Overnight DAI+ (DAI+) Live Price and charts Today

1 Overnight DAI+ (DAI+) Price Today in USD is -

Overnight DAI+ (DAI+) = - USD

Overnight DAI+ (DAI+) all-time high (ATH) is - USD

The maximum supply of Overnight DAI+ (DAI+) is Unknown

Overnight DAI+ (DAI+) 24h volume is - USD

Overnight DAI+ (DAI+) Market Cap is - USD

Overnight DAI+

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  • Rank #N/A
  • Market Cap -
  • 24H Spot Volume
  • 24H Volume / Market Cap -
  • Circulating Supply -
  • Total Supply 2,517,145
  • Max Supply -
  • Fully Diluted Valuation -
  • API ID overnight-dai copy duigou
  • Project Start Date -
  • Contracts & Explorer(s) coin-img 0x970...6e011
    copy duigou
  • Websites Website
  • Links
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About DAI+ Roadmap & Milestones
Overnight DAI+ ($DAI+) is a 1:1 DAI pegged decentralized stablecoin by Overnight on Optimism and Arbitrum.

‘Overnight’ stands for overnight interest rate, the interest rate one receives by lending money for the shortest duration possible - 1 night. Overnight is a DeFi protocol specialising in delta-neutral strategies. Core products include:

  • USD+ - a 1:1 USDC pegged token with a daily profit payout 
  • ETS - delta-neutral yield generating strategies
  • Insurance - reserves allocated to cover the first loss on USD+ 

Overnight DAI+ ($DAI+) is a 1:1 DAI pegged decentralized stablecoin by Overnight on Optimism and Arbitrum. DAI+ consist of aDAI (Aave) and USD+. It has been designed for boosted pools (Balancer and Beethoven) on Optimism. It cannot be minted separately. 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

  • avoid losses and generate profit every day 
  • mint and redeem DAI+ against DAI instantly on request. 

DAI+ is used for

  • liquidity management - temporary parking of spare stablecoin cash 
  • AMM trading and 
  • leveraged yield farming. 

DAI+ brings the benefit of capital efficiency to stablecoin usage, i.e. extra yield on idle stablecoins and/or used in major protocols DAI+ is currently on Optimism, Arbitrum and expanding to other chains. 

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