CryptoCurrencies
1000
 Total Market Cap
19,922,444,636
 Volume 24h
1,390,824,889
 Dominance
HYPE 55.75%   FARTCOIN 5.60%   SOLVBTC 4.95%   DOGE 2.45%

Eggs Finance
EGGS

0.0005626
$
0.01 %
Change 24h
Market Cap
$ 27,466,100
Volume 24h
$ 515,533
Circulating Supply
48,821,600,000
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.