Eggs Finance
EGGS

0.0005484
$
5.66 %
Change 24h
Market Cap
$ 40,969,113
Volume 24h
$ 4,202,582
Circulating Supply
75,601,945,826
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.