Getting started

Welcome to the Overnight docs. This is a live document that will be updated as Overnight evolves. Here you will find all the information that you need to know about Overnight.
‘Overnight’ stands for overnight interest rate, the interest rate one receives by lending money for the shortest duration possible - 1 night.
Overnight is a DeFi protocol specialising in delta-neutral strategies. Core products include
  • USD+ - a 1:1 USDC pegged token with a daily profit payout
  • ETS - delta-neutral yield generating strategies
  • Insurance - reserves allocated to cover the first loss on USD+
It is important to note that USD+ can allocate a part of its portfolio to ETS, thus giving its users exposure to delta-neutral yield.
Last modified 4mo ago