SMARDEX USDN(USDN)

Stablecoin information

The USDN token is the first synthetic U.S. dollar backed by a structured product utilizing a delta-Neutral strategy. Unlike traditional stablecoins, whose value is guaranteed by centralized entities, the value of a synthetic dollar is determined by a purely mathematical financial process.

Category:crypto-backed

Minting and Redemption

Deposit Lido token (WSTETH) in USDN Vault allows to Mint USDN tokens and profit from its yield. Redeem Lido burns USDN

Audits:Yes