Overnight Overview
- What is Overnight?
Overnight Finance is a DeFi platform that specializes in yield generation through its core product, USD+, a stablecoin pegged to the US dollar (USDC). This platform aims to provide a stable and secure environment for earning yield on stablecoins through various delta-neutral and other risk-managed strategies.
- Main Features
- Low risk/return stablecoin money market (USD+)Medium risk/return exchange-traded strategies (ETS)High risk/return USD+ insuranceHighly liquid products with 1:1 peg to USDCInsurance fund to compensate for any daily loss
Related Apps
A decentralized finance platform that offers leveraged yield strategy and lending services.
Frequently asked questions
The insurance fund works by collecting premiums retained from USD+ yields and yield generated by insurance fund liquidity. It primarily covers any losses on USD+ through the "first loss" mechanism, meaning that any loss on USD+ is covered first from the insurance fund.
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