Overnight Finance Docs
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    • Welcome
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    • xUSD Token
    • Yield Mechanism (Rebase)
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      • Proposal process on OVN Governance
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  1. Core concept

Overnight Tokens+

PreviousWelcomeNextxUSD Token

Last updated 1 month ago

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
USD+