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Overnight Finance
Overnight Finance (Overnight.fi) is a decentralized finance protocol specializing in yield-generating stablecoins backed by proprietary delta-neutral and other low-risk strategies. Its flagship product, USD+, along with USDT+, DAI+, USDC+ and ETH+, are fully collateralized rebase tokens that distribute daily passive yield to holders. The platform primarily serves DeFi users seeking stable, real-yield-bearing assets across multiple chains including Optimism, Arbitrum, Base, Linea, and Blast.
Distributed
Funding Rounds
Funding Round: Pre-Seed
Funding Date: 1 Feb, 2022
Raised Amount: $850K
Investors
Grants
N/A
Raised Amount: $65K
Token Amount: 36K OP
Date: 17 Jul, 2024
N/A
Raised Amount: $500K
Token Amount: 400K OP
Date: 1 Nov, 2022