Overview
PancakeSwap has approved a gauge whitelist request for the USD+/USDT+ 0.05% liquidity pool on Arbitrum. This integration enhances PancakeSwap's liquidity ecosystem while supporting Overnight Finance's stablecoin strategies.
Background: Overnight Finance Ecosystem
Overnight Finance specializes in neutral-risk DeFi strategies through its yield-generating stablecoins:
- USD+: Fully collateralized rebase token backed by DeFi yield strategies
- USDT+: Complementary stablecoin maintaining 1:1 peg with USDT
The protocol utilizes strategies including:
- Lending on platforms like Aave
- Stablecoin arbitrage
- Collateralized yield farming
Technical Implementation Details
| Parameter | Value |
|---|---|
| Chain | Arbitrum |
| Fee Tier | 0.05% |
| Boost Multiplier | 1.00x |
| Emission Cap | 5% |
| Amp Factor | 250 |
| Pool Address | 0x8a06339Abd7499Af755DF585738ebf43D5D62B94 |
Governance Controls
- AgentTimelock: 0xa44dF8A8581C2cb536234E6640112Fff932ED2c4
- OvnAgent: 0x5cBb2167677c2259F421457542f6E5A805B1FF2F
- Owner Addresses: 5 multisig signers
Benefits for veCAKE Holders
- Additional yield opportunities through vote incentives
- Protocol-sponsored liquidity deepening
- Exposure to Overnight's stablecoin ecosystem
👉 Discover more about Arbitrum DeFi opportunities
Token Information
- USD+: 0xe80772Eaf6e2E18B651F160Bc9158b2A5caFCA65
- USDT+: 0xb1084db8D3C05CEbd5FA9335dF95EE4b8a0edc30
Frequently Asked Questions
What is the purpose of this gauge?
This gauge enables liquidity providers to earn CAKE rewards while supplying USD+/USDT+ liquidity with optimized fee structures.
How does the Amp Factor affect the pool?
The 250 Amp Factor creates a more stable curve for stablecoin pairs, reducing impermanent loss risks while maintaining efficient pricing.
What are the risks involved?
Like all DeFi activities, risks include smart contract vulnerabilities and stablecoin depegging scenarios, though USD+/USDT+ maintain robust collateralization.
👉 Learn about advanced liquidity strategies
How does voting work for this gauge?
veCAKE holders can direct emissions to this pool, with Overnight providing additional vote incentives to participants.
Where can I track pool performance?
Monitor through:
- PancakeSwap Analytics
- Overnight Finance Dashboard
- Third-party DeFi tracking tools
What's the long-term vision?
This collaboration aims to create deeper stablecoin liquidity while providing sustainable yields for both protocols' communities.