Overnight is a DeFi protocol behind USD+, yield generating stablecoin with daily profit payouts.
It 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 behind USD+, a yield generating stablecoin with daily profit payout. The purpose of USD+ is to simplify and facilitate stablecoin cash management. One buys and holds USD+ in order to receive interest on its temporarily available [stablecoin] cash (also known as 'parking').
