About Overnight 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
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Traders
1
Market Stats
Market Cap
$10.74K
FDV
$15.37M
Circ. Supply
11K DAI+
Max Supply
Not enough data
Total Supply
15M DAI+
Diluted Valuation
$2.51M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$2.65
841.32%
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
$26.88
Price Change (1Y)
Not enough data
0.05%
Additional details
Market details
DAI+ vs markets
↗ 16.48%
DAI+ vs BTC
↗ 17.46%
DAI+ vs ETH
↗ 32.93%
Tags
stablecoin
asset-backed-stablecoin
Network & Addresses
Network | Address | |
|---|---|---|
Optimism | 0x970D50d09F3a656b43E11B0D45241a84e3a6e011 | |
Arbitrum | 0xeb8E93A0c7504Bffd8A8fFa56CD754c63aAeBFe8 | |
Base | 0x65a2508C429a6078a7BC2f7dF81aB575BD9D9275 |
Price history
Time | Price | Change |
|---|---|---|
Today | $1.00 | 0.00% |
1 Day | $1.00 | 0.00% |
1 Week | $1.00 | ↘ 0.04% |
1 Month | $1.00 | ↗ 0.06% |
1 Year | $1.00 | ↗ 0.05% |