SmarDex USDN is the leading platform for the USDN synthetic dollar — mint USDN from ETH, earn 12.73% lifetime average APY through the Vault, redeem anytime. Delta-neutral. Fully backed. Available at smardex-usdn.com.
The SmarDex USDN Vault lets you deposit ETH, wstETH, or WETH to mint USDN synthetic dollars. Redeem anytime or wrap USDN for use across supported platforms.
Everything you need to manage USDN in one unified platform. SmarDex delivers innovative technology with the highest efficiency.
The SmarDex USDN protocol uses a mathematically precise delta-neutral strategy. Vault deposits are always balanced against long positions — ensuring USDN maintains its dollar peg regardless of market conditions.
Deposit ETH, wstETH, or WETH into the SmarDex Vault and receive USDN. The vault generates yield through funding rate mechanisms — delivering a lifetime average APY of 12.73% to depositors.
Mint USDN by depositing assets into the vault or redeem USDN back to underlying assets at any time. The exchange rate is calculated in real-time based on vault balances and total USDN supply.
Convert USDN to wUSDN (wrapped USDN) or wstUSDN for composability across protocols and platforms. Unwrap back to USDN at any time with zero fees. Full flexibility for managing your positions.
8% of each funding rate and 5% of each USDN mint is used to purchase and burn SDEX tokens. As USDN adoption grows, the SDEX circulating supply decreases — creating upward pressure on SDEX value.
SmarDex smart contracts have been independently audited and formally verified. The delta-neutral math is deterministic and provably correct. All vault balances are transparent and verifiable in real-time.
Four simple steps to mint USDN and earn yield through the SmarDex Vault.
Visit smardex-usdn.com and connect your wallet. SmarDex supports MetaMask, WalletConnect, Coinbase Wallet, Ledger, and other popular options compatible with Ethereum.
Select your deposit asset — ETH, wstETH, or WETH. Enter the amount you want to deposit. The protocol displays the exchange rate and estimated USDN you will receive in real-time.
Review the exchange rate, security deposit (0.15 ETH), auto validate fee, SDEX burn amount, and gas estimate. Confirm the transaction to mint USDN tokens directly to your wallet.
Your USDN earns yield through the vault's funding rate mechanism. Redeem USDN back to ETH anytime, or wrap to wUSDN for use across the protocol ecosystem. Track your position on smardex-usdn.com.
SDEX is the native governance and utility token of SmarDex. It is directly connected to the USDN protocol through an innovative buy-back and burn mechanism that reduces SDEX supply as USDN adoption grows. Every USDN mint and every funding rate payment contributes to SDEX deflation.
The SmarDex platform operates across multiple networks including Ethereum, Binance Smart Chain, Polygon, Arbitrum, and Base — with SDEX serving as the unifying token across the entire ecosystem.
Launch App8% of each funding rate paid by the vault or long positions is used to purchase and burn SDEX tokens from the open market.
During each USDN token mint, 5% of the minted USDN amount is taken in SDEX to be burned. Example: minting 1,000 USDN burns ~50 SDEX.
SmarDex uses advanced Volatility Vaults with fictive reserves to transform impermanent loss into potential gains for providers.
SDEX operates on Ethereum, BSC, Polygon, Arbitrum, and Base — ensuring accessibility and composability across the ecosystem.
The USDN protocol balances vault deposits with long positions. Traders can open leveraged long positions on the underlying asset while also capturing yield from wstETH.
Open long positions with leverage from 1.1x to 25x. The protocol ensures balanced exposure between vault and long sides at all times.
SmarDex offers an innovative guaranteed stop-loss feature to protect against adverse market movements. Set your risk parameters before entering a position.
Automatically accumulate positions during market dips. The dip accumulator enables strategic entry points without constant monitoring.
When using wstETH as underlying, traders earn from both position appreciation and the inherent yield generated by the underlying asset — a dual advantage unique to SmarDex.
SmarDex USDN is built with institutional-grade security. All smart contracts are independently audited and the delta-neutral mathematics are formally verified.
SmarDex never holds user funds. All operations execute through audited smart contracts. Your assets remain under your control at all times.
The core USDN delta-neutral math has been formally verified. The logic is deterministic and mathematically provably correct.
Multiple independent security firms have audited the SmarDex and USDN smart contracts, ensuring the highest standard of reliability and safety.
All vault balances, protocol ratios, funding rates, and SDEX burn statistics are visible in real-time on smardex-usdn.com. Full transparency at every level.
About SmarDex USDN, the Vault, SDEX token, and how to get started on smardex-usdn.com