Piggy - Interest-free, efficiently collateralized loans backed by BNB.

Piggy

Interest-free, efficiently collateralized loans backed by BNB.

Piggy is a unique addition to the Binance Smart Chain landscape, greatly benefitting borrowers and those looking to leverage their $BNB with maximal efficiency and safety. The protocol presents many differentiators in design that allow it to provide a unique offering of zero-interest borrowing with low collateral. In order to fulfill its mission of improved borrowing experiences, the protocol mints a stablecoin, $PUSD, which can be immediately used to facilitate liquidations by being deposited in the Stability Pool. $PIGGY rewards are earned, among other things, for being a Stability Provider, and can be deposited to earn a share of protocol fees. All Piggy core mechanisms are governance-minimized, yet holders of $PIGGY can participate and vote in other governance related activities to guide the growth and development of the protocol.