OVN+ Staking
What is OVN Staking?
OVN staking allows users to earn rewards effortlessly by staking OVN tokens and receiving OVN+ in return. The process is simple and beneficial:
Stake OVN to receive OVN+ at a 1:1 ratio
No minting fees when entering staking
2.5% redemption fee to encourage long-term holding
Daily rebase rewards are automatically added to your OVN+ balance
How Does It Work?
Staking: Stake OVN tokens through the Staking tab on our platform to receive OVN+ at a 1:1 ratio.
Yield Generation: The platform generates revenue through various mechanisms, with 80% distributed to stakers and 20% to issuers, ensuring a sustainable yield for OVN+ holders.
Daily Rebases: Similar to our proven USD+ model, your OVN+ balance grows daily through automatic rebases, reflecting your share of platform revenue.
Value Enhancement: A portion of the platform's revenue is used for strategic OVN buybacks, helping to support OVN’s price and create lasting value for token holders.
Reward Distribution: Revenue is converted into OVN via market buybacks and distributed to OVN+ holders through daily rebases, providing passive income while potentially supporting OVN’s market value.
Benefits of OVN Staking
✅ Passive Income – Earn daily rewards simply by holding OVN+ ✅ User-Friendly – Seamless staking with zero entry fees ✅ Price Support – Buyback mechanism helps sustain and increase OVN value ✅ Transparency – Track your portfolio and collateral in the Stats section
How to Start Staking
Visit the Staking tab on the Overnight platform
Choose the amount of OVN you want to stake
Confirm the transaction to receive your OVN+
Hold OVN+ in your wallet to automatically receive daily rebases
Monitoring Your Investment
Users can track their staking performance through our Stats page, which shows:
Current OVN+ balance
Accumulated rewards
Portfolio value
Collateral status
Security and Implementation
Our staking contracts have undergone rigorous testing and utilize proven, battle-tested mechanics, similar to our USD+ system. With a strong focus on security, we ensure that your staked assets remain safe while continuously earning rewards.
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