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What is Eggs Finance (EGGS)?

Eggs Finance is a decentralized finance (DeFi) protocol operating on the Sonic blockchain. It uses the EGGS token, collateralized by S tokens, to offer a stable and potentially increasing value system. Each EGGS token is supported by S tokens held within the protocol's smart contract, guaranteeing security with tangible, liquid assets. Key features include minting EGGS by depositing S (with a 2.5% fee), borrowing S using EGGS as collateral (up to 99% Loan-to-Value with linear interest), and leveraged positions (1% minting fee) to amplify exposure.

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