DAI+

Overnight DAI+ price
DAI+
#8175

$0.9952  

0.18% (1d)

Overnight DAI+ to USD Chart

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Overnight DAI+ statistics
Market cap
$15.32M

0.00%

Volume (24h)
$4.71

39.18%

FDV
$15.32M
Vol/Mkt Cap (24h)
0.000031%
Total supply
15.40M DAI+
Max. supply
--
Self-reported circulating supply
15.40M DAI+
DAI+ to USD converter
DAI+
USD
Price performance
24h 
Low
$0.9892
High
$1.01
All-time high
Dec 18, 2023 (10 months ago)
$26.88
-96.3%
All-time low
Jun 24, 2024 (4 months ago)
$0.8363
+19.01%
See historical data


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About Overnight DAI+

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.

 
 
 
 
 
 

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