USD+

Overnight.fi USD+ (Optimism) price
USD+
#3171

$0.9959  

0.23% (1d)

Overnight.fi USD+ (Optimism) to USD Chart

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Overnight.fi USD+ (Optimism) statistics
Market cap
$135.36K

0.00%

Volume (24h)
$781.81K

118.10%

FDV
$135.36K
Vol/Mkt Cap (24h)
577.58%
Total supply
135.91K USD+
Max. supply
--
Self-reported circulating supply
135.91K USD+
USD+ to USD converter
USD+
USD
Price performance
24h 
Low
$0.9814
High
$1.01
All-time high
Nov 15, 2024 (6 days ago)
$1.03
-3.14%
All-time low
Nov 21, 2024 (2 hours ago)
$0.9814
+1.48%
See historical data


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Overnight.fi USD+ (Optimism) community

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Overnight.fi USD+ (Optimism) News

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CMC Daily Analysis

About Overnight.fi USD+ (Optimism)

USD+ is a stablecoin fully collateralized by USDC, DAI, and USDT, providing 8-12% APY with daily payouts on Arbitrum, Base, Optimism, and other networks.

Purpose: USD+ is designed to offer a stable value pegged to the US dollar, making it ideal for mitigating cryptocurrency volatility.

Key Features.

Transparency and Security: Daily attestations of reserves by independent third parties ensure trust and reliability. Multi-Chain Support: Available on Base, Arbitrum, Optimism, Linea, and Blast, providing easy access across different blockchain ecosystems. Yield Generation: Offers returns on holdings through a yield-generating feature backed by a portfolio of stablecoins.

Utility.

Global Payments: Enables efficient, low-cost transactions for businesses and individuals. Market Adoption: Significant circulating supply and daily trading volume demonstrate robust adoption and liquidity.

Rebase Mechanism.

Rebase Token: USD+ is an ERC20 token, fully collateralized with assets convertible into USDC, with daily rebasing for profit payouts. Profit and Loss: Positive rebase when collateral value exceeds 100% and negative rebase when it falls below 100%.

Pegging Mechanism: 'NAV of 1' Policy: Ensures market value of assets equals the amount of USD+ in circulation.

Conservative Risk Management: Diversified portfolio of conservative DeFi investments.

Daily Profit Distribution: Yield distributed to holders by increasing wallet balances daily.

Liquidity Index: Reflects the ratio of issued USD+ tokens to asset volume in strategies. USD+ combines stability, utility, security, and yield generation, making it a noteworthy digital currency.