Inside Overnight.fi 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.
Returns Across Timeframes
Closing-price percentage change from 1 day through 1 year.
Key Moments
Genesis, All-Time Low, All-Time High and today — the signature points of the price history.
Deployed Across
Every chain on which this token has a known contract address.
AGON Analyst Briefing
An analyst briefing for Overnight.fi USD+ has not been generated yet.
USD+ Yields
Live DeFi yield opportunities aggregated from DeFi Llama.
Overnight.fi USD+
