Decentralized Exchanges (DEXes) are the backbone of #DeFi ; innovations continue to be made centered around Capital-Efficiency & maximising revenue from its TVL (via swap fees).

In this regard, every DEX can benefit from a unique proposition: #USDPlus

blog.overnight.fi/improving-prot…

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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 Labs, etc).

Subsequent yield generated are passed onto holders.

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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! 🤯

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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

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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.

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