CryptoCurrencies
17586
Exchanges
500
Total Market Cap
3,660,359,281,162
Volume 24h
213,382,544,144
Dominance
BTC 60.33%   ETH 9.14%   USDT 4.34%   XRP 3.90%

Eggs Finance
EGGS

0.0003632
$
5.87 %
Change 24h
Market Cap
$ 14,086,902
Volume 24h
$ 59,745
Circulating Supply
38,790,116,965
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.