SMARDEX USDN
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Protocol TVL
Fees & Revenue
Chain Fees Distribution
Revenue Breakdown
About SMARDEX USDN
USDN token is a synthetic U.S. dollar backed by a structured product utilizing a delta-Neutral strategy
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
SMARDEX USDN codebase lineage and protocol family
SMARDEX USDN is published as a versioned release inside the Smardex Ecosystem protocol family. Releases inside the same family typically share governance, brand, and large parts of the audit history, but each version can run materially different contract logic — a release labelled v2 or v3 is not just a UI refresh. Newer versions inside a family typically launch with their own audit cycle and parameter set, so do not assume the previous release's safety record carries over without checking the linked audit reports.
Fork lineage and parent-protocol relationships are tracked by DeFiLlama for security and audit-history attribution; a fork inherits the upstream design but not necessarily the upstream audits or governance.
Security & Audits
Oracles supply external price data to on-chain contracts. Oracle compromise is a common attack vector — diversified providers reduce single-point-of-failure risk.
Parent Protocol
SMARDEX USDN is a versioned release inside a larger protocol family. View the parent for combined TVL and all sibling versions.
Smardex EcosystemSMARDEX USDN Timeline
Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.
- May 27, 2025Listed on DeFiLlama
Protocol Profile
SMARDEX USDN operates in the Basis Trading category of DeFi. It is deployed on Ethereum. No public audit reports are listed on DeFiLlama for this protocol.
TVL Distribution by Chain
Supported Chains
Protocol Footprint
SMARDEX USDN is a single-chain protocol, deployed exclusively on Ethereum — this concentrates execution risk but simplifies the trust model. Price discovery relies on 2 oracle providers (Pyth, Chainlink), which diversifies the data-feed surface but also expands the set of third parties users implicitly trust.
Official Resources & Links
Verified external resources for SMARDEX USDN — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.
Other Basis Trading protocols on Mantapex
SMARDEX USDN is one of 7 Basis Trading protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Ethena USDe, Falcon Finance, Solstice USX, and 3 more. These peer protocols collectively secure $8.8B in deposits, giving you a frame of reference for whether SMARDEX USDN's own TVL is at the top, middle, or tail of the category.
Available Yields
| Project | Pool | APY | TVL |
|---|---|---|---|
| smardex-usdn | USDN | 11.87% | $1.4M |
Recent SMARDEX USDN news
Latest reporting from major crypto news outlets covering SMARDEX USDN.
- Crypto Daily
SMARDEX Announces Everything Protocol to Turbocharge DeFi Offering
Decentralized AMM protocol SMARDEX has unveiled Everything, a unified protocol that combines features of a DEX, lending market, and perpetual style trading system.
- Altcoin Buzz
SMARDEX Evolves Into Everything, a Unified DeFi Protocol
Everything is scheduled for February 2026. Everything simplifies DeFi interactions and improves capital efficiency, liquidity utilization, and systemic stability.
- Bitcoin
SDEX Soars 160% After Smardex Unveils Unified DeFi Protocol
SDEX jumped more than 160% after Smardex announced its shift to the unified protocol, which merges a DEX, lending market and perpetual-style trading into a single smart contract…
Related protocols
Other DeFi protocols connected to SMARDEX USDN by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
Other Basis Trading protocols
Risk Warning
DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.
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