24h Vol | $0.00 |
---|---|
Liquidity | $7.0096 |
Holders | 681 |
Age | 1 year |
FDV | $3.61K |
Market Cap | $3.61K |
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
DAI+/DAI Price Stats
The current price of DAI+ (DAI+/DAI) on Uniswap V3 (Optimism) is $0.9978, 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+/DAI contract address is 0x6c0b8844c50490eff641570029fdd39cf31a3c88, with a Fully Diluted Valuation (FDV) of $3,595.31 and a liquidity pool of $7.0096.