Overnight.fi USD+ (USD+) #481

Overnight.fi USD+

USD+
Suspiciously similar
Last price update: 18 March
$ 0.9936

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Overnight.fi USD+ is not active.

Cryptocurrency List
Current trading data unavailable
Our database has no trading pairs or current price. This does not mean the coin is not traded. Check quotes on the exchange before trading.
Market Cap
$ 47.8 mln.
#647
FDV valuation
≈ $ 47.8 mln.
FDV ≈ price × issued supply. Future issuance is not included.
Issued supply: 48 085 096 tokens.
FDV / market cap: 1.00×.
Saved supply is used; its verification date is unknown.
Calculated using the last available price; quote freshness is unconfirmed.
Volume · 24h
$ 0
Market share
<0.01%
Circulating USD+
—
Issued supply
48 085 096

Price: low and high

24 hrs
No data
30 days
No data
1 year Partial data
Low $ 0.779 High $ 1.01
All time
Low $ 0.737 High $ 1.25
-20.52% from ATH +25.81% to ATH
How the range is calculated

24h uses saved quotes from the last 24 hours. The 30-day and one-year views use daily lows and highs for UTC calendar days, including today. Gaps are not filled; prices may have differed between samples. The dot marks the current price, not a buy signal.

All time uses CoinGecko’s USD ATL and ATH. Other currencies use the current exchange rate; these are not historical records in the selected currency.

USD+ Sectors:
Overnight.fi USD+ does not belong to any sector.

Exchanges where USD+ is traded

No data

Calculator USD+

USD+
USDT

1 USD+ = 0.9936 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.

How to add Overnight.fi USD+ to Metamask?

To add USD+ to the metamask you need:

  1. In the wallet select the desired network and then in the cryptocurrencies section scroll to the bottom - click "Import tokens".
  2. Copy the smart contract address for Overnight.fi USD+ from the list below.
  3. Paste into the "Smart Contract Address" field.
  4. Click the "Add Custom Token" button.

The USD+ is available on the 3 blockchain networks. Below is a list of Overnight.fi USD+ smartcontract addresses to add to the metamask:

  • Polygon POS - 0x236eec6359fb44cce8f97e99387aa7f8cd5cde1f
  • zkSync - 0x8e86e46278518efc1c5ced245cba2c7e3ef11557
  • BNB Smart Chain - 0xe80772eaf6e2e18b651f160bc9158b2a5cafca65

Official websites and links for Overnight.fi USD+

There are currently about 4 official links to Overnight.fi USD+ websites and social media:

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