Overnight Finance (OVN)

Overnight Finance is an Asset Management Protocol offering Low-Risk Passive Yield Products primarily for conservative stablecoin investors, both individuals and protocol treasuries. The protocol aspires to be the ‘Vanguard of DeFi’ whose product range includes USD+ – DeFi equivalent of the money market, ETS – delta-neutral strategies, and Insurance.

Pre Seed: $850k

Whitepaper

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What is Overnight Finance

Overnight is a DeFi protocol behind USD+, a Stablecoin with 1-5 bps daily profit payout on Polygon.

WHAT MAKES OVERNIGHT AND USD+ SPECIAL?

• Liquid: Pegged to USDC. Instantly redeemable
• Yield generating: 1-5 bps daily profit
• Low-risk: Designed to minimize volatility, targeting no losses on a daily basis
• Decentralized: On-chain portfolio management. Voting on portfolio structure
• Asset-backed: 100% + collateralized with DeFi assets
• Transparent: Full disclosure of positions, transactions, M2M and liquidation values

WHAT IS USD+ MADE FOR:

• Cash management: Park your cash in USD+, and enjoy a USD+ balance grow in your wallet daily. No staking required.
• Liquidity Pools: Provide liquidity into USD+ pools, and enjoy USD+ yield in addition to fees and rewards.
• Leverage Yield: Pledge USD+ as collateral and receive up to X9 leveraged yield with minimum risk of liquidation.