDT 4.48%   XRP 3.62%

Eggs Finance
EGGS

0.0004317
$
7.76 %
Change 24h
Market Cap
$ 19,489,477
Volume 24h
$ 546,918
Circulating Supply
45,116,226,865
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.