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Pickle Finance (PICKLE) is the 773rd largest cryptocurrency in the world by market cap, valued at $4,218,955. The current price of Pickle Finance is $1.362, which is 5.581% higher than yesterday. Prices have ranged between $1.28 and $1.19 over the past 24 hours. All prices are listed in US dollars and accurate as of February 01, 2023 12:02 UTC.
Pickle Finance can be best thought of as a decentralized, yield-generating DeFi protocol that has been built atop the Ethereum blockchain. According to CoinGecko, its primary purpose is to help stabilise the value of various stablecoins – such as USDT, USDC, DAI – by helping them maintain their 1:1 US dollar backing ratio by providing platform users with incentives to sell stablecoins that are above-peg and purchase those that are below.
PICKLE is the native ERC-20 token which is rewarded for providing liquidity and can be staked to earn additional rewards or participate in governance. It is also worth noting that there is no hard cap on the total number of PICKLE tokens that can ever be created. As such, new coins (1 PICKLE) are minted whenever a new ETH block is mined.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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