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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Market Stats
Market Cap
$4.87M
0.1%
FDV
$4.87M
Circ. Supply
4.9M USDN
Max Supply
Not enough data
Total Supply
4.9M USDN
Diluted Valuation
$4.87M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$59.92K
72.74%
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
$1.04
Price Change (1Y)
1.47%
Additional details
Market details
USDN vs markets
↘ 36.73%
USDN vs BTC
↘ 35.2%
USDN vs ETH
↘ 30.85%
Tags
stablecoin
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0xde17a000BA631c5d7c2Bd9FB692EFeA52D90DEE2 |
Price history
Time | Price | Change |
|---|---|---|
Today | $1.00 | ↗ 0.07% |
1 Day | $1.00 | ↗ 0.07% |
1 Week | $1.00 | ↗ 0.06% |
1 Month | $1.00 | ↗ 0.50% |
1 Year | $0.00 | ↗ 1.47% |
FAQ
We update our SMARDEX USDN to USD currency in real-time. Get the live price of SMARDEX USDN on Coinbase.
The current market cap of SMARDEX USDN is $4.87M. A high market cap implies that the asset is highly valued by the market.
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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.
Social stats
Popularity in posts
#2071
Contributors
69
Posts
102
% About SMARDEX USDN
0.01%
Hold times
0 days
X (Twitter)
69.38% bullish
Sentiment
4.1 ★
Highlights
69 unique individuals are talking about SMARDEX USDN and it is ranked #2,071 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, SMARDEX USDN has an average sentiment score of 81 out of 5. Finally, SMARDEX USDN is becoming less newsworthy, with 0 news articles published about SMARDEX USDN.
On Twitter, people are mostly bullish about SMARDEX USDN. There were 78.53% of tweets with bullish sentiment compared to 13.19% of tweets with a bearish sentiment about SMARDEX USDN. 21.47% of tweets were neutral about SMARDEX USDN. These sentiments are based on 151 tweets.
On Reddit, SMARDEX USDN was mentioned in 0 Reddit posts and there were 0 comments about SMARDEX USDN. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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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.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. 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. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.