SMARDEX USDN

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

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.

SMARDEX USDN 是更大协议家族中的一个版本。打开父协议可查看合并的 TVL 及所有同系列版本。

由 DeFiLlama 社区标记的重要事件——协议上线、安全攻击、治理变更和激励计划。

1. May 27, 2025
   上线 DeFiLlama

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.

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.

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.

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 US$87.9亿 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.

Ethena USDe

TVL US$59.2亿 · 24h -0.01%

Falcon Finance

TVL US$16.4亿 · 24h -0.03%

Solstice USX

TVL US$3.7亿 · 24h -0.01%

BounceBit CeDeFi Yield

TVL US$3.5亿 · 24h +0.02%

BitFi Basis

TVL US$2.6亿 · 24h +0.52%

Superstate USCC

TVL US$2.5亿 · 24h +0.07%