USD+/WPOL
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.
Score | 46 |
|---|---|
24h Vol | $12.75 |
Liquidity | $682.31 |
Holders | 4K |
Audits | |
Age | 3 years |
FDV | $117.1K |
Market Cap | $48.2M |
| Addresses | |
|---|---|
| Pool | |
| USD+ |  |
| WPOL | |
USD+ to WPOL Converter
Score | 46 |
|---|---|
24h Vol | $12.75 |
Liquidity | $682.31 |
Holders | 4K |
Audits | |
Age | 3 years |
FDV | $117.1K |
Market Cap | $48.2M |
About 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.
USD+/WPOL Price Stats
The current price of USD+ (USD+/WPOL) on Dystopia is $1.0032, the price is up 1% in the last 24 hours. Its 24-hour trading volume is reported to be at $12.75 with a total of 14 transactions. USD+/WPOL contract address is 0x1a5feba5d5846b3b840312bd04d76ddaa6220170, with a Fully Diluted Valuation (FDV) of $117.12K and a liquidity pool of $682.31.
