Overnight.fi USD+USD+
Convert USD+ to your currency
Last Updated on Sep 30, 2025 07:04 AM
What is Overnight.fi USD+?
About the coin
USD+ is a stablecoin designed to generate yield, offering an annual percentage yield (APY) of 8-12% through a daily rebase mechanism. It is fully backed by a portfolio of liquid, yield-generating, low-risk decentralized finance (DeFi) assets, primarily involving lending protocols and stable-to-stable liquidity pools. This structure allows USD+ to avoid losses and generate profit daily, while enabling instant minting and redemption against USDC upon request.
Main features
USD+ serves multiple purposes, including liquidity management for temporarily parking spare stablecoin cash, automated market maker (AMM) trading, and leveraged yield farming. It enhances capital efficiency in stablecoin usage by providing extra yield on idle stablecoins or those used in major protocols. USD+ is currently available on the Polygon network and is expanding to other blockchain networks.
How it works
The strategy for USD+ involves establishing trading pairs at leading AMMs, such as stablecoin boosted pools on Balancer/Beethoven and ETH-USD+, Matic-USD+ on Quickswap/Uni V2, with potential expansion to Curve. A key advantage of USD+ is its ability to maintain the peg without deploying its own capital. Since USD+ can be minted and redeemed against USDC instantly, it can arbitrage its pools using flashloans without using its own capital, thereby maintaining the peg effectively.
Wallet for Overnight.fi USD+
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Tangem supports networks for Overnight.fi USD+
- Bnb Smart Chain
- Zksync
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Overnight.fi USD+ FAQ
- Owning cryptocurrency can be important for several reasons: it provides a decentralized way to store and transfer value, offers potential for investment growth, enables participation in emerging financial technologies, and can be used for secure and private transactions.
- A cryptocurrency wallet is a tool or device that allows you to store, manage, and use your cryptocurrency. It keeps your private keys secure and enables you to interact with various blockchain networks, including Bitcoin and Ethereum.
- When choosing a cryptocurrency wallet, consider factors such as security, ease of use, and cryptocurrencies supported. Also determine whether you prefer a hardware or software wallets. Research reviews and compare features to find the best option for your needs.
How to secure Overnight.fi USD+ with Tangem Wallet?
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Sync Tangem Wallet with our App. During the activation process, the card’s embedded chip generates a random private key, ensuring that the wallet cannot be compromised.
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Why choose Overnight.fi USD+ wallet with Tangem.
Private. No registration and KYC required to use the app. We don't track your data.
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