24h Vol | $2.1363 |
---|---|
Liquidity | $258.76 |
Holders | 5.65K |
Age | 2 years |
FDV | $8.61K |
Market Cap | $8.61K |
About DAI+ (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
USD+/DAI+ Price Stats
The current price of DAI+ (USD+/DAI+) on Chronos is $0.9724, the price is up 0% in the last 24 hours. Its 24-hour trading volume is reported to be at $2.1363 with a total of 1 transactions. USD+/DAI+ contract address is 0xb260163158311596ea88a700c5a30f101d072326, with a Fully Diluted Valuation (FDV) of $2.84M and a liquidity pool of $258.76.