CryptoCurrencies
12344
Exchanges
500
Total Market Cap
1,101,929,516,893
Volume 24h
119,311,470,007
Dominance
BTC 39.99%   ETH 17.78%   USDT 6.20%   BNB 3.99%

USD+
USD+

1.001
$
0.07 %
Change 24h
Market Cap
$ 14,728,715
Volume 24h
$ 955,499
Circulating Supply
14,709,562
Total Supply
7,868,891
USD+
$
# Exchange Pair Price Volume 24h

Description

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.