Today Overnight.fi USD+ (USD+) traded on Mute, Dystopia, and Pancakeswap V3 (zkSync). The maximum trading volume is observed for the trading pair USD+/USDC--26 and reaches 30 dollars (82% of the total volume across all exchanges). During the week, the minimum price for Overnight.fi USD+ (USD+) is fixed on Thursday at 0.9971 cents. Currently, the token Overnight.fi USD+ is trading in the range of 99.83 cents or 0.0022 kopecks for 1 USD+.
USD+ Overnight.fi USD+
Price of Overnight.fi USD+ (USD+)
Exchanges where USD+ is traded
| Exchange | Pair | Price | Volume, 24h | ||
|---|---|---|---|---|---|
| 1 |
Koi Finance
|
USD+/USDC--26 |
$ 0.9951
USDC--26 0.9954
|
$ 28 | Go |
| 2 |
Dystopia
|
USD+/USDC.E--6 |
$ 0.9983
USDC.E--6 0.9987
|
$ 6 | Go |
| 3 |
PancakeSwap V3 (zkSync)
|
USD+/USDC--26 |
$ 0.9904
USDC--26 0.9907
|
$ 2 | Go |
Calculator USD+
1 USD+ = 0.9983 USD
What is 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.
Official websites and links for Overnight.fi USD+
There are currently about 4 official links to Overnight.fi USD+ websites and social media:
- Website - overnight.fi
- Twitter - twitter.com/overnight_fi
- Facebook - facebook.com
- GitHub - github.com/ovnstable