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Overnight.fi USD+ (USD+) Price Live Chart
Overnight.fi USD+ (USD+) Price Today
Overnight.fi USD+(USD+) price today is $1, with a 24-hour trading volume of $350.81K and as such Overnight.fi USD+(USD+) has a market cap of --, giving it a market dominance of 0.0013%. The Overnight.fi USD+(USD+) price moved +0.13% in the last 24 hours.
USD+ Price Data
- 24H Volume$350.81K
- All-Time High(ATH)$1.25
- 24H High$1
- All-Time Low(ATL)$0.7365
- 24H Low$0.9868
USD+ Market Cap Infos
- Fully Diluted Valuation$48.13M
- Market SentimentNeutral
USD+ Supply
- Total Supply48.08M USD+
- Max Supply∞
About Overnight.fi USD+ (USD+)
Contract

0xe80772e...a5cafca65
Explorers
polygonscan.com
Website
overnight.fi
USD+ is a yield-generating stablecoin yielding 8-12% pa, via daily rebase. It is fully backed by a portfolio of liquid, yield generating, low-risk DeFi assets (mostly, lending protocols and stable-to-stable liquidity pools in a way that allows to (1) avoid losses and generate profit every day (2) mint and redeem USD+ against USDC instantly on request.
USD+ is used for (1) liquidity management - temporary parking of spare stablecoin cash (2) AMM trading and (3) leveraged yield farming. USD+ brings the benefit of capital efficiency to stablecoin usage, i.e. extra yield on idle stablecoins and/or used in major protocols
USD+ is currently on Polygon and expanding to other chains. We are going to market by establishing USD+ trading pairs at leading AMMs: (1) Stablecoin boosted pools on Balancer/Beethoven (2) ETH-USD+, Matic-USD+ on Quickswap/Uni V2, (3) potentially, Curve. The advantage USD+ has is our ability to maintain the peg without deploying our own capital - as USD+ can be minted/redeemed against USDC instantly, we are able to arbitrage our pools using flashloans, without our own capital, thus maintaining the peg.