SMARDEX USDN Price (USDN)

Price of SMARDEX USDN (USDN) Today

The live price of SMARDEX USDN (USDN) today is 0 USD. It has a current market cap of $ 0.00 USD. USDN to USD price is updated in real-time.
Key SMARDEX USDN Market Performance:
- 24-hour trading volume is -- USD
- SMARDEX USDN price change within the day is --
- It has a circulating supply of -- USD

Get real-time price updates of the USDN to USD price on MEXC. Stay informed with the latest data and market analysis. It is essential for making smart trading decisions in the fast-paced cryptocurrency market. MEXC is your go-to platform for accurate USDN price information.

SMARDEX USDN (USDN) Price Performance in USD

During today, the price change of SMARDEX USDN to USD was $ 0.
In the past 30 days, the price change of SMARDEX USDN to USD was $ 0.
In the past 60 days, the price change of SMARDEX USDN to USD was $ 0.
In the past 90 days, the price change of SMARDEX USDN to USD was $ 0.

SMARDEX USDN (USDN) Price Analysis

Discover the latest price analysis of SMARDEX USDN: 24h Low & High, ATH and daily changes:

SMARDEX USDN (USDN) Market Information

Dive into the market statistics: market cap, 24h volume, and supply:

What is SMARDEX USDN (USDN)

The first ever Decentralized Synthetic Dollar. No KYC. With intrinsic yield. The first on-chain ETH perpetual with No Counterparty Liquidation, Guaranteed Stop Loss, Market Manipulation Protection, Anti Stop-Loss hunting Protection, Ultra-competitive funding rates, Secured by the Ethereum Network. Dollar-backed stablecoins have long been a cornerstone of the decentralized finance (DeFi) ecosystem, but they are subject to the same value depreciation as the US dollar due to inflation. Yield-bearing synthetic dollar tokens have been proposed in the past, but they suffer from centralization and lack of transparency. We present a novel protocol comprised of two DeFi products: an algorithmic yield-bearing synthetic dollar token (USDN) and a decentralized long perpetual futures trading platform. We describe the mathematical principles supporting the protocol and the interaction between both products. This research shows that a fully decentralized and transparent model can be used to support a yield-bearing synthetic dollar token while remaining economically viable and gas-efficient.

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