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home CoinsUSDN

Updated 11:28 PM UTC

USDNSMARDEX USDN

$1.00

$0.00

(0.10%)

Today

Mkt Cap$626,023.00

Vol101.05

News

all

press releases

No USDN.X news at the moment.

Bullish/Bearish Forum Sentiment

Indicates whether most users posting on a crypto’s stream over the last 24 hours are bearish or bullish.

100

Extremely

Bearish

Neutral

Bullish

Extremely

Bearish

Bullish

N/A

Last score

N/A

1 day ago

1 week ago

1 month ago

3 months ago

6 months ago

1 year ago

Message Board Activity

Measures the total amount of chatter on a stream over the last 24 hours.

100

Extremely

Low

Normal

High

Extremely

Low

High

N/A

Last score

N/A

1 day ago

1 week ago

1 month ago

3 months ago

6 months ago

1 year ago

Discussion Diversity

Measures the number of unique accounts posting on a stream relative to the number of total messages on that stream.

100

Extremely

Low

Normal

High

Extremely

Low

High

N/A

Last score

N/A

1 day ago

1 week ago

1 month ago

3 months ago

6 months ago

1 year ago

AboutUSDN 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.

Details

Source

GitHub

Fundamentals

Mkt Cap

$626,023.00

24H Volume

$101.05

7D High

$1.00

FDV

$626,023.00

Circ Supply

625,726.56

Total Supply

625,726.56

Max Supply

0.00

24H High

$1.00

24H Low

$1.00

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Info

Source codeGitHub

CategoriesAlgorithmic Stablecoin, +4 more

About

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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