CryptoCurrencies
17551
Exchanges
500
Total Market Cap
3,563,669,476,613
Volume 24h
162,126,046,553
Dominance
BTC 60.95%   ETH 8.73%   USDT 4.45%   XRP 3.72%

Eggs Finance
EGGS

0.0003743
$
0.96 %
Change 24h
Market Cap
$ 15,170,961
Volume 24h
$ 62,112
Circulating Supply
40,515,773,614
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.