Check Overnight.fi USD+ Current Price Today.

$1.00

-0.05% (24H)
Low $1.00
High $1.00
  • Market Cap $63.21 M
  • Volume $16.08 M
  • ATH $1.25
  • ATH(% Change) -20.23%
  • ATH Date

Loading Data
Please wait, we are loading chart data
Date Price Volume MarketCap
# Exchange Pair Price Volume (24h) Updated Trust Score

Overnight.fi USD+ current price is $1.00 with a marketcap of $63.21 M. Its price is -0.05% down in last 24 hours.

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 protocolsUSD+ 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.