{"updatedAt":"2026-04-04T02:31:32.750Z","live":false,"chain":"Arbitrum","protocol":{"id":"overnight","name":"Overnight","slug":"overnight","engine":"strategy","hybridEngines":["funding"],"defillamaSlug":"overnight-finance","defillamaProject":["overnight finance","overnight"],"reframe":"Rule-based delta-neutral execution captures structural spread, not directional price moves.","mechanism":"Overnight structures stablecoin strategies around funding and basis conditions under predefined risk controls.","thrives":"Stable, predictable funding regimes.","breaks":"Regime flips where assumptions behind the strategy stop holding.","risks":["Regime shift","Funding flip","Composability risk"],"arbitrumNative":false,"contractAddresses":{},"snapshot":{"protocolId":"overnight","apy":7.8,"tvlUsd":32000000,"symbol":"USD+"}}}