Sonic Ecosystem

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:<ul><li>Minting: Users can mint $EGGS by depositing $S into the protocol's smart contract, with a 2.5% fee applied to each minting transaction. </li><li>Loans: Users can borrow $S using $EGGS as collateral, with up to 99% Loan-to-Value ratio and interest rates calculated linearly. </li><li>Leverage: The platform offers leveraged positions with a discounted minting fee of 1%, allowing users to amplify their exposure. </li></ul>

Eggs Finance

Eggs Finance is a DeFi protocol on the Sonic blockchain that utilizes $S and $EGGS to create a stable and potentially increasing value mechanism. 

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