Overnight.fi USD+

Price

(usd+)
Note: This platform does not support trading services in this currency
$0.998828 +0.0%

      Overview

      usd+ Price Live Data

      usd+ Price Information

      24h Low/High

      24h Low $0.995523
      24h High $1.011

      All Time High

      US$1.25

      All Time Low

      US$0.736532

      High Price 7D

      US$1.017

      Low Price 7D

      US$0.944814

      usd+ Market Information

      Market Cap Ranking

      950

      Fully Diluted Valuation

      US$48123377

      Total Supply

      48,085,096.37

      Maximum Supply

      Market Cap Advantages

      0.001%

      Circulation Supply/Total Market Cap

      0.020

      About 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.

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