Overnight.fi USD+ current market price is $1.000 with a 24 hour trading volume of $14.99M. The total available supply of Overnight.fi USD+ is 64.08M USD+ with a maximum supply of (Not Available) USD+. It has secured Rank 602 in the cryptocurrency market with a marketcap of $64.00M. The USD+ price is -0.2% down in the last 24 hours.
The lowest price of the Overnight.fi USD+ is $0.995 & the highest price is $1.02 in the last 24 hours. Live Overnight.fi USD+ prices from all markets and USD+ coin market Capitalization. Stay up to date with the latest Overnight.fi USD+ price movements. Check our coin stats data and see when there is an opportunity to buy or sell Overnight.fi USD+ at best price in the market.
#602
$1.000
$-0 -0.2%
$0.995 / $1.02
$64.00M 2.02%
$14.99M
64.08M USD+
(Not Available) USD+
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-0.2%
0.07%
0.1%
0.03%
-0.01%
0.05%
Compare live prices of Overnight.fi USD+ on top exchanges.
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.
https://basescan.org/token/0xb79dd08ea68a908a97220c76d19a6aa9cbde4376
https://twitter.com/overnight_fi