Step 1
MINT TOKENS+
Instantly mint any amount of Tokens+
Step 2
RECEIVE YIELD
Do nothing and receive daily rebase by holding Tokens+
Step 3
USE IN DeFI
Use your Tokens+ in DeFI to maximize your yield
Key Features
- Full collateralization
- Rebase
- Passive yield
- Usability
- Insured
- 100% collateralized with assets immediately convertible into USDC.
- 1:1 peg to USDC for USD+ for price stability.
- Profit (positive rebase) once collateral value grows above 100%, loss (negative rebase) in case collateral value below 100%.
- Generate passive yield effortlessly by simply holding your Token+ in your wallet.
- Profit payouts occur through daily rebasing, providing transparent balance tracking and profit/loss visibility.
- Using proprietary delta-neutral and other low risk strategies to generate yield. Offer yield options tailored for varying risk appetites, 5-12% APY on Token+ and up to 25%+ APY on the insurance products.
- High quality protocols enabling Overnight generates real yield (sustainable yield without rewards) like Aave and Uni V3, prioritized.
- Yield is not guaranteed, varies daily depending on collateral performance, can be negative.
- The products are highly liquid with easy minting/redemption.
- Swap, a feature that streamlines the process of converting various assets into Overnight's tokens with ease and efficiency.
- Zap In feature offers users a seamless method to invest in a variety of pools in the DeFi simultaneously saving time and effort.
- Insurance serves to protect our rebase tokens (USD+, DAI+, USDT+, not the ETSes) by absorbing the first loss in case of negative rebase with the project's native OVN token.
- With insurance, the protocol can invest into riskier yet more profitable strategies, ultimately increasing long-term profit for users.
