CryptoCurrencies
17730
Exchanges
500
Total Market Cap
4,037,430,454,934
Volume 24h
423,301,684,923
Dominance
BTC 57.95%   ETH 10.59%   XRP 4.41%   USDT 4.03%

Eggs Finance
EGGS

0.0003825
$
12.28 %
Change 24h
Market Cap
$ 13,302,399
Volume 24h
$ 79,170
Circulating Supply
34,677,727,736
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.