About Overnight.fi USD+ USD+

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 Data

Overnight.fi USD+ (USD+) price has decreased today.

Overnight.fi USD+ price today is $1.0003 with a 24-hours trading volume up by -- %. USD+ price is down in the last 24 hours. It has a circulating supply is 62.8M USD+ coins and a total supply of 63.7M.

What is the highest price for Overnight.fi USD+?

The all-time high price of Overnight.fi USD+ is $1.9149 on Mar 8, 2024.

What is the lowest price for Overnight.fi USD+?

The all-time low price of Overnight.fi USD+ is $0.8996 on Apr 5, 2024.