PICKLE

Pickle FinancePICKLE

Rank #656
Token
On 2,644 watchlists

Pickle Finance Price (PICKLE)

$13.48
15.09%

0.0002797 BTC14.19%

0.008366 ETH6.61%

Low:$12.22
High:$16.86
24h
PICKLE  Pickle Finance PICKLEPrice: $13.48 15.09%
Market Cap
$17,763,141
15.22%
Fully Diluted Market Cap
$17,386,513
15.09%
Volume
24h
$14,268,971
115.66%
Circulating Supply
1,317,702 PICKLE
102%
Max Supply
1,289,763
Total Supply
1,344,456
 

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PICKLE

Pickle Finance

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USD

United States Dollar

PICKLE Price Statistics

Pickle Finance Price Today
Pickle Finance Price$13.48
Price Change24h$1.77
15.09%
24h Low / 24h High
$12.22 /
$16.86
Trading Volume24h$14,268,971.05
115.66%
Market Dominance0.00%
Market Rank#656
Pickle Finance Market Cap
Market Cap$17,763,141.32
15.22%
Fully Diluted Market Cap$17,386,512.61
15.09%
Pickle Finance Price Yesterday
Yesterday's Low / High
$10.69 /
$12.88
Yesterday's Open / Close
$11.40 /
$12.88
Yesterday's Change

13.01%

Yesterday's Volume$6,948,420.51
Pickle Finance Price History
7d Low / 7d High
$9.63 /
$16.86
30d Low / 30d High
$9.63 /
$34.08
90d Low / 90d High
$8.77 /
$34.08
52 Week Low / 52 Week High
$4.46 /
$76.85
All Time High
Sep 16, 2020 (6 months ago)
$77.05
82.50%
All Time Low
Sep 12, 2020 (6 months ago)
$4.46
201.97%
Pickle Finance ROI

65.12%

Pickle Finance Supply
Circulating Supply1,317,702 PICKLE
Total Supply1,344,456 PICKLE
Max Supply1,289,763 PICKLE
 

About Pickle Finance

The live Pickle Finance price today is $13.48 USD with a 24-hour trading volume of $14,268,971 USD. Pickle Finance is up 15.09% in the last 24 hours. The current CoinMarketCap ranking is #656, with a live market cap of $17,763,141 USD. It has a circulating supply of 1,317,702 PICKLE coins and a max. supply of 1,289,763 PICKLE coins.

The top exchanges for trading in Pickle Finance are currently OKEx, Hoo, Uniswap (V2), Gate.io, and MXC.COM. You can find others listed on our crypto exchanges page.

What Is Pickle Finance (PICKLE)?

Pickle Finance is a decentralized finance yield farming protocol built on the Ethereum blockchain. It was launched with the intention of helping to stabilize the one-to-one peg of stablecoins — such as Dai (DAI), Tether (USDT), USD Coin (USDC) and sUSD (SUSD) — by incentivizing participants to sell above-peg stablecoins and purchase below-peg ones.

Pickle Finance is powered by a native ERC-20 token, PICKLE, that is used for governance and as a reward for liquidity providers.

The project appears to have been teased in August 2020 before officially launching in September 2020. In November 2020, Pickle Finance began the process of integrating with yearn.finance (YFI).

Who Are the Founders of Pickle Finance?

Pickle Finance was founded by four pseudonymous developers who are primarily represented by an individual known as "Larry the Cucumber" — a reference to a character from the religious cartoon Veggie Tales. One of the other developers, "Rick," left the project early on, while the other two developers, "0xPenguin" and "BigBrainBriner," stepped away in December 2020.

Larry the Cucumber has said that he has previous experience in web development and Android mobile app development. His first exposure to crypto was in 2015 when his friend BigBrainBriner introduced him to Ethereum, and he later started to experiment with developing Solidity-based projects. He first realized the potential of decentralized finance with the success of the Maker Protocol.

After 0xPenguin and BigBrainBriner left the project, another pseudonymous developer, "0xkoffee77," was brought on. 0xkoffee77 is a full-stack blockchain developer who had three years of previous experience in the cryptosphere.

What Makes Pickle Finance Unique?

According to its "PicoPaper," Pickle Finance is distinct from other yield farming projects because it offers a service to the community — the ability to stabilize stablecoin pegs, although the project has since expanded beyond this function — while other projects "don’t actually do anything."

The project uses an incentive mechanism to help maintain the pegs, giving rewards in the form of PICKLE to those who provide liquidity to its stablecoin-Ether (ETH) pools. The incentive mechanism provides higher rewards for participating in a pool for an under-pegged stablecoin. Users can also send tokens to "PickleJars," or pJars — vaults that use alpha-seeking strategies to generate returns that are returned to the pool, causing the total value of the deposit to increase.

The Pickle Jar development team has sought to spread awareness of the project through community outreach, including hosting a "Pickle Community Creative Challenge" in which prizes were given to participants for the best pickle-related creative pieces, such as drawings or music. In November 2020, it announced that it would be joining with yearn.finance in an agreement under which its pJars will be integrated into yearn.finance's yVaults, with the Pickle Finance development team receiving a 10% performance fee for writing strategies.

Learn about yearn.finance, another yield farming protocol, with which Pickle Finance has agreed to integrate.

Learn about Ethereum Yield, a yield farming protocol with a price-pumping strategy.

Want to learn more about yield farming? Read an in-depth guide on Alexandria, CoinMarketCap's online educational resource.

Stay up to date on the latest developments in the DeFi sector with the CoinMarketCap blog.

How Many Pickle Finance (PICKLE) Coins Are There in Circulation?

Pickle Finance does not have a maximum token supply. New PICKLE is minted with each Ethereum block in a rapidly decreasing pattern, with 1 PICKLE per block minted with each block after four weeks.

The project neither premined tokens nor held an initial coin offering, and it has said that it did not receive venture capital investment.

In December 2020, Pickle Finance announced that it would soon release its "Smart Treasury" that will automatically buy back PICKLE with revenue from fees, act as a liquidity provider and generate trading fees, and issue PICKLE to be used for things such as grants.

How Is the Pickle Finance Network Secured?

Pickle Finance uses an ERC-20 token, which means that PICKLE transactions are validated by the Ethereum blockchain. Ethereum uses a proof-of-work consensus algorithm in which miners compete among each other to add new blocks to the blockchain and a majority of all nodes in the network must confirm a record for it to be posted.

Pickle Finance's strategies were audited by blockchain security firm MixBites, and the complete protocol was audited by Haechi Audit, which found no major security vulnerabilities. However, in November 2020, Pickle Finance was hacked, and nearly 20 million DAI was stolen. Haechi Audit clarified that the attack was carried out against a newly created smart contract, not one that had been audited by the firm.

Where Can You Buy Pickle Finance (PICKLE)?

PICKLE is primarily exchanged on Uniswap (V2), although it is also listed on MXC.COM, Bilaxy, Hoo and others. It can be traded against Ether (ETH), WETH (WETH), Aave (AAVE) and Tether (USDT).

Are you interested in buying PICKLE or other cryptocurrencies such as Bitcoin (BTC)? CoinMarketCap has a simple, step-by-step guide to teach you all about crypto and how to buy your first coins.

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