About Overnight
At the core of Overnight is the concept of stablecoin-based DeFi. The platform introduces stablecoins like USD+, DAI+, and USDT+ that are designed to maintain a stable value relative to their underlying assets. These stablecoins serve as foundational building blocks for users to access various opportunities within the DeFi landscape.
Overnight.fi is a protocol focusing on asset management, with a specialization in neutral-risk strategies. At the heart of its product line is USD+, which is a yield-driven stablecoin, fully backed by collateral. This collateral for USD+ is rooted in DeFi strategies that generate returns. These strategies encompass lending to platforms like Aave, and include both stablecoin-to-stablecoin and neutral-risk strategies.
The goal of issuing OVN is twofold:
Promote and popularize USD+, which is achieved with using OVN for bribes;
Establish a robust & decentralized risk monitoring and management processes at the protocol level.
OVN token will provide standard voting rights which will be key to realizing the vision of decentralized risk-management. OVN token should help align community incentives with this goal: to reward for supporting conservative risk decisions, and for vetoing aggressive ones.
Happening now
AI generated 13h ago
OVN faces legal turbulence as investors allege the founder diverted $12.5M
, triggering heavy selling and a roughly
↘80%
volume collapse over the past week.
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Trading Insights
Traders
69
0%
Market Stats
Market Cap
€1.45M
FDV
€1.46M
Circ. Supply
995K OVN
Max Supply
1M OVN
Total Supply
995K OVN
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
€565.87
93.95%
Volume (7D)
€3.56K
Volume (30D)
€17.68K
All time high
€92.35
Price Change (1Y)
Not enough data
236.13%
Additional details
Market details
OVN vs markets
↗ 418.24%
OVN vs BTC
↗ 466.81%
OVN vs ETH
↗ 416.28%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Optimism | 0x3b08fcd15280e7B5A6e404c4abb87F7C774D1B2e | |
Base | 0xA3d1a8DEB97B111454B294E2324EfAD13a9d8396 | |
Arbitrum | 0xA3d1a8DEB97B111454B294E2324EfAD13a9d8396 | |
BNB Smart Chain | 0x259B30C916e440FB79747cD559207FfdaBBae057 |
Price history
Time | Price | Change |
|---|---|---|
Today | €1.46 | |
1 Day | €1.45 | |
1 Week | €0.637 | |
1 Month | €1.16 | |
1 Year | €0.4661 |
Coinbase insights
Happening now
AI generated 13h ago
OVN faces legal turbulence as investors allege the founder diverted $12.5M
, triggering heavy selling and a roughly
↘80%
volume collapse over the past week.
Legal issues trigger market uncertainty
The legal proceedings and frozen $12.6M in funds
following allegations against Overnight Finance have created significant uncertainty, with investors pulling back sharply as the
court case unfolds.
Selling pressure intensifies sharply
Over 90% of trades over the past 24 hours were sells, while trading volume collapsed roughly
↘80%
over the past week as investors reacted to the legal developments.
Recent trends
The latest OVN price is €1.46. Compared to Overnight's value of €1.45 from 24 hours ago, there's been a -0% decrease, while the current price is 132% up from €0.64 which was recorded one week ago. Overnight's all time high is €92.35, which was reached on April 13, 2024. This is a -98% change from its price today.
The current circulating supply of Overnight is 994,530. This is 99% of its max supply of 1,000,000 OVN and 100% of its total supply of 994,530. The market cap is currently €1.45M, which is a result of multiplying the current price of Overnight(€1.46) by the total supply(994,530 OVN). The fully diluted valuation of Overnight is €1.46M. The diluted valuation of Overnight is €1.46M.
FAQ
Earn up to $2,000 when you buy $50 in crypto
Earn free crypto after making your first purchase.
Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Overnight calculator
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Legal
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.
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