USD+ (USD+) is currently priced at $1.00 USD. The price has increased 0.00% in the last 24 hours. It has a market capitalization of $141,927.854. Fully diluted valuation: $141,927.854. Circulating supply is 141,857.59 USD+. Total supply is 141,857.59 USD+.
Stats
| 1 Day | +0% |
|---|
| 1 Month | +0.1% |
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| 3 Months | +0.01% |
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| 1 Year | +0.02% |
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| 1 Day | 1 Month | 3 Months | 1 Year |
|---|
| +0% | +0.1% | +0.01% | +0.02% |
| Market Cap | $141.9K |
|---|
| Fully Diluted | $141.9K |
|---|
| Market Cap | Fully Diluted |
|---|
| $141.9K | $141.9K |
About USD+
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.
