# DAI+ (DAI+)

> ‘Overnight’ stands for overnight interest rate, the interest rate one receives by lending money for the shortest duration possible - 1 night. 
Overnight is a DeFi protocol specialising in delta-neutral strategies. Core products include:
– USD+ - a 1:1 USDC pegged token with a daily profit payout
– ETS - delta-neutral yield generating strategies
– Insurance - reserves allocated to cover the first loss on USD+
And now we're about to list DAI+.
DAI+ is the equivalent of USD+, pegged to DAI 1:1. DAI+ consist of aDAI (Aave) and USD+. It has been designed for boosted pools (Balancer and Beethoven) on Optimism. It cannot be minted separately.
DAI+ 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 DAI+ against DAI instantly on request.
DAI+ is used for (1) liquidity management - temporary parking of spare stablecoin cash (2) AMM trading and (3) leveraged yield farming. DAI+ brings the benefit of capital efficiency to stablecoin usage, i.e. extra yield on idle stablecoins and/or used in major protocols
DAI+ is currently on Optimism, Arbitrum and expanding to other chains. We are going to market by establishing DAI+ trading pairs at leading AMMs: (1) Stablecoin boosted pools on Balancer/Beethoven (2) USD+/DAI+, DAI/DAI+ on Sterling and USD+/DAI+ on Velodrome. The advantage DAI+ has is our ability to maintain the peg without deploying own capital - as DAI+ can be minted/redeemed against DAI instantly, we are able to arbitrage our pools using flashloans, without own capital, thus maintaining the peg.

## Price Data

- **Current Price**: $0.98
- **Market Cap**: N/A
- **Fully Diluted Valuation**: $17.79K
- **Circulating Supply**: N/A
- **Total Supply**: 18,098.126 DAI+

## Price Changes

- **24h**: -0.01%
- **30d**: +0.11%
- **90d**: +0.07%
- **365d**: +0.36%

## Chain Availability

Available on: arbitrum, base, optimism

## Resources

- [Website](https://overnight.fi/)
- [Discord](https://discord.com/invite/overnight-fi)
- [Coingecko](https://www.coingecko.com/en/coins/overnight-dai)
- [Dex.guru](https://dex.guru/token/optimism/0x970d50d09f3a656b43e11b0d45241a84e3a6e011)
- [Dex.guru](https://dex.guru/token/arbitrum/0xeb8e93a0c7504bffd8a8ffa56cd754c63aaebfe8)

## Links

- [View on Zerion](https://app.zerion.io/tokens/DAI+-0a2ab2d6-f0bc-447b-9591-37c49e341253)
- [Trade on Zerion](https://app.zerion.io/tokens/DAI+-0a2ab2d6-f0bc-447b-9591-37c49e341253)

## Data Source

This data is provided by the **Zerion API**. Developers can access real-time token prices, market data, charts, wallet positions, and DeFi data programmatically.

- API Documentation: https://developers.zerion.io
- Get this token's data via API: https://developers.zerion.io/api-reference/fungibles/get-fungible-asset-by-id
- Price Charts API: https://developers.zerion.io/api-reference/fungibles/get-a-chart-for-a-fungible-asset