Overnight.fi USD+

Overnight.fi USD+ PriceUSD+

Rank #849

$1.00

-0.073%
0USD+
1USD+$1.00
0USD+
1USD+$1.00

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About Overnight.fi USD+ (USD+)

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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.

Overnight.fi USD+ (USD+) Price Trends

24H High$1.01
24H Low$0.9941
24H Volume$7.51M
Market Cap
$48.08M
All-Time High(ATH)$1.25
Circulating Supply
48.08M USD+
All-Time Low(ATL)$0.7365
Total Supply
48.08M USD+
Market Cap/FDV
100%
Max Supply
Fully Diluted Valuation
$48.08M
Market SentimentNeutral

Live Overnight.fi USD+ (USD+) Price Update

Overnight.fi USD+ price today is $1.00 with a 24-hour trading volume of $7.51M, and as such Overnight.fi USD+ has a market cap of $48.08M, giving it a market dominance of 0.0011%. The Overnight.fi USD+ price moved -0.073% in the last 24 hours.

Time period
Change amount
% Change
1H-$0.001903-0.19%
24H-$0.0007305-0.073%
7D-$0.002004-0.2%
30D-$0.003713-0.37%
1Y+$0.0009091+0.091%

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