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Piggy Finance news
About Piggy Finance
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.
The live Piggy Finance price today is $0.000345 USD with a 24-hour trading volume of $286.21 USD. We update our PIGGY to USD price in real-time. Piggy Finance is up 0.26% in the last 24 hours. The current CoinMarketCap ranking is #5730, with a live market cap of not available. The circulating supply is not available and a max. supply of 100,000,000 PIGGY coins.
If you would like to know where to buy Piggy Finance at the current rate, the top cryptocurrency exchange for trading in Piggy Finance stock is currently Bibox. You can find others listed on our crypto exchanges page.