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About SMARDEX USDN
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. 
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Trading Insights
Market Stats
Market Cap
CA$934.71K
FDV
CA$934.71K
Circ. Supply
668K USDN
Max Supply
Not enough data
Total Supply
668K USDN
Diluted Valuation
CA$945.93K
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
CA$1.51K
67.3%
Volume (7D)
CA$9.75K
Volume (30D)
CA$48.98K
All time high
CA$1.44
Price Change (1Y)
Not enough data
0.59%
Additional details
Market details
USDN vs markets
↗ 71.58%
USDN vs BTC
↗ 82.13%
USDN vs ETH
↗ 94.56%
Tags
stablecoin
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0xde17a000BA631c5d7c2Bd9FB692EFeA52D90DEE2 |
Price history
Time | Price | Change |
|---|---|---|
Today | CA$1.41 | |
1 Day | CA$1.40 | |
1 Week | CA$1.41 | |
1 Month | CA$1.42 | |
1 Year | CA$1.35 |
FAQ
Earn up to $2,000 when you buy $50 in crypto
Earn free crypto after making your first purchase.
Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
SMARDEX USDN calculator
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Legal
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
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