Piggy Price Today

Price PIGGY to USD now is $0. Trading volume by 24-hours $283.678. Piggy, which_ranked #10000 price is up 0.14% in the past 24-hours. Piggy has circulating supply of $0 and have $0 capitalization.

Highest price for Piggy

The all-time high price of PIGGY is $0.188, the record was set on the 0.

Lowest price for Piggy

PIGGY all-time low price is $0, the record was set on 0.

How much has the price of Piggy changed lately?

7 days ago the price was $0 , this changed the PIGGY price by -0.52561%

14 days ago the price was $0 , this changed the PIGGY price by 27.04496%

30 days ago the price was $0 , this changed the PIGGY price by 25.66989%

60 days ago the price was $0 , this changed the PIGGY price by 3.25624%

1 days ago the price was $0 , this changed the PIGGY price by 0%

What is 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.