Currencies28082
Market Cap$ 2.76T-0.77%
24h Spot Volume$ 59.68B-5.25%
BTC Dominance49.97%-0.27%
ETH Gas23 Gwei
Cryptorank
Report issue
Pledge

Pledge PLGR Price N/A

34 Watchlists

DeFi

PLGR Price

N/A

General Info

Contracts/Explorers:

Tags (Sub-Categories):

#Inactive

Description

Pledge Protocol is a fully autonomous, algorithmic lending platform on the Binance Smart Chain

Pledge (PLGR) Chart

The Pledge to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.

Additional Data

ATH Market Cap

$ 37.53M

Max Supply

PLGR 3,000,000,000

Total Supply

PLGR 3,000,000,000

Listing Date

14 Jan 2022

All Time High

$ 0.0948

16 Jan 2022


All Time Low

$ 0.00...928

19 Aug 2023

Pledge Price Analysis

What is Pledge (PLGR)?

Pledge Protocol is a fully autonomous, algorithmic lending platform on the Binance Smart Chain. Pledge is a decentralized protocol that establishes lending markets with algorithmically determined interest rates and provides its own token in an exchange called pTokens based on market forces of supply and demand. This allows users to frictionlessly exchange the time value of money derived from collateralized digital assets and stablecoins. When a user holds pTokens they receive a fixed interest rate called annual percentage yield (APY) with earnings accumulated per block, while borrowers pay fixed and predictable interest. Furthermore, users can also participate as liquidity providers who can inject capital into token liquidity pools and earn an interest rate. Pledge unlike other DeFi lending protocols can create various liquidity pools with different maturities for a given crypto asset featuring fixed lending terms for each user transaction. There are three types of users who can interact with the Pledge Protocol: borrowers, lenders, and liquidity providers.

Governance is designed to bootstrap the long-term sustainability and growth of the Pledge Protocol. PLGR would allow holders to create and vote on on-chain governance proposals to determine future features and/or parameters of the Pledge Protocol. Governance features include:

  • Adding new crypto assets or stablecoins to the protocol
  • Adjusting variable interest rates for all markets
  • Setting fixed interest rates for each market
  • Adding a new market for different maturity
  • Voting on protocol improvements/proposals
  • Delegate protocol reserve distribution schedules.

Trending Coins and Tokens