USD+ is a stablecoin fully collateralized by USDC, DAI, and USDT, providing 8-12% APY with daily payouts on Arbitrum, Base, Optimism, and other networks.
Purpose: USD+ is designed to offer a stable value pegged to the US dollar, making it ideal for mitigating cryptocurrency volatility.
Key Features:
Transparency and Security: Daily attestations of reserves by independent third parties ensure trust and reliability.
Multi-Chain Support: Available on Artbitrum, Base, Optimism, Linea, Blast, zkSync providing easy access across different blockchain ecosystems.
Yield Generation: Offers returns on holdings through a yield-generating feature backed by a portfolio of stablecoins.
Utility:
Global Payments: Enables efficient, low-cost transactions for businesses and individuals.
Market Adoption: Significant circulating supply and daily trading volume demonstrate robust adoption and liquidity.
Rebase Mechanism:
Rebase Token: USD+ is an ERC20 token, fully collateralized with assets convertible into USDC, with daily rebasing for profit payouts.
Profit and Loss: Positive rebase when collateral value exceeds 100% and negative rebase when it falls below 100%.
Pegging Mechanism:
'NAV of 1' Policy: Ensures market value of assets equals the amount of USD+ in circulation.
Conservative Risk Management: Diversified portfolio of conservative DeFi investments.
Daily Profit Distribution: Yield distributed to holders by increasing wallet balances daily.
Liquidity Index: Reflects the ratio of issued USD+ tokens to asset volume in strategies.
USD+ combines stability, utility, security, and yield generation, making it a noteworthy digital currency. Thorough research is essential to understand the associated risks and benefits.
Where is Overnight.fi USD+ (Base) available for purchase?
What is the highest value Overnight.fi USD+ (Base) (USD+) has ever reached?
Overnight.fi USD+ (Base) (USD+) reached its peak price at 2 $ on 27 April 2025, approximately 4 months ago ago. Presently, the current price is -49.95% lower than this all-time high.
What is the historical minimum price for Overnight.fi USD+ (Base) (USD+)?
The minimum price reached for Overnight.fi USD+ (Base) (USD+) was 0.9646 $, documented on 05 December 2024, more than 8 months ago. In comparison, the current price is 3.76%, it above this historical low.
What is the fully diluted valuation of Overnight.fi USD+ (Base) (USD+)?
The fully diluted valuation (FDV) of Overnight.fi USD+ (Base) (USD+) stands at $ 44,59 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of USD+ tokens. The realization of this FDV might take several years depending on the emission schedule of USD+ tokens.