Overnight Tokens+
Overnight Tokens+ are tokens that represent USD, fully collateralized with yield-generating assets. These tokens are pegged to the price of the asset they represent and automatically accrue rewards by increasing the number of Tokens+ in your wallet.
Overnight offers several Tokens+, each fully collateralized with yield-generating assets and pegged to the value of the asset they represent. These include:
USD+
xUSD
USDT+
These tokens automatically accrue rewards by increasing the balance in users' wallets, providing a seamless way to earn yield while maintaining the stability of the underlying asset.
The generated yields are distributed to Tokens+ holders via a rebasing mechanism.
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