SMARDEX USDN

USDN Price

What is SMARDEX USDN about?

USDN is a pioneering synthetic U.S. dollar token developed within the SmarDex ecosystem. Unlike traditional stablecoins that often depend on centralized reserves or collateral to maintain their value, USDN employs a fully decentralized approach. Its value stability is achieved through a mathematical financial process known as a Delta-Neutral strategy. This strategy involves balancing two distinct groups of participants: Vault Participants, who deposit assets into the protocol’s vault to mint USDN tokens, and Long Position Traders, who open leveraged long positions on the underlying asset, seeking amplified exposure. The interplay between these groups ensures that USDN maintains a value close to that of the U.S. dollar while simultaneously generating yields for its holders. This design offers a decentralized alternative to traditional stablecoins, providing both stability and profitability within the decentralized finance (DeFi) landscape.

Where can you buy SMARDEX USDN?

USDN tokens have stopped trading about 1 month ago on all exchanges listed on CoinGecko. Information will be updated if market activity resumes.

What is the daily trading volume of SMARDEX USDN (USDN)?

The trading volume of SMARDEX USDN (USDN) is $12.65 in the last 24 hours, representing a 0.00% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for SMARDEX USDN (USDN)?

SMARDEX USDN (USDN) reached an all-time high of $1.05 and an all-time low of $0.9538. It’s now trading -4.40% below that peak and 5.70% above its lowest price.

What is the market cap of SMARDEX USDN (USDN)?

Market capitalization of SMARDEX USDN (USDN) is $670,411 and is ranked #- on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of USDN tokens (670 Thousand tokens are tradable on the market today).

What is the fully diluted valuation of SMARDEX USDN (USDN)?

The fully diluted valuation (FDV) of SMARDEX USDN (USDN) is $670,411. This is a statistical representation of the maximum market cap, assuming total number of 760 Thousand ETH tokens are in circulation today.

How does the price performance of SMARDEX USDN compare against its peers?

With a price increase of 0.00% in the last 7 days, SMARDEX USDN (USDN) is underperforming the global cryptocurrency market which is up 9.40%, while underperforming when compared to similar Stablecoins cryptocurrencies which are up 0.90%.

How to add SMARDEX USDN (USDN) to MetaMask?

Adding SMARDEX USDN (USDN) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import USDN as a token. You can copy USDN’s contract address (0xde17a000ba631c5d7c2bd9fb692efea52d90dee2) and import it manually, or if you've installed MetaMask's chrome extension, add USDN to MetaMask with one click on CoinGecko.

Add USDN to MetaMask.