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Data sourced from CoinGecko & DefiLlama · Not financial advice

USD+

Overnight.fi USD+ (Base)

fiat-backed#1352

Issued by Overnight.fi USD+ (Base) · Launched Aug 9, 2024 (2 years ago · 572 days)

$0.9999(-0.015%)
24h H: $1.0000|L: $0.9999
MCap: $7.0M|Vol: $3.9M
98
Excellent

USD+ is a stablecoin fully collateralized by USDC, DAI, and USDT, providing 8-12% APY with daily payouts on Arbitrum, Base, Optimism, and other networks. Purpose: USD+ is designed to offer a stable value pegged to the US dollar, making it ideal for mitigating cryptocurrency volatility. Key Features: Transparency and Security: Daily attestations of reserves by independent third parties ensure trust and reliability. Multi-Chain Support: Available on Artbitrum, Base, Optimism, Linea, Blast, zkSync providing easy access across different blockchain ecosystems. Yield Generation: Offers returns on holdings through a yield-generating feature backed by a portfolio of stablecoins. Utility: Global Payments: Enables efficient, low-cost transactions for businesses and individuals. Market Adoption: Significant circulating supply and daily trading volume demonstrate robust adoption and liquidity. Rebase Mechanism: Rebase Token: USD+ is an ERC20 token, fully collateralized with assets convertible into USDC, with daily rebasing for profit payouts. Profit and Loss: Positive rebase when collateral value exceeds 100% and negative rebase when it falls below 100%. Pegging Mechanism: 'NAV of 1' Policy: Ensures market value of assets equals the amount of USD+ in circulation. Conservative Risk Management: Diversified portfolio of conservative DeFi investments. Daily Profit Distribution: Yield distributed to holders by increasing wallet balances daily. Liquidity Index: Reflects the ratio of issued USD+ tokens to asset volume in strategies. USD+ combines stability, utility, security, and yield generation, making it a noteworthy digital currency. Thorough research is essential to understand the associated risks and benefits.

USD+ Price History

Performance Statistics

Avg Price

$0.9999

Based on 9,874 data points

Std Deviation

0.00036

Price variability measure

Max Down Deviation

-1.69%

Lowest: $0.9831

Max Up Deviation

+0.47%

Highest: $1.0047

Stability Score

98

Excellent

Peg Streak

1286

Max consecutive readings within ±0.1%

Days Since Depeg

No depeg events recorded

Chains

1

Base

Top Trading Pairsby volume

PairExchangePrice
0XB79DD08EA68A908A97220C76D19A6AA9CBDE4376/0X833589FCD6EDB6E08F4C7C32D4F71B54BDA02913BaseSwap V3$0.9999
0XB79DD0…/0X833589…BaseSwap V3$1.0000
0XB79DD0…/0X420000…Uniswap V3 (Base)$0.0005
0XB79DD08EA68A908A97220C76D19A6AA9CBDE4376/0X4200000000000000000000000000000000000006Aerodrome SlipStream$0.0005
0XB79DD0…/0X420000…Aerodrome SlipStream$0.0005
0XB79DD0…/0X833589…Maverick Protocol V2 (Base)$0.9999
0X833589…/0XB79DD0…Maverick Protocol V1 (Base)$1.0001
0XB79DD08EA68A908A97220C76D19A6AA9CBDE4376/0X833589FCD6EDB6E08F4C7C32D4F71B54BDA02913PancakeSwap V3 (Base)$1.0001
0X78B3C724A2F663D11373C4A1978689271895256F/0XB79DD08EA68A908A97220C76D19A6AA9CBDE4376Aerodrome (Base)$0.0012
0X78B3C7…/0XB79DD0…Aerodrome (Base)$0.0011

Smart Contracts1 chains

ChainContract Address
BaseBase0xb79dd08ea68a908a97220c76d19a6aa9cbde4376

Categories

StablecoinsUSD StablecoinBase EcosystemFiat-backed StablecoinBase Native