Overnight Finance is a DeFi protocol that provides a stablecoin, USD+, and other stablecoin-based financial assets (USD+, DAI+, USDT+) backed by delta-neutral strategies for stablecoin investors, emphasizing security and a user-friendly interface. It also offers a utility token, OVN, for risk management and to incentivize promotion, allowing holders to stake for insurance premiums and share in the yield or cover losses, promoting a secure and scalable system.
Category:
DeFi
Foundation Grant
400,000 OP
The grant from Optimism Foundation has been instrumental in the success of the Overnight protocol, helping us establish ourselves as a project, find our business model, and survive the crypto winter. Thank you, Optimism, for your support.
Arbitrum Foundation
Under-250k USD
The Overnight protocol received a partial grant from Arbitrum, totaling 60,000 ARB tokens to date. The remaining portion of the grant will be unlocked upon the completion of specific milestones.
Revenue
Above-5m USD
Overnight generates significant revenue from USD+ TVL bootstrapped on ve3,3 dexes and recycles a large part of it by providing voting incentives. Overnight has been present on Velodrome since late 2022, and Aerodrome from the day of its launch. Historically, Overnight has been the largest provider of voting incentives on Aerodrome by cumulative volumes of voting incentives.
Base
0xB79DD08EA68A908A97220C76d19A6aA9cBDE4376
Base
0x7cb1B38591021309C64f451859d79312d8Ca2789
Base
0xd95ca61CE9aAF2143E81Ef5462C0c2325172E028
Base
0x65a2508C429a6078a7BC2f7dF81aB575BD9D9275
Base
0xF7d693CE960e70721F0353F967360046Ba7d4eFA
Base
0x85483696Cc9970Ad9EdD786b2C5ef735F38D156f
Base
0x868D69875BF274E7Bd3d8b97b1Acd89dbdeb67af
OP Mainnet
0x73cb180bf0521828d8849bc8CF2B920918e23032
OP Mainnet
0xe80772Eaf6e2E18B651F160Bc9158b2A5caFCA65
OP Mainnet
0xA348700745D249c3b49D2c2AcAC9A5AE8155F826
OP Mainnet
0x970D50d09F3a656b43E11B0D45241a84e3a6e011
OP Mainnet
0x7C7938B6a1eF49470aa53Da53bE9A0baa8CE0b10
OP Mainnet
0x3b08fcd15280e7B5A6e404c4abb87F7C774D1B2e
