CryptoCurrencies
18562
Exchanges
500
Total Market Cap
4,152,516,438,762
Volume 24h
212,674,960,907
Dominance
BTC 53.68%   ETH 12.97%   XRP 4.08%   USDT 4.05%

Eggs Finance
EGGS

0.0003568
$
2.04 %
Change 24h
Market Cap
$ 10,535,288
Volume 24h
$ 84,169
Circulating Supply
29,525,582,515
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.