PIGGY
Piggy Finance pricePIGGY $0.0003942

$0.0003942  

0.24% (1d)

Piggy Finance to USD Chart

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Piggy-finance statistics

Market cap 
$3,378.64
#3510
Volume (24h) 
$119,094.18
#1916
Volume/Market cap (24h) 
3524.91%
Self-reported circulating supply 
8,571,905.7 PIGGY
8.57%
Total supply 
100,000,000 PIGGY
Max. supply 
100,000,000 PIGGY
Fully diluted market cap 
$39,415.29
Sponsored
PIGGY to USD Converter
PIGGY
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Price performance
24h 
Low
$0.0002971
High
$0.0003992
All-time high
Oct 15, 2021 (2 years ago)
$0.1851
-99.79%
All-time low
May 11, 2023 (23 days ago)
$0.0001488
+164.91%
Popularity
In watchlists1,656x
5005th / 10.3K
Self-Reported Tags
DeFiShow all


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About Piggy Finance

Self-Reported Tags
DeFiShow all

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.

 
 
 
 
 
 
 
 
 
 

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