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Piggy
PIGGY
#6192
$0.000259
-4.77%
24H
Low
$0
High
$0
Tags
0x1b...c6a5
Contracts
Community
About Piggy PIGGY
Piggy is a decentralized borrowing protocol that offers interest-free, efficiently collateralized loans backed by $BNB. Unlike competing DeFi lenders, Piggy runs liquidations by making use of a Stability Pool mechanism instead of auctions, which allows it to make more efficient use of capital and offer loans with minimum collateral ratios as low as 110%. Loans on Piggy are drawn in $PUSD, a dollar-pegged stablecoin. Any user (borrower or otherwise), can deposit $PUSD in the Stability Pool to become a Stability Provider and earn $PIGGY rewards while doing so. When participating in the Stability Pool, users will gradually see their $PUSD balances decrease while also seeing their $BNB (and $PIGGY) balances increase. These changes come from Stability Providers receiving pro-rata shares of $BNB when liquidations happen, along with a continuous stream of $PIGGY rewards. $PIGGY is the secondary token of the protocol, which can be staked to receive a share of protocol fees from loan originations, and $PUSD redemptions. In due time, following the principles of progressive and orderly decentralization, $PIGGY will also be used to participate in the protocol’s governance-minimized decentralized autonomous organization and vote on matters like Upgrades, Treasury policies, and Contributor grants.
Piggy (PIGGY) Price Data
Piggy (PIGGY) price has decreased today.
Piggy price today is $0 with a 24-hours trading volume up by 4.35%. PIGGY price is down in the last 24 hours. It has a circulating supply is 100M PIGGY coins and a total supply of 100M.
Total Volume (24h)
$2
Market Cap
$25,932.55
Fully Diluted Val.
$25,932.55
CEX Volume (24h)
$0
DEX Volume (24h)
$4.35
Liquidity
$1,795.29
Circ. Supply
100,000,000
Total Supply
100,000,000
Rank
6,192
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