Eggs Finance EGGS
EGGS
0.0003394
$
1.44 %
Change 24h
Market Cap
$ 10,884,500
Volume 24h
$ 22,235
Circulating Supply
32,048,000,000
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.