Monthly Report 12/2023


Overnight’s flagship product performed exceptionally this month. TVL is $16.6 million, with promising monthly APYs.

Marketing highlights include a successful Linea DeFi campaign, a community call, and partnerships with Omniscia and Seamless Protocol.

New pools like Coffee Dex and Beefy on Arbitrum were introduced, distributing over $175,000 in incentives.

Plans involve transitioning to new rebase mechanics, new strategies, and launching new pools on PancakeSwap and Horiza. 


1) Overnight’s products performance


Overnight TVL

TVL – $16.6+ mln

Base – $10.5 mln

Optimism – $2.2 mln

Arbitrum – $2 mln
BSC – $0.78 mln

ZKSync – $0.69 mln

Linea – $0.58 mln 


The flagman product of OVN is performed exceptionally this month, we’re having 20% monthly APY on ZKSync 


Monthly USD+ APY

Linea – 13.9%

ZKSync – 20.5%

Optimism – 6.2%

BSC – 5.4%

Base – 13.1%

Arbitrum – 11.8%



TVL(Optimism) – 4261 OVN ($79 000)

Monthly APY – 9%



TVL(Arbitrum) – 178.7 ETH

Monthly APY – 8.9%


Current price: 18

Unclaimed tokens: 1423
Total circulation: 71481


2)Marketing and collaborations


Linea Campaign:

The Linea DeFi Campaign, which ran for 6 weeks, concluded on December 20. It attracted over 0.5 million users, with participation from 80+ projects. On December 4, we actively engaged in Wave 5 in Yield Farming and LP for the entire week, yielding fantastic results! The Total Value Locked (TVL) for USD+ and USDT+ increased from 100k to almost 1 million. We are thrilled to have been a part of this event and eagerly look forward to future campaigns.


OVN Community Call:

A community call with our CEO covered all the latest project developments and addressed community queries and summed up the whole work that was done for the whole year.

If you haven’t tuned in yet, you’re missing out on some game-changing updates


Partnership with Omniscia:

We are excited to announce that Omniscia will be conducting a security audit for us, focusing on the new rebase token mechanics.


Partnership with Seamless Protocol:

We are pleased to announce our partnership with Seamless Protocol, the first native decentralized lending and borrowing protocol on Base. 

Stay tuned for future integrations.


3)The Yield-Farmer’s Digest

a)New Pools:

Coffee Dex

4 pools on Arbitrum







New autocompound pool 

OVN/wUSD+ on arbitrum



We’re thrilled to share that our protocol’s revenue allowed us to distribute over $175 000+ in incentives to OVN and USD+ pools this month. A testament to the protocol’s success and community support


c) APRs:


Check the current APR here


4) Future Plans:

The team’s current focus is on transitioning all tokens to new rebase mechanics across all chains and initiating the launch of pools with these tokens.

We are also in the process of finalizing a new strategy utilizing Uni V3. For instance, on Arbitrum, we are collaborating with Vertex – an exchange that combines Centralized Exchange (CEX) and Decentralized Exchange (DEX) features.

In addition, we plan to launch new pools on PancakeSwap and Horiza on Arbitrum, incorporating incentives and the Zap In feature.

We want to express our gratitude to all our supporters. It has been a challenging year for us and the entire DeFi space, but, on one hand, we have overcome many obstacles, achieved numerous milestones, gained priceless experience, established great partnerships, and built a valuable community.

Thank you!


Share This Post

More To Explore