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DAI+ is a stablecoin that generates a yield of 8-12% per year through daily rebase. It is fully backed by a portfolio of low-risk DeFi assets that generate yields, such as lending protocols and stable-to-stable liquidity pools. This setup allows for daily profit generation and loss avoidance, as well as the ability to mint and redeem DAI+ against DAI instantly.
The primary uses of DAI+ are liquidity management, AMM trading, and leveraged yield farming. By enabling capital efficiency in stablecoin usage, DAI+ provides additional yield for idle stablecoins and those used in major protocols.
One of the advantages of DAI+ is the ability to maintain its peg without deploying its own capital. Since DAI+ can be instantly minted and redeemed against DAI, its pools can be arbitrated using flash loans without the need for additional capital, which helps to ensure that the peg remains stable.
The live Overnight DAI+ price today is $0.995242 USD with a 24-hour trading volume of $4.71 USD. We update our DAI+ to USD price in real-time. Overnight DAI+ is up 0.18% in the last 24 hours. The current CoinMarketCap ranking is #8175, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.