fxUSD/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. 
Score | 38 |
|---|---|
24h Vol | $334.08 |
Liquidity | $288.09 |
Holders | 1.1K |
Audits | |
Age | 1 year |
FDV | $796.1K |
Market Cap | $790K |
| Addresses | |
|---|---|
| Pool | |
| fxUSD |  |
| USDN | |
USDN to fxUSD Converter
Score | 38 |
|---|---|
24h Vol | $334.08 |
Liquidity | $288.09 |
Holders | 1.1K |
Audits | |
Age | 1 year |
FDV | $796.1K |
Market Cap | $790K |
About Ultimate Synthetic Delta Neutral (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. 
fxUSD/USDN Price Stats
The current price of USDN (fxUSD/USDN) on Curve is $0.9805, the price is up 0.51% in the last 24 hours. Its 24-hour trading volume is reported to be at $334.08 with a total of 5 transactions. fxUSD/USDN contract address is 0xb6af437ceea0dbea524115efc905f0f44fd1ebaf, with a Fully Diluted Valuation (FDV) of $50.5M and a liquidity pool of $288.09.
