feat: smardex ecosystem #1
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📑 Description SDEX
SDEX is the primary token used by the SmarDex protocol to reward its users. By participating in staking or farming, users generate passive income while contributing to the network's strength. The protocol also offers additional rewards through various programs, especially community rewards, to encourage engagement and support the ecosystem's growth. SmarDex was officially launched on March 9, 2023, marking the beginning of this new passive income opportunity for crypto enthusiasts. Available at www.smardex.io
📑 Description USDN
The USDN token is the first synthetic U.S. dollar backed by a structured product utilizing a delta-Neutral strategy. Unlike traditional stablecoins, whose value is guaranteed by centralized entities, the value of a synthetic dollar is determined by a purely mathematical financial process. Available at www.smardex.io
📑 Description wUSDN
What is Wrapped USDN (wUSDN)?
It's an ERC-20 value-accruing token wrapper for the USDN token. Its balance does not change with each oracle report, but its value in USDN does. Internally, it represents the user's share of the total supply of USDN tokens.
Why use WUSDN?
wUSDN is mainly used as a layer of compatibility to integrate the USDN token into other DeFi protocols that do not support rebasable tokens, especially bridges to L2s and other chains, as rebases don't work for bridged assets by default.
How to use WUSDN?
The contract can be used as a trustless wrapper that accepts USDN tokens and mints wUSDN in return. When the user unwraps, the contract burns the user's wUSDN and sends the user locked USDN in return.
Available at www.smardex.io
✅ Checks
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