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DAI+

Overnight.fi DAI+ logo

Overnight.fi DAI+

1.00
+0.00312406377
+0.31%
May 16, 08:14 UTC

Overnight.fi DAI+ (DAI+) Profile & Statistics

About

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


Info & Links


DAI+ Statistics

24H Low/High
  • Rank
    -
  • Market Cap
    -
  • Fully Diluted Valuation
    $38

  • Circulating Supply
    -
  • Max Supply
    -
  • Total Supply
    2,517,145

  • 24H Trading Vol
    $39,405
  • Hashing Algorithm
    -
  • Block Mining Time
    -
Performance Table

Change vs. USD

1D
+0.31%
7D
-0.03%
30D
-0.09%
YTD
-22.56%
1Y
-1.27%

Circulating/Total
-
Mkt Dominance
-

DAI+ Social Stats

  • Twitter Followers
    0
  • Reddit Subscribers
    0
  • Reddit Average Active Accounts
    0
  • Reddit Average New Posts Per Hour
    0
  • Reddit Average Comments Per Hour
    0
  • Telegram Channel Users
    1,571

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