SMARDEX Attracts $4.5 Million in Public Seed Round for Revolutionary Synthetic US Dollar
Summary
The platforms public seed round has attracted an additional $4.5 million in TVL in the immediate days after launching.USDN is a synthetic dollar token backed by a fully decentralized ETH perpetual contract that - for the first time in crypto - delivers a Delta Neutral strategy. Addressing the vulnerabilities exposed by previous algorithmic stablecoins like Terra Luna, USDN will synthesize the stability of the US dollar using a tried and tested TradFi strategy that carries no risk of external counterparty liquidation. This breakthrough allows USDN holders to generate passive income through an automatic rebase mechanism that increases balances seamlessly.Demonstrating remarkable market validation, RA2 TECH has invested $12 million into SMARDEXs development. Operating across multiple blockchain networks, including Ethereum, Binance Smart Chain, and Polygon, SmarDex offers low fees, seamless transactions, and staking opportunities through its native token, SDEX. Enhancing this ecosystem is USDN, a fully decentralized synthetic dollar designed to replace outdated centralized options, providing stability, transparency, and security.
Funding
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