How to Buy Overnight.fi USDT+ Crypto (USDT+)
What is Overnight.fi USDT+ Crypto?
According to Coingecko, Overnight.fi USDT+ is : Overnight Finance is an asset management protocol offering passive yield products based on delta-neutral strategies, primarily for conservative stablecoin investors. The pegging mechanism is based on the ‘NAV of 1’ policy (“Net Asset Value”), i.e. market value of assets equals the amount of USDT+ in circulation. This is achieved by: – Conservative risk management aims to avoid daily losses by building a diversified portfolio of highly conservative DeFi Investments – Daily distribution of profits in the form of a rebase to USDT+ holders; all yield collected by the USDT+ reserves are distributed to USDT+ holders directly by increasing their wallet balance once a day Use a liquidity index reflecting the current ratio of the number of issued USDT+ tokens to the volume of assets on strategies (Strategy), expressed in USDT.
Where can I buy USDT+ Crypto?
You can buy Overnight.fi USDT+ on PancakeSwap.
Why should you buy Overnight.fi USDT+?
Binance Smart Chain has been gaining a lot of traction lately. The main motivation for this is the very low fees that it offers. Ethereum gas fees are way beyond acceptable. I've seen transaction fees of 100$+ in Uniswap, and nobody wants to pay that. Ethereum 2.0 has been in the works for years now, and there is still no solution for these absurd gas fees on the Ethereum Network.
Overnight.fi USDT+ is amongst the best projects on BSC.The roadmap is incredibly promising and if the dev team can keep up with the with it, it's only a matter of time for the market to catch up. It's a very risky play but one that can yield amazing profits. Do you own diligence and research the project further so you can make your own decision.
How to Buy Overnight.fi USDT+ Crypto?
Step 1 - Setting up a Metamask Wallet
Metamask is by far the most used walled in the world of Ethereum. Whenever you want to buy and sell cryptocurrencies or even use blockchain apps that run on the Ethereum Network, Metamask will be your best friend. Setting up the wallet is also very simple and easy.
Head over to metamask.io and click Download. You'll need to use Google Chrome, Brave Browser, Firefox, or Microsoft Edge for this to work. So make sure you are using one of these four browsers. Now at the end of the page, click on the browser you're using and install the extension.
You are now the Welcome Page of Metamask. Click on 'Get Started.' Now click on 'Create a Wallet.' Choose a strong password for your Metamask wallet and continue.
Very Important Part! Keeping your backup phrase safe is the difference between having millions in your account or be that guy on the landfill looking for his old hard drive.
Click on reveal your backup phrase and write every word down on paper. Make sure you don't save your backup phrase on anything digital. This is for your security. After you wrote down your backup phrase, you'll be asked to confirm it. Click on every word in the correct order, and you should be done.
Now since we are using the Binance Smart Chain, we'll need to add the Network. I'll go over this very quickly. If you need a more in-depth tutorial for this part, you can check out Binance's tutorial right here.
Click on the upper right corner where you see the image and then click Settings. Select Networks and click on Add Network.
Fill out the boxes with this info:
Network Name: Smart Chain
New RPC URL: https://bsc-dataseed.binance.org/
ChainID: 56
Symbol: BNB
Block Explorer URL: https://bscscan.com
Click Save, and now you have Binance Smart Chain installed on your Metamask.
Step 2 - Buy BNB on Simpleswap
Simpleswap is the easiest way to buy crypto today. Free from registrations, KYC and third-party custody. With Simpleswap we can buy BNB and receive it directly on our on-chain Metamask wallet, skipping most of the steps we'd have to take through a traditional exchange.
Click here to access Simpleswap
Just click the Buy/Sell Crypto tab, insert the USD amount you want to trade for BNB, and click "Exchange", just like this:
Now all you have to do is click the Metamask fox logo to directly copy and paste your Metamask BNB address. It should add it automatically.
You can now choose between Google Pay or card to complete the payment:
Once you complete the payment, all you gotta do is wait a few minutes for the payment confirmation, and for the on-chain transaction to complete. Once all that is completed you should see your updated balance in Metamask.
Step 3 - Buy Overnight.fi USDT+ on PancakeSwap with BNB
Before we head over to PancakeSwap, we need to prepare your Metamask Wallet to receive USDT+. Open Metamask, scroll all the way down, and click here:
Select Custom Token and paste this token contract address there:
0x5335e87930b410b8c5bb4d43c3360aca15ec0c8c
The rest should autofill, and you need to click next and then add tokens. Your account is now ready to receive USDT+.
You can check the price of Overnight.fi USDT+, and confirm the Token Contract address on Coingecko.
Let's buy some USDT+!
Go to Pancakeswap. On the upper right corner, click on Connect Wallet and select Metamask. A confirmation popup should open on Metamask (click on the "little fox logo" if you don't see it). Now you need to accept, connect, and your wallet should be connected to Pancakeswap.
Click on Select Token and paste this contract address: 0x5335e87930b410b8c5bb4d43c3360aca15ec0c8c
Select it.
Now you have to select the amount of BNB you want to trade for USDT+. After you confirm it, another popup will appear from the Metamask extension and you should approve the transaction.
Wait a few minutes, and your USDT+ should appear on your Metamask Wallet.
Congratulations! You are now a proud Investor of Overnight.fi USDT+!
In case your transactions keep on failing, adjust your slippage tolerance. To do that, click on Pancakeswap's gear icon, and put 5% here:
Check out Overnight.fi USDT+ links:
Website: https://overnight.fi/
Twitter: https://twitter.com/ovnstable
Telegram: https://t.me/overnight_fi
Explorer: https://bscscan.com/token/0x5335e87930b410b8c5bb4d43c3360aca15ec0c8c
Discord: https://discord.gg/7dEceNJqPq
