Smardex is a Montreux, Switzerland–based decentralized exchange and automated market maker (AMM) operating across Ethereum, Binance Smart Chain and Polygon. The protocol offers features such as Volatility Vaults, low fees, staking via its native token SDEX, and a fully decentralized synthetic dollar, USDN. USDN is designed to provide a stable, transparent, and secure alternative to centralized stablecoins, and can be staked for yield. The company intends to use recent funding to expand operations and accelerate development, with a protocol launch scheduled for January 2025. RA2 TECH has invested $12M into Smardex’s development, and Smardex also opened a public seed round for USDN via a sub-token sUSDN. Early market response showed strong liquidity traction, supporting further growth and launch plans.

Total raised

$5M

Funding rounds

1

Latest round

Seed

Latest activity

Dec 2024