USD+
Price live today, Analysis, Charts & Ratings for USD+ (USD+)
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0.999864
USD
Rank #405| WebSite : Overnight.fi |
| Whitepaper : Docs.overnight.fi |
| Domain Age : Data not found or unavalaible |
- 24 hours
-0.62%
- 30 days
0.07%
- ATH
-15.26%
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The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. AssetCrypto does not recommend that any cryptocurrency should be bought, sold, or held by you.
Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
USD+ Ratings Score
USD+ Price live today
USD+ (USD+) is currently trading at 0.999864 USD and with a circulating supply of 53,502,816 USD+.
Its market capitalization is 53,550,261 USD.
USD+ price has moved -0.62% in the last 24 hours, with 1,575,450 USD worth of USD+ traded on various exchanges.
USD+ currently ranks #405 in cryptocurrency rankings based on market capitalization.
Its market capitalization is 53,550,261 USD.
USD+ price has moved -0.62% in the last 24 hours, with 1,575,450 USD worth of USD+ traded on various exchanges.
USD+ currently ranks #405 in cryptocurrency rankings based on market capitalization.
About 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.
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.