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Eggs Finance EGGS
EGGS
0.0006252
$
13.99 %
Change 24h
Market Cap
$ 40,012,472
Volume 24h
$ 776,032
Circulating Supply
63,995,127,352
Total Supply
79,718,658,548
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.