DAI+

Overnight DAI+ price 
DAI+

$0.9994  

0.18% (1d)

Overnight DAI+ to USD Chart

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Overnight DAI+ statistics
Market cap
 

0.00%

$15,387,767
#4462
Volume (24h)
 

98.64%

$25,573
#3675
Volume/Market cap (24h)
 
0.17%
Self-reported circulating supply
 
15,397,090 DAI+
Total supply
 
15,397,090 DAI+
Max. supply
 
--
Fully diluted market cap
 
$15,387,767
DAI+ to USD Converter
DAI+
USD
Price performance
24h 
Low
$0.999
High
$1.00
All-time high
Dec 18, 2023 (4 months ago)
$26.88
-96.28%
All-time low
Mar 08, 2024 (a month ago)
$0.8566
+16.67%
See historical data
Popularity
In watchlists112x
9340th / 9.7K
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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.