Excited to announce that #USDPlus will be joining the list of protocols receiving veTHE - read below for all things related! 👇

The mentioned Delta-Neutral strategies require 'active-management.' 👀

Overnight.fi (USD+) - Vanguard of DeFi - being an asset management protocol - does this for you! 🙌

Sit back & relax while you earn yields on your stables - simply deposit and watch it grow! 📈

👉App.overnight.fi

Your Overnight's Weekly Digest is here!

TL;DR

🙌Overhaul of Earn with USD+ Section
🤝Uni v3 ETS Relaunch
🧑‍💼Insurance
👀Updated Coingecko and DefiLlama TVL
🤖Arbitrage Bots for USD+ on SWAPSICLE
📚Long Read
🧑‍🌾Yields with #USDPlus
🏦Strategy Changes

blog.overnight.fi/overnight-week…

DEXes have much to gain from USD+ and its yield-bearing nature. The possibilities are endless and the value accrual to protocols is vast as evidenced above.

We're paving the way to a decentralized economy whilst sticking true to #DeFi principles.

5/

DEXes continue to realize the benefits of USD+: Velodrome (🚴,🚴), SWAPSICLE & Dystopia to name a few!

1) #Velodrome : USD+ Yields are passed on as bribes - incentivising liquidity

2) #Swapsicle : USD+ Yields are used to buyback $POP

3) #Dystopia : USD+ Yields accrue to LPs

4/

This means that USD+ is eligible to earn yields even in a Liquidity Pool. This means that LPs can earn:

a) Swap Fees
b) Gauge Pool rewards
c) Yields from USD+

This wouldn't have been possible had the DEX chosen any other stablecoin - YIELDS OVERLOADED! 🤯

3/

What is #USDPlus ?

A Fully-Collateralized Stablecoin that can be minted/redeemed on demand. The collateral is deployed across an array of Yield-Generating Liquidity Pools (Aave, Beethoven X, Synapse Protocol, etc).

Subsequent yield generated are passed onto holders.

2/

Wondering about what the partnership between Overnight.fi (USD+) - Vanguard of DeFi & SWAPSICLE entails? 🤔

Have a look at their podcast with Overnight's Founder - Maxim Ermilov - #Defi leader, #Stablecoinbuilder - joining as guest. 🎙

#USDPlus

The winners are in! 🏆

• CreepyCryptoApe
• Erik Velasquez
• Hazimsa
• Horus
• utkarshshail

We'll DM the winners for their 20 #USDPlus in rewards!

Gigabrains incoming on #BNB with an aim to revolutionise the #AMM experience! 🙌

Here's an amazing thread on everything Overnight.fi (USD+) - Vanguard of DeFi that you need to know from the bottom up!! 📚

A shout-out to The Learning Pill 💊 (💙,🧡) for the great thread! 🙌