##Overview
The protocol request increase emission cap to 10% for pool USD+/USDT+ 0.01% tier on Arbitrum.
Background
Overnight is a cutting-edge decentralized finance (DeFi) platform that offers users innovative solutions to maximize their earning potential. By combining the stability of traditional financial instruments with the advantages of blockchain technology, Overnight revolutionizes the way individuals interact with the financial ecosystem.
At the core of Overnight is the concept of stablecoin-based DeFi. The platform introduces stablecoins like USD+, DAI+, and USDT+ that are designed to maintain a stable value relative to their underlying assets. These stablecoins serve as foundational building blocks for users to access various opportunities within the DeFi landscape.
http://overnight.fi/ is a protocol focusing on asset management, with a specialization in neutral-risk strategies. At the heart of its product line is USD+, which is a yield-driven stablecoin, fully backed by collateral. This collateral for USD+ is rooted in DeFi strategies that generate returns. These strategies encompass lending to platforms like Aave, and include both stablecoin-to-stablecoin and neutral-risk strategies.
Details
- Boost Multiplier and Emission Cap %: 1.00x boost multiplier and 10% emission cap
- Token Utility: USD+ is the main protocol rebase token,USDT+ is the one of main tokens of the protocol, rebase token
- Volatility: No volatility
- Oracles: Plus tokens doesn’t use oracles,but we are using oracles in strategies that we are investing in. We are using Chainlink on Arbitrum and Pyth on ZkSync. We are using oracles for calculating P&L and also to assess the cost of collateral
- Control: Only members of the OvnAgent group can execute proposals.
On Arbitrum chain:
AgentTimelock - 0xa44dF8A8581C2cb536234E6640112fFf932ED2c4
OvnAgent - 0x5cBb2167677c2259F421457542f6E5A805B1FF2F.
Owners of OvnAgent:
- 0x66B439c0a695cc3Ed3d9f50aA4E6D2D917659FfD
- 0x3f914C1D6afEeD65570A54177EFcC0bd0a65b81f
- 0xC33d762fC981c0c1012Ed1668f1A993fC62f9C66
- 0xe497285e466227F4E8648209E34B465dAA1F90a0
- 0x0bE3f37201699F00C21dCba18861ed4F60288E1D
- Merit: Should the gauge be added, veCAKE holders will benefit from it, and the protocol will use veCAKE vote incentives to deepen the pool’s liquidity.
Links
- Token addresses:
- USD+ 0xe80772Eaf6e2E18B651F160Bc9158b2A5caFCA65
- USDT+ 0xb1084db8D3C05CEbd5FA9335dF95EE4b8a0edc30
- Liquidity pool address: 0xb9c2d906f94b27bC403Ab76B611D2C4490c2ae3F
- Website: https://overnight.fi
- Socials:
- Medium: https://blog.overnight.fi/
- Discord: USD+ ┃Overnight Finance
- Telegram: Telegram: Contact @ovnstable
- Twitter: https://twitter.com/overnight_fi
- LinkedIn: Overnight.fi (USD+) | LinkedIn
- Facebook: Overnight Finance
- Documentation:
https://docs.overnight.fi/ - Github: overnight.fi · GitHub
- Any other relevant links:
- Coingecko USD+: https://www.coingecko.com/en/coins/overnight-fi-usdplus
- CoinmarketCap USD+: USD+ price today, USD+ to USD live price, marketcap and chart | CoinMarketCap
- Coingecko USDT+: https://www.coingecko.com/en/coins/overnight-fi-usdtplus
- CoinmarketCap USDT+: Overnight USDT+ price today, USDT+ to USD live price, marketcap and chart | CoinMarketCap