USD+ $USD+
$1
Network: Polygon Smart Chain (MATIC)
0x236eec6359fb44cce8f97e99387aa7f8cd5cde1f
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listed
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500/500
1,818
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What is 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.
USD+ ( USD+ ) price today is $1. USD+ price is down 0 % in the last 24 hours.
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NEWS
USD+ has no news for the moment !
VOTE RANK LIST
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❖ Rank Red Beryl : 500 - 999 votes.
❖ Rank Emerald : 1,000 - 1,999 votes.
❖ Rank Ruby : 2,000 - 4,999 votes.
❖ Rank Pink Diamond : 5,000 - 9,999 votes.
❖ Rank Jadeite : 10,000 - 19,999 votes.
❖ Rank Blue Diamond : > 20,000 votes.
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