Question 1

What is Overnight.fi USD+ (USDPLUS)?

Accepted Answer

Overnight.fi USD+ (USDPLUS) is an ERC-20 rebase token issued by the Overnight Finance protocol. USD+ is a fully collateralized and yield-bearing stablecoin pegged to USDC. It is designed to maintain its peg through a portfolio of conservative DeFi investments. The token's value is kept stable via a mechanism known as the "Net Asset Value of 1" policy, ensuring the market value of assets equals the amount of USD+ in circulation. Profits generated from these investments are distributed to USDPLUS holders through daily rebasing, which increases the token balance in holders' wallets​​​.

Question 2

What is Overnight.fi USD+ (USDPLUS) used for?

Accepted Answer

USDPLUS serves multiple purposes across various stakeholders:

* **For Fiat Investors:** USDPLUS offers an accessible high-yield alternative to traditional financial products, such as money market funds, and can be integrated into online brokers or neobanks as a savings account option linked to Overnight's yield.
* **For the Crypto Community:** USDPLUS provides a low-risk, yield-generating alternative for those looking to temporarily exit volatile positions or manage stablecoin cash efficiently.
* **For Automated Market Makers (AMMs):** Platforms like SushiSwap can utilise USD+ to earn yield on liquidity locked in trading pairs, thus optimising the use of capital that would otherwise remain idle​.

Question 3

Who created Overnight.fi USD+ (USDPLUS)?

Accepted Answer

Overnight.fi and its core products, including USDPLUS, were developed by a team that includes key figures such as Maxim Ermilov, who is the CEO and co-founder.

***The official Overnight.fi USD+ ticker is “USD+” and trades under that name on all the exchanges where it has been listed. The designation “USDPLUS” is for CryptoCompare.com only.***

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