Overnight DAI+ price 

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.