Piggy Finance pricePIGGY $0.0003942

Piggy Finance to USD Chart
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Piggy-finance statistics
- Market cap
- $3,378.64
- Volume (24h)
- $119,094.18
- Volume/Market cap (24h)
- 3524.91%
- Self-reported circulating supply
- 8,571,905.7 PIGGY
- Total supply
- 100,000,000 PIGGY
- Max. supply
- 100,000,000 PIGGY
- Fully diluted market cap
- $39,415.29
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Rating · Based on 2 institutional ratings
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Piggy Finance community
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About Piggy Finance
Rating · Based on 2 institutional ratings
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 Finance Markets
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