Logo of SMARDEX USDNSMARDEX USDN
Total Value Locked$1.5m

TVL by Chain

Ethereum$1.5m

Key Metrics

DEX Volume 30d$102,906
DEX Volume 30d by chain

Ethereum$102,906

DEX Volume 7d$63,419

Ethereum$63,419

DEX Volume 24h$36,683

Ethereum$36,683

Cumulative DEX Volume$205.68m

Ethereum$205.68m

Protocol Information

USDN token is a synthetic U.S. dollar backed by a structured product utilizing a delta-Neutral strategy

Category:Basis Trading
WebsiteTwitter

Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubDEX Volume: Volume of all spot token swaps on the DEXView code on GitHub

Yields

Pools Tracked1

Average Supply APY13.92%

Competitors

Ethena USDe ($4.073b)Falcon Finance ($1.174b)BounceBit CeDeFi Yield ($272.36m)BitFi Basis ($231.75m)Solv Basis Trading ($190.75m)Bitwise USCC ($72.69m)Axis ($67.55m)Tori Finance ($64.34m)ZEROBASE CeDeFi ($57.38m)Aegis YUSD ($34.82m)

Frequently Asked Questions

What is SMARDEX USDN?

USDN token is a synthetic U.S. dollar backed by a structured product utilizing a delta-Neutral strategy

What is SMARDEX USDN's TVL?

SMARDEX USDN currently has $1.5m in total value locked. TVL has increased 16.6% over the past 30 days.

What chains does SMARDEX USDN operate on?

SMARDEX USDN operates on Ethereum. Ethereum holds the largest share at 100%.

How does SMARDEX USDN's TVL compare to similar protocols?

Among Basis Trading protocols tracked by DefiLlama, SMARDEX USDN ranks #28 by TVL. The category holds $7.179b across 40 protocols, and SMARDEX USDN accounts for <0.1% of that total. Other leading protocols include Ethena USDe, Falcon Finance, BounceBit CeDeFi Yield, BitFi Basis, Solv Basis Trading, Bitwise USCC, Axis, Tori Finance, ZEROBASE CeDeFi, and Aegis YUSD.

How much trading volume does SMARDEX USDN process?

SMARDEX USDN processed $102,906 in DEX volume over the past 30 days.