Overnight.fi USD+
USD+
Evaluation Score
Overall rating on a scale of 0-10
Crypto Token Health Score Explained
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AI Analysis
Comprehensive evaluation of the token
Overnight.fi USD+ is a yield-bearing algorithmic stablecoin with robust security (multiple top-tier audits and real-time monitoring) and well-aligned tokenomics. Development is disciplined but modest in velocity and contributor diversity, creating elevated bus-factor risk. Community engagement is solid yet limited in mainstream reach, and governance remains partly centralized pending a full DAO rollout. Market competition among stablecoins is fierce, and algorithmic peg stability under stress is the primary risk.
Detailed Analysis by Category
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Overnight.fi USD+ (USD+)
Overnight.fi USD+ (USD+)
Overnight.fi USD+ is a decentralized, USD-pegged stablecoin built on the Ethereum blockchain. Powered by the Overnight.fi protocol, USD+ combines algorithmic supply adjustments with real-time yield aggregation to maintain price stability and capture protocol fees.
Key Features
- Algorithmic Stability: Automated minting and burning mechanisms help maintain a 1:1 peg to the US dollar.
- Real-Time Yield Accrual: Yield generated by underlying collateral is continuously added to USD+ token balances.
- On-Chain Transparency: All transactions, supply adjustments and treasury holdings are verifiable on Ethereum.
- ERC-20 Standard: Fully compatible with wallets, DeFi platforms and liquidity pools.
- Governance & Community: Protocol upgrades and fee structures are managed by the Overnight.fi community.
Technical Specifications
- Token Name: Overnight.fi USD+
- Symbol: USD+
- Standard: ERC-20
- Blockchain: Ethereum (Mainnet)
- Supply: Dynamic (algorithmic)
- Contract Address:
0x...(see official documentation for the full address)
Use Cases
- Stable Value Holdings: Preserve purchasing power with a USD-pegged asset.
- DeFi Yield Strategies: Integrate USD+ into lending, staking and liquidity pools.
- Payment Settlements: Fast, low-slippage transfers across Ethereum.
Resources & Links
- Official Website: https://overnight.fi
- Whitepaper & Docs: https://docs.overnight.fi
- Contract Explorer: https://etherscan.io/token/0x...
Keywords: Overnight.fi USD+, USD+, stablecoin, DeFi, Ethereum, yield aggregation, algorithmic stablecoin
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