SMARDEX Attracts $4.5 Million in Public Seed Round for Revolutionary Synthetic US Dollar

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SMARDEX Raises $4.5 million in TVL Immediately After the Launch; Public Sees Round to Unlock the First Decentralized Synthetic US Dollar Balanced by ETH MONTREUX, Switzerland, Dec.09, 2024 (GLOBE NEWSWIRE) -- SMARDEX, a decentralized finance platform funded by Swiss Web3 pioneer RA2 TECH, is announcing the launch of USDN after two years of intensive development and $12 million of investment.

The project has also attracted the attention of leading auditors, including Bail Security’s Charles Wang, who in an X post, said that USDN is "one of the biggest innovations in the last years when it comes to smart contract development.” Owen Thurm of Guardian Audits, which covers over $3.4 billion of the crypto ecosystem, has also given USDN his approval, stating in a recent X post: "Can confirm, the concepts are novel, the implementation is wizardry".

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.

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Author / Journalist: Smardex

Category: Technology

Markets: ChinaSwitzerland

Topics: Terra Decentralized Including Luna Token Smardex Million Usdn Value Dollar Synthetic

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-09 @ 15:33:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

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