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piggy Piggy #
0.00 USD -0.37% 0.00
DAY RANGE
0.00 0.00
Circulating supply 0
Total supply 100M
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piggy Price

Current Price 0.00 USD
Price Change 24H 0.00 USD
Price Change 24H -0.37%
Price Change 7D -17.76%
Price Change 14D -30.82%
Price Change 30D -25.72%
Price Change 60D -52.32%
Price Change 1Y -83.83%
Market Cap Change 24H 0
Market Cap Change 24H 0.00%
All time high (ATH) 0.19 USD
ATH Change -99.86%
ATH Date 2021, Oct 15

piggy Markets

Bibox
PIGGY/USDT
Last price: 0.00 USD
Last price: 0.00 USDT
Spread: 34.95%
24H Volume:
227.9K USD

* Anomaly - Trading price is an outlier against the average

** Inactive - No trades in the last 3 hours

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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