|Fully Diluted ValuationFDV||$1.87M|
|24h Volume24h Vol||$599.27K|
|Market CapMkt Cap||$49.32M|
USDC/USD+ Price Stats
The current price of USD+ (USDC/USD+) on Velocore is $0.9993, the price is up -0% in the last 24 hours. Its 24-hour trading volume is reported to be at $599.27K with a total of 309 transactions. USDC/USD+ contract address is 0x4b9f00860d7f42870addeb687fa4e47062df71d9, with a Fully Diluted Valuation (FDV) of $1.87M and a liquidity pool of $1.36M.
About USD+ (USD+)
USD+ 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 USD+ against USDC instantly on request. USD+ is used for (1) liquidity management - temporary parking of spare stablecoin cash (2) AMM trading and (3) leveraged yield farming. USD+ brings the benefit of capital efficiency to stablecoin usage, i.e. extra yield on idle stablecoins and/or used in major protocols USD+ is currently on Polygon and expanding to other chains. We are going to market by establishing USD+ trading pairs at leading AMMs: (1) Stablecoin boosted pools on Balancer/Beethoven (2) ETH-USD+, Matic-USD+ on Quickswap/Uni V2, (3) potentially, Curve. The advantage USD+ has is our ability to maintain the peg without deploying our own capital - as USD+ can be minted/redeemed against USDC instantly, we are able to arbitrage our pools using flashloans, without our own capital, thus maintaining the peg.