Overnight

Project Description: Overnight (‘OVN’) is developing yield generating stablecoin “USD+”. Each USD+ is fully backed by low-risk, highly liquid, yield-generating DeFi assets and can be instantly redeemed for 1 USDC on request. USD+ grows in value daily, no staking required. USD+ is your ‘go-to’ stablecoin, the stablecoin you go to when you are not invested nor yield-farming. One buys and holds USD+ in order to receive yield on its temporarily available [stablecoin] cash without exposing to risk nor sacrificing liquidity.

Project Website: overnight.fi

Funding Objective: Provide MTA for use in Emissions controller to incentivize USD+/mUSD fPool.

Integrate 'Save' contract as a yield generation instrument for USD+ (exact allocation will depend on the risk-return profile of the save contract, target is 4-5 sigmas b/w expected average daily yield and 0)

Funding Schedule: 10k MTA upon completion of Save Integration 15k MTA upon completion of custom fPool contract

Recipient's Address: 0x12a79E67ed7f4fd0a0318d331941800898DAB30d

Additional Support: Joint co-promotion of the newly setup pools among your community (medium, discord events, joint announcements on twitter an telegram)