10% trading discount ByBit

USD+

USD+
1 USD+ =
 $ 1.00
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Market Capitalization:
12.60M $
Circulating supply:
12.59M USD+
Maximum:
12.59M USD+
Volume (24h):
121.64K $
Daily range:
1.00 - 1.01
Changes (7d):
-0.05%

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
1.00 $
1.001$
0.6% 809.71K $ 2023-02-06 22:14:55
2
1.00 $
1.002$
0.6% 62.57K $ 2023-02-06 22:15:31
3
1.00 $
1.002$
0.6% 47.94K $ 2023-02-06 22:14:50
4
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.

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