CryptoCurrencies
1000
 Total Market Cap
8,202,790,718
 Volume 24h
1,388,314,775
 Dominance
ONDO 24.93%   RSETH 12.31%   JUP 12.06%   AB 7.95%

Eggs Finance
EGGS

0.0004460
$
3.35 %
Change 24h
Market Cap
$ 19,221,400
Volume 24h
$ 192,079
Circulating Supply
43,131,400,000
Total Supply
91,737,400,000
EGGS
$
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.