Overnight – OVN token is pegged to USDC, i.e. at any point in time one can exchange 1 USDC for 1 OVN and 1 OVN for 1 USDC.
Pegging mechanism is based on the ‘NAV of 1’ policy (“Net Asset Value”), i.e. market value of assets equals the amount of OVNs in circulation. This is achieved by Con...
Tags:BNBChain-BNB BNBChain-DAPP BNBChain-DEFI Crypto Market Decentralized exchanges DEX MATIC -PolygonDAPP defi DEX ETH Exchanges Farming swap Tool WEB3What is Overnight?
OVN token is pegged to USDC, i.e. at any point in time one can exchange 1 USDC for 1 OVN and 1 OVN for 1 USDC. In order to maintain the peg, OVN is fully collateralized with DeFi assets that can be converted into USDC on demand
Pegging mechanism is based on the ‘NAV of 1’ policy (“Net Asset Value”), i.e. market value of assets equals the amount of OVNs in circulation. This is achieved by
- Conservative risk management aiming to avoid daily losses by building a diversified portfolio of highly conservative DeFi Investments
- Daily distribution of profits in the form of aidrops to OVN holders
Thus, the risk management prevents OVN from depreciating below par, while profit distribution prevents appreciation above pa
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Key Features include: Free Minting, Incentivized Earnings, Loyalty Quests, Games & Marketplace Store, Game Listing & Launchpad, Developer Account & Kit, Paygate for Fiat & Token Top-ups and the Eraverse Meta-world Experience.