USD+
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.
Promoted Coins
# | Name | Chain | Market Cap | 24h | Launch Date | Upvotes | |
---|---|---|---|---|---|---|---|
1 | Pepe UnchainedPEPU | Presale | — | in 3 months | |||
2 | PlayDogePLAY | Presale | — | in a month | |||
3 | wienerdogWAI | Presale | — | in 10 days | |||
4 | eTukTukTUK | Audited | — | — | June 23, 2024 | ||
5 | DogLibreDOGL | Audited | Presale | — | in a month | ||
6 | Oracle MemeOMEME | Audited | Presale | — | in 25 days | ||
7 | KAIKAI | Presale | — | in a month | |||
8 | Shiba ShootoutSHIBASHOOT | Presale | — | in 15 days | |||
9 | SpacePaySPY | Presale | — | in 2 months |
Total Votes
Votes Today