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About Overnight 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
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Market Stats
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Additional details
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DAI+ vs markets
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DAI+ vs BTC
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DAI+ vs ETH
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Tags
Network & Addresses
Network | Address | |
|---|---|---|
Optimism | 0x970D50d09F3a656b43E11B0D45241a84e3a6e011 | |
Arbitrum | 0xeb8E93A0c7504Bffd8A8fFa56CD754c63aAeBFe8 | |
Base | 0x65a2508C429a6078a7BC2f7dF81aB575BD9D9275 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.9962 | |
1 Day | $0.9962 | |
1 Week | $0.9962 | |
1 Month | $0.9962 | |
1 Year | $0.9986 |
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 DAI+ calculator
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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.
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