Cryptocurrency Piggy (PIGGY)
The price for Piggy (PIGGY) cryptocurrency is currently 0.00034 $ (15 min delay),
daily range of currency change is 0.00031 - 0.00034 .
Last 24 hours news: trading volume -
292.28K $, price variance
+8.59%
.
Project Website - https://piggy.fi/
Explorer of transactions - https://bscscan.com/token/0x1beac6df550be0ad146dd99b4726c6bec9c5c6a5
Twitter Account - https://twitter.com/Piggy_Fi
Chart Piggy (PIGGY)
| Current price Piggy (piggy) | 0.00034 $ |
| Market Capitalization | 0.00 $ |
| Trading Volume last 24h | 2.00 $ |
| Absolute maximum | 0.19 $ |
| Absolute minimum | 0.00011 $ |
Piggy Quotes
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| No active trades for this coin. | ||||||
What is 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.
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