
+ 0.10 %
$ 1.005
$0.998112
24H Range
$1.009
Market Data
Price
$ 1.005
Volume
$ 234,226.00
Volume / Market Cap
0.0112
Supply
Circulating Supply
20,728,409.38
Total Supply
20,728,409.38
Valuation
Market Cap
$ 20,833,032.00
Fully diluted market cap
$ 20,833,032.00
USD+ (usd+) Price Chart
USD+ (usd+) Price Info
Timeframe | Price Change(%) |
---|---|
1h | 0.03% |
24h | 0.10% |
7d | -0.53% |
14d | 0.41% |
30d | 0.36% |
1y | 0.00% |
USD+ 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 USD+ against USDC instantly on request.
USD+ is used for (1) liquidity management - temporary parking of spare stablecoin cash (2) AMM trading and (3) leveraged yield farming. USD+ brings the benefit of capital efficiency to stablecoin usage, i.e. extra yield on idle stablecoins and/or used in major protocols
USD+ is currently on Polygon and expanding to other chains. We are going to market by establishing USD+ trading pairs at leading AMMs: (1) Stablecoin boosted pools on Balancer/Beethoven (2) ETH-USD+, Matic-USD+ on Quickswap/Uni V2, (3) potentially, Curve. The advantage USD+ has is our ability to maintain the peg without deploying our own capital - as USD+ can be minted/redeemed against USDC instantly, we are able to arbitrage our pools using flashloans, without our own capital, thus maintaining the peg.
News about USD+
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