What is SMARDEX USDN
The first ever Decentralized Synthetic Dollar. No KYC. With intrinsic yield.
The first on-chain ETH perpetual with No Counterparty Liquidation, Guaranteed Stop Loss, Market Manipulation Protection, Anti Stop-Loss hunting Protection, Ultra-competitive funding rates, Secured by the Ethereum Network.
Dollar-backed stablecoins have long been a cornerstone of the decentralized finance (DeFi) ecosystem, but they are subject to the same value depreciation as the US dollar due to inflation. Yield-bearing synthetic dollar tokens have been proposed in the past, but they suffer from centralization and lack of transparency. We present a novel protocol comprised of two DeFi products: an algorithmic yield-bearing synthetic dollar token (USDN) and a decentralized long perpetual futures trading platform. We describe the mathematical principles supporting the protocol and the interaction between both products. This research shows that a fully decentralized and transparent model can be used to support a yield-bearing synthetic dollar token while remaining economically viable and gas-efficient.
SMARDEX USDN vs Stoic AI Crypto Trading Bot
Predicting which cryptocurrency will ultimately lead the market is almost impossible
There’s no guarantee that SMARDEX USDN (USDN) will still dominate in 5 years. A newer, more efficient technology could attract the majority of developers, users, and capital. Alternatively, a critical flaw in SMARDEX USDN’s (USDN) design or ecosystem could hinder its progress altogether.
Instead of trying to predict the winner, a smarter approach is to diversify with a portfolio of potential contenders, including SMARDEX USDN (USDN).
This is where Stoic’s AI-powered crypto trading bot comes in. Stoic uses hedge fund-grade quantitative research and advanced algorithms to build and manage a portfolio of crypto assets. By leveraging its automated trading bot, Stoic analyzes price data, returns, volatility, correlations, and other factors to identify coins with high growth potential.
The AI crypto trading bot rebalances the portfolio daily, cutting losses early and taking profits regularly. This eliminates the need for manual research and trading, making Stoic one of the best crypto trading bots for investors looking for a hands-free solution.
Over 15,000 people already trust Stoic to automate their crypto investing with cutting-edge bot trading technology. Whether you're new to crypto or an experienced trader, Stoic offers a seamless way to participate in the market with AI crypto trading.