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Eggs Finance EGGS
EGGS
0.0005938
$
5.68 %
Change 24h
Market Cap
$ 38,288,951
Volume 24h
$ 699,741
Circulating Supply
64,332,223,633
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.