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DAI+

DAI+Copy token address/USD+

Price USD
$0.9966
Price
0.9966 USD+
Liquidity
$5.0K
FDV
$20K
Mkt Cap
$20K
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Txns0
VolumeN/A
Makers
0
Buys0
Sells0
Buy VolN/A
Sell VolN/A
Buyers0
Sellers0
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Pair created1y 7mo 1d ago
Pooled DAI+2,528.00$2.5K
Pooled USD+2,519.00$2.5K
Pair
LPsEXP
DAI+
HLDEXP
USD+
HLDEXP
Go+ Security
1 issue
Quick Intel
1 issue
Token Sniffer
0/100
Warning! Audits may not be 100% accurate! More.
DAI+
DAI+

Overnight Finance is an asset management protocol offering passive yield products based on delta-neutral strategies, primarily for conservative stablecoin investors. DAI+ is a yield-generating stablecoin yielding 8-12% pa, via daily rebase. It is fully backed by a portfolio of liquid, yield generating, low risk DeFi assets (mostly, lending protocols and stable-to-stable liquidity pools in a way that allows to (1) avoid losses and generate profit every day (2) mint and redeem DAI+ against DAI instantly on request. The advantage DAI+ has is our ability to maintain the peg without deploying own capital - as DAI+ can be minted/redeemed against DAI instantly, we are able to arbitrage our pools using flashloans, without own capital, thus maintaining the peg. DAI+ is the equivalent of USD+, pegged to DAI 1:1. DAI+ consist of aDAI (Aave) and USD+. It has been designed for boosted pools (Balancer and Beethoven) on Optimism. It cannot be minted separately