Eggs Finance EGGSPrice $ 0.0000865

Eggs Finance is a DeFi protocol built on the Sonic blockchain. It utilizes the EGGS token, which is secured by S tokens, to provide a stable and potentially appreciating value mechanism.

Each EGGS token is backed by S tokens, which are deposited into the protocol's smart contract. This pool of S ensures that every EGGS token is secured by real, liquid value.

Key features include:

• Minting: Users can mint $EGGS by depositing $S into the protocol's smart contract, with a 2.5% fee applied to each minting transaction.

• Loans: Users can borrow $S using $EGGS as collateral, with up to 99% Loan-to-Value ratio and interest rates calculated linearly.

• Leverage: The platform offers leveraged positions with a discounted minting fee of 1%, allowing users to amplify their exposure.