About OVN and DAI
Overnight is falling, while Dai is climbing this week. The current OVN to DAI conversion rate is 1.58. Inversely, this means that if you convert 1 DAI you will get 0.6338 OVN. The conversion rate of OVN/DAI has increased by 0.16% in the last hour (DAI/OVN decreased by 0.16%). In the last 24 hours, OVN/DAI shrunk by 0.05%, while DAI/OVN grew by the same amount.
The exchange rate of Overnight is increasing. The current value of 1 OVN is 1.58 DAI. In other words, to buy 5 Overnight, it would cost you 7.89 DAI. Inversely, 1 DAI would allow you to trade for 0.6338 OVN while 50 DAI would convert to 31.69 OVN, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 0.53%. Meanwhile, in the last 24 hours, the rate has changed by 0.36%, which means that the highest exchange rate of 1 OVN to DAI was 1.61 DAI and the lowest 24 hour value was 1 OVN for 1.57 DAI. Last month, 1 OVN was worth 1.84 DAI. Today, it's down 16.38%. Looking back a year, Overnight has changed by 0.7881 DAI. That means that in a single year, the value of Overnight has grown by 50.05%.
Overnight Market Stats
At the core of Overnight is the concept of stablecoin-based DeFi. The platform introduces stablecoins like USD+, DAI+, and USDT+ that are designed to maintain a stable value relative to their underlying assets. These stablecoins serve as foundational building blocks for users to access various opportunities within the DeFi landscape. Overnight.fi is a protocol focusing on asset management, with a specialization in neutral-risk strategies. At the heart of its product line is USD+, which is a yield-driven stablecoin, fully backed by collateral. This collateral for USD+ is rooted in DeFi strategies that generate returns. These strategies encompass lending to platforms like Aave, and include both stablecoin-to-stablecoin and neutral-risk strategies. The goal of issuing OVN is twofold: Promote and popularize USD+, which is achieved with using OVN for bribes; Establish a robust & decentralized risk monitoring and management processes at the protocol level. OVN token will provide standard voting rights which will be key to realizing the vision of decentralized risk-management. OVN token should help align community incentives with this goal: to reward for supporting conservative risk decisions, and for vetoing aggressive ones.
Dai Market Stats
Dai (DAI) is a decentralized stablecoin running on Ethereum (ETH) that attempts to maintain a value of $1.00 USD. Unlike centralized stablecoins, Dai isn't backed by US dollars in a bank account. Instead, it’s backed by collateral on the Maker platform. Note: if the Dai credit system is upgraded or shutdown, Dai holders may need to convert their Dai to Ethereum through the Maker platform. Read more at makerdao.com/whitepaper.
Conversion tables
OVN to DAI values from Today at 2:19 am
0.5 OVN = 0.7889 DAI |
1 OVN = 1.58 DAI |
5 OVN = 7.89 DAI |
10 OVN = 15.78 DAI |
50 OVN = 78.89 DAI |
100 OVN = 157.78 DAI |
500 OVN = 788.92 DAI |
1,000 OVN = 1,577.85 DAI |
DAI to OVN values from Today at 2:19 am
0.5 DAI = 0.3169 OVN |
1 DAI = 0.6338 OVN |
5 DAI = 3.17 OVN |
10 DAI = 6.34 OVN |
50 DAI = 31.69 OVN |
100 DAI = 63.38 OVN |
500 DAI = 316.89 OVN |
1,000 DAI = 633.77 OVN |
OVN to DAI over time
OVN | Today | 24H 0.36% | 1M -16.38% | 1Y 50.05% |
|---|---|---|---|---|
0.5 OVN | 0.7889 DAI | 0.7861 DAI | 0.9181 DAI | 0.3941 DAI |
1 OVN | 1.58 DAI | 1.57 DAI | 1.84 DAI | 0.7881 DAI |
5 OVN | 7.89 DAI | 7.86 DAI | 9.18 DAI | 3.94 DAI |
10 OVN | 15.78 DAI | 15.72 DAI | 18.36 DAI | 7.88 DAI |
50 OVN | 78.89 DAI | 78.61 DAI | 91.81 DAI | 39.41 DAI |
100 OVN | 157.78 DAI | 157.21 DAI | 183.63 DAI | 78.81 DAI |
500 OVN | 788.92 DAI | 786.07 DAI | 918.13 DAI | 394.07 DAI |
1,000 OVN | 1,577.85 DAI | 1,572.14 DAI | 1,836.25 DAI | 788.14 DAI |
Frequently asked questions
Right now, 1 Overnight is worth about $1.58.
Based on the current rate, you could get 0.6339 OVN for 1 USD.
Overnight price has been declining. Since yesterday, the exchange rate of Overnight has decreased. Since last month, the exchange rate of Overnight has decreased. Since this time last year, the price of Overnight has increased.
You can use our OVN to USD calculator at the top of this page to convert any amount of OVN to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 3.17 OVN. Inversely, 5 OVN will cost about $7.89
Overnight can be custodied on Coinbase Wallet. Check out our guide to get more detailed instructions on how to buy Overnight.
There are a number of crypto assets that have the a similar or comparable market cap to Overnight, including Hive Dollar, Blocksmith Labs Forge, and BitBook. For a more robust list of assets to explore, jump to the asset page dedicated to Overnight.
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