Overnight.fi DAI+
Overnight Finance is an asset management protocol offering passive yield products based on delta-neutral strategies, primarily for conservative stablecoin investors.
DAI+ 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 DAI+ against DAI instantly on request.
The advantage DAI+ has is our ability to maintain the peg without deploying own capital - as DAI+ can be minted/redeemed against DAI instantly, we are able to arbitrage our pools using flashloans, without own capital, thus maintaining the peg.
DAI+ is the equivalent of USD+, pegged to DAI 1:1. DAI+ consist of aDAI (Aave) and USD+. It has been designed for boosted pools (Balancer and Beethoven) on Optimism. It cannot be minted separately
Symbol |
dai+ |
Current Price |
$1.00200000 |
Market Cap |
$0 |
Market Cap Rank |
|
24h Change |
-0.10%
|
Circulating Supply |
0 |
Total Supply |
2,517,145 |
All-Time High |
$2.70000000 |
All-Time Low |
$0.00084840 |
Twitter Followers |
0 |
Last Updated |
2024-06-09T14:51:25.227Z |
Developer Data
Forks |
0 |
Stars |
0 |
Subscribers |
0 |
Total Issues |
0 |
Closed Issues |
0 |
Pull Requests Merged |
0 |
Pull Request Contributors |
0 |
Commit Count (Last 4 Weeks) |
0 |