Eggs Finance
EGGS#4996
$0.000058
24H +1.7%7D -1.7%30D +18.5%
BLOCKINSIDERLoadingALL price · Live market data.
| Exchange | Pair | 24h Volume | Spread | Trust | |
|---|---|---|---|---|---|
| Shadow Exchange | 0XF26FF70573DDC8A90BD7865AF8D7D70B8FF019BC/0X29219DD400F2BF60E5A23D13BE72B486D4038894 | $1.77 | 0.68% | TRADE |
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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..
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