USD+ to CAD Converter
How much Canadian Dollar ( CAD) is 1 Overnight.fi USD+ ( USD+)?
Overnight.fi USD+
USD+
Canadian Dollar
CAD
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The Morpher currency calculator allows you to convert a currency from Overnight.fi USD+ (USD+)
to Canadian Dollar (CAD) in just a few clicks at live exchange rates.
Simply enter the amount of Overnight.fi USD+ you wish to convert to CAD and the
conversion amount automatically populates. You can also use our Prices Calculator Table to calculate how much your currency is worth in other
denomination, i.e. 1 USD+, 5 USD+, 10 USD+, 50 USD+ etc.
Trade USD+ on Morpher with zero fees and infinite liquidity
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Quick facts about Overnight.fi 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.
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+ Price Chart
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USD+ to CAD price stats
24hr
-0.08% 
7d
0.07%
30d
-0.28%
Over the past 30 days, Overnight.fi USD+ has dropped -0.28% to CAD. The trend and price charts for the past
week shows that USD+ has gained 0.07% to CAD and over the past 24 hours, USD+ has dropped -0.08% to
CAD.