About 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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Frequently Asked Questions
What is the all-time high price of Piggy Finance (PIGGY)?
Read MoreThe all-time high of PIGGY was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Piggy Finance (PIGGY) is 0. The current price of PIGGY is down 0% from its all-time high.
How much Piggy Finance (PIGGY) is there in circulation?
Read MoreAs of
, there is currently 0 PIGGY in circulation. PIGGY has a maximum supply of 100.00M. What is the market cap of Piggy Finance (PIGGY)?
Read MoreThe current market cap of PIGGY is 0. It is calculated by multiplying the current supply of PIGGY by its real-time market price of 0.000289908204.
What is the all-time low price of Piggy Finance (PIGGY)?
Read MoreThe all-time low of PIGGY was 0
, from which the coin is now up 0%. The all-time low price of Piggy Finance (PIGGY) is 0. The current price of PIGGY is up 0% from its all-time low. Is Piggy Finance (PIGGY) a good investment?
Read MorePiggy Finance (PIGGY) has a market capitalization of $0 and is ranked #8744 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Piggy Finance (PIGGY) price trends and patterns to find the best time to purchase PIGGY.