Overnight.fi USD+ Markets Exchange Data

Compare live prices of Overnight.fi USD+ on top exchanges.

#	Exchange	Pair	Price	Volume (24h)	Trust Score
	BaseSwap V3	0XB79DD.../0X83358...	$1.000	$737,809
	BaseSwap V3	0XB79DD.../0X83358...	$1.000	$6,977
	Dystopia	0X236EE.../0X2791B...	$1.000	$20
	Alien Base	0XB79DD.../0XD9AAE...	$1.00	$2
	Koi Finance	0X8E86E.../0X3355D...	$0.993	$2
	Maverick Protocol V1 (zkSync)	0X3355D.../0X8E86E...	$0.996	$11	N/A

About Overnight.fi USD+ (USD+) Cryptocurrency

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.