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PICKLE Price
$0.89461
-2.57%
24H Price Chart
Market Cap
$1.71M
24H Volume
$397.4K
Circ Supply
1.91M
Sectors Blockchain

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PICKLE Market Stats

  • Price $0.89461
  • 1H Change +0.2%
  • 24H Change -2.57%
  • 7 Day Change -2.25%
  • 30 Day Change -2.07%
  • 1 Year Change -30.7%
  • All-Time High (ATH) $20.3078
  • % From ATH -95.62%
  • ATH Date Oct 17, 2021

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Pickle Finance Background

Bitpanda

It is described that the project is to distribute $PICKLEs to liquidity providers of four stablecoin pools: DAI/ETH USDC/ETH USDT/ETH sUSD/ETH

It is claimed that more rewards are given to below-peg stablecoin pools and fewer rewards are given to above-peg stablecoin pools. This gets people to sell above-peg stablecoins and buy below-peg stablecoins. Pickle will also give rewards to an ETH-PICKLE pool. This takes care of the case where all stablecoins are above peg. There will likely be other pools as well.

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