Cryptocurrency USD+ (USD+)
The price for USD+ (USD+) cryptocurrency is currently 1.00 $ (15 min delay),
daily range of currency change is 1.00 - 1.01 .
Last 24 hours news: trading volume -
121.64K $, price variance
-0.05%
.
The highest trading volume belongs to the pair 0X73CB180BF0521828D8849BC8CF2B920918E23032/0X7F5C764CBC14F9669B88837CA1490CCA17C31607 at the Velodrome Finance exchange
Project Website - https://overnight.fi/
Explorer of transactions - https://polygonscan.com/token/0x236eec6359fb44cce8f97e99387aa7f8cd5cde1f
Twitter Account - https://twitter.com/overnight_fi
Chart USD+ (USD+)
| Current price USD+ (usd+) | 1.00 $ |
| Market Capitalization | 14.73M $ |
| Trading Volume last 24h | 937.73K $ |
| Minimum exchange rate (24h) | 0.99 $ |
| Maximum exchange rate (24h) | 1.01 $ |
| Market cap rank | № 846 |
| Absolute maximum | 1.13 $ |
| Absolute minimum | 0.74 $ |
USD+ Quotes
|
#
|
Exchange
|
Pair
|
Price
|
Spread
|
Volume
|
Last traded
|
|---|---|---|---|---|---|---|
| 1 | 0X73CB180BF0521828D8849BC8CF2B920918E23032/0X7F5C764CBC14F9669B88837CA1490CCA17C31607 |
1.00 $
1.001$
|
0.6% | 809.71K $ | 2023-02-06 22:14:55 | |
| 2 | 0X0782B6D8C4551B9760E74C0545A9BCD90BDC41E5/0XE80772EAF6E2E18B651F160BC9158B2A5CAFCA65 |
1.00 $
1.002$
|
0.6% | 62.57K $ | 2023-02-06 22:15:31 | |
| 3 | 0X62F594339830B90AE4C084AE7D223FFAFD9658A7/0X236EEC6359FB44CCE8F97E99387AA7F8CD5CDE1F |
1.00 $
1.002$
|
0.6% | 47.94K $ | 2023-02-06 22:14:50 | |
| 4 | 0X236EEC6359FB44CCE8F97E99387AA7F8CD5CDE1F/0X2791BCA1F2DE4661ED88A30C99A7A9449AA84174 |
1.00 $
1.002$
|
0.65% | 9.03K $ | 2023-02-06 22:14:52 |
What is USD+ (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.
Similar cryptocurrencies
|
#
|
Name
|
Ticker
|
Capitalization
|
|---|---|---|---|
| 1 | HAPI |
12.67M $
12.67M $
|
|
| 2 | ALD |
12.69M $
12.69M $
|
|
| 3 | ALU |
12.50M $
12.50M $
|
|
| 4 | CRPT |
12.49M $
12.49M $
|
|
| 5 | MEME |
12.49M $
12.49M $
|
|
#
|
Name
|
Ticker
|
Price (USD)
|
|---|---|---|---|
| 1 | USDT |
1.00 $
1.00 $
|
|
| 2 | ST-YCRV |
1.00 $
1.00 $
|
|
| 3 | BUSD |
1.00 $
1.00 $
|
|
| 4 | USDB |
1.00 $
1.00 $
|
|
| 5 | VEUSD |
1.00 $
1.00 $
|
Trading discount
