- Piggy is a decentralized borrowing protocol that offers interestfree, 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 dollarpegged 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 prorata 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 governanceminimized decentralized autonomous organization and vote on matters like Upgrades, Treasury policies, and Contributor grants..
Summary of the coin Piggy
highest price statistics: 0.19 $USD
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