Overnight.fi USD+

Price

(usd+)
Note: This platform does not support trading services in this currency
$0.999745 +0.1%
  • 1 Hour
  • 24 Hours
  • 7 Days
  • 14 Days
  • 30 Days
  • 1 Yr
  • -0.0%
  • +0.1%
  • +0.0%
  • -0.0%
  • -0.0%
  • -0.1%

Overview

usd+ Price Live Data

Today's price of Overnight.fi USD+ (USD+) is US$0.999745 and the 24 hour trading volume is US$292941. This shows the price for the last 24 hours is Increase to 0.12% and the price for the past 7 days is Increase to 0.03%. The circulation supply is 48.085096370504104 million USD+ and the market cap of Overnight.fi USD+ is US$48,105,665.

usd+ Price Information

24h Low/High

24h Low $0.997075
24h High $1.006

All Time High

US$1.25

All Time Low

US$0.736532

High Price 7D

US$1.017

Low Price 7D

US$0.985803

usd+ Market Information

Market Cap Ranking

738

Fully Diluted Valuation

US$48105665

Total Supply

48,085,096.37

Maximum Supply

Market Cap Advantages

0.001%

Circulation Supply/Total Market Cap

0.006

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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