Score | 47 |
|---|---|
24h Vol | $0 |
Liquidity | $26.03 |
Holders | 7.8K |
Audits | |
Age | 2 years |
FDV | $60.9K |
Market Cap | $60.9K |
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
DAI+/USDbC Price Stats
The current price of DAI+ (DAI+/USDbC) on Velocimeter (Base) is $0.9954, the price is up 0% in the last 24 hours. Its 24-hour trading volume is reported to be at $0.00 with a total of 0 transactions. DAI+/USDbC contract address is 0x42731e7774cf1b389fe2d9552bbdd6e4bb05e42b, with a Fully Diluted Valuation (FDV) of $60,901.53 and a liquidity pool of $26.03.
