SMARDEX USDN (USDN)

market_cap_rank: 2601 | coingecko_rank: null

Current Price

get_current_price()

$0.99 -0.17%

24h_range: $0.99 - $1.00

Price Changes

get_price_changes()

24h

-0.17%

-0.06%

14d

-0.34%

30d

-0.56%

Market Data & Supply

get_market_data()

market_cap

$3388281

fully_diluted_valuation

$3388281

volume_24h

$682

get_supply_info()

circulating_supply

3408427

total_supply

3408427

max_supply

null

All-Time Records

get_ath_data()

All-Time High

$1.03

change: -3.87%

date: 2025-01-29

get_atl_data()

All-Time Low

$0.95

change: +4.23%

date: 2025-02-03

About SMARDEX USDN

get_description()

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: These users deposit assets into the protocol’s vault to mint USDN tokens. - Long Position Traders: These traders 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.

Additional Information

get_basic_info()

homepage

https://smardex.io/usdn