Egoras protocol aims to be a part of the solution by extending financial access and inclusion to unserved or underserved communities. According to the whitepaper, the protocol achieves its mission through native governance and a self-funded treasury system. The agreement aims to serve as a source of funding for unserved or underserved communities. In addition, the project aims to improve the quality of financial services and reduce the cost of services in these communities around the world. As such, the Egoras protocol aims to solve real-life problems such as helping people start businesses, supporting SMEs with access to capital to expand, and enabling households to meet their needs while maintaining good on-chain collateral.

EGR has volatile pricing because of its unique supply dynamics and significance to the Egoras protocol. EGR is the Egoras system's utility token, governance token, and recapitalization resource. EGR holders utilize it as a governance token to vote on the Egoras protocol's risk management and business logic. Risk management is critical to the system's performance and survival, and it is implemented by voting on specific risk parameters for each loan and lending partner. Risk parameters must be carefully calibrated to match the risk profile of the loans and the lending partner in the system.

The voting method for the system's governance is done by continual approval voting. This means that with EGR, each EGR holder can vote for an unlimited number of ideas, propose a new proposal, or withdraw votes at any moment. The suggestion with the most votes from all EGR holders is designated as the "top proposal" and can be used to adjust the system's risk settings.

Egoras was formed in 2019 by a group of entrepreneurs, ex-bankers, and engineers who wanted to disrupt the loan industry by launching a blockchain-based decentralized microfinance protocol.

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