# Overnight

> Track Overnight with daily standardized on-chain data across 7 chains. Compare Overnight with other stablecoin issuers. See charts and datasets in one place.

Source: [Overnight on Token Terminal](https://tokenterminal.com/explorer/projects/overnight). This page has no metric values. For current values, use the [Token Terminal API](https://tokenterminal.com/docs/api-reference/introduction) or the [MCP server](https://tokenterminal.com/docs/mcp/introduction).

- Sectors: Stablecoin issuers
- Chains: arbitrum, base, blast, bsc, optimism, polygon, zksyncera

## About

### What it is

Overnight finance offers yield-bearing stablecoin products on several EVM blockchains. Overnight was founded by Maxim Ermilov and launched in 2021.

### Who uses it

Overnight Governance owns and governs the protocol. They currently take a 20% performance fee from profits generated by ETSs (revenue). Overnight Governance also has a right to collect token rebases for USD+, USDT+ & DAI+ that are held in liquidity pools.

### How it works

Users mint USD+, USDT+ & DAI+ by depositing USDC, USDT or DAI. Deposited stablecoins get deployed into different yield money market strategies generating yield (supply-side fees). Overnight also offers more actively managed ETSs that deploy funds into different delta-neutral yield farming strategies.

## Metrics

Token Terminal tracks these metrics for Overnight daily. Each page has a chart with the full history.

- [Active addresses (daily)](https://tokenterminal.com/explorer/projects/overnight/metrics/active-addresses-daily)
- [Active addresses (weekly)](https://tokenterminal.com/explorer/projects/overnight/metrics/active-addresses-weekly)
- [Active addresses (monthly)](https://tokenterminal.com/explorer/projects/overnight/metrics/active-addresses-monthly)
- [Core developers](https://tokenterminal.com/explorer/projects/overnight/metrics/active-developers)
- [Code commits](https://tokenterminal.com/explorer/projects/overnight/metrics/code-commits)
- [Transaction count (contracts)](https://tokenterminal.com/explorer/projects/overnight/metrics/transaction-count-contracts)
- [Gas used](https://tokenterminal.com/explorer/projects/overnight/metrics/gas-used)

## Links

- [github](https://github.com/ovnstable)
- [twitter](https://twitter.com/overnight_fi)
- [discord](https://discord.com/invite/overnight-fi)
- [website](https://overnight.fi/)