CryptoCurrencies
18766
Exchanges
500
Total Market Cap
4,303,009,070,639
Volume 24h
279,577,564,196
Dominance
BTC 53.41%   ETH 12.69%   XRP 4.16%   USDT 3.96%

Eggs Finance
EGGS

0.0003435
$
2.66 %
Change 24h
Market Cap
$ 9,977,270
Volume 24h
$ 14,196
Circulating Supply
29,049,621,870
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.