seed USDN
View on Enzyme Update infoTVL kickstart for USDN - Huge yield on SMARDEX.io
- This is a permissioned vault and is not accepting deposits from outsiders
- The value in this vault is down more than 95% of its peak. The vault is likely abandoned or facing issues.
Strategy categories: Discretionary trading, Liquidity provider
Share token price
Other metrics
Performance and fees
| 1M | 3M | 6M | 1Y | Lifetime | ||
|---|---|---|---|---|---|---|
| Gross Gross | -10.7% | -4.0% | -5.7% | -3.1% | -2.3% | |
| Performance fee Performance | No data | No data | No data | No data | No data | |
| Management fee Management | No data | No data | No data | No data | No data | |
| Deposit fee Deposit | No data | No data | No data | No data | No data | |
| Withdrawal fee Withdrawal | No data | No data | No data | No data | No data | |
| Net Net | --- | --- | --- | --- | --- |
Internalised fees are reflected in the share price. One-time deposit and withdrawal fees may still affect net returns.
About the vault
These sUSDN are minted by SMARDEX.io team to kickstart the USDN protocol, the first ever Decentralized Synthetic Dollar, released January 2025. Visite x.com/smardex to understand how it works.
💡What is sUSDN?
sUSDN (seed USDN) is designed to kickstart TVL ahead of USDN's official launch in January. Every sUSDN is backed by sUSDe, giving you double yield opportunities! And every sUSDN can be reedemed anytime you want, starting today, for sUSDe and later for $USDN! 🤯
🎁 Get rewarded for holding "USDN tokens" before they launch!
By early 2025, Enzyme’s pool will shift gradually from sUSDe backing to pure sUSDN backing, allowing you to convert your sUSDN to $USDN directly! (so hold tight to them!)
🌱 New Farming Campaigns on SMARDEX:
1️⃣ sUSDN/SDEX Liquidity Pool: Add liquidity and earn boosted yield!
2️⃣ sUSDN Farming Pool: Stake sUSDN for extra rewards!
Curated by SmarDex
This vault is curated by SmarDex.
SmarDex is a decentralised exchange and AMM protocol focused on smart liquidity and low-slippage swaps.
Running on Enzyme protocol
This vault is running on Enzyme:
Infrastructure for Enzyme Blue and Onyx tokenised digital-asset investment vehicles.
Transaction status
Notes
The vault data might be updated infrequently because the vault TVL has fallen substantially from its historical peak.
Returns and period details
| Metric | Week | Month | 3 months | 6 months | Year | Lifetime |
|---|---|---|---|---|---|---|
| Ranking overall | --- | --- | --- | --- | --- | --- |
| Ranking on Ethereum | #14 | #606 | #621 | #634 | #609 | #638 |
| Ranking on Enzyme | #7 | #87 | #79 | #78 | #20 | #45 |
| CAGR (net) | --- | --- | --- | --- | --- | --- |
| CAGR (gross) | 29.1% | -10.7% | -4.0% | -5.7% | -3.1% | -2.3% |
| Returns (net) | --- | --- | --- | --- | --- | --- |
| Returns (gross) | 0.5% | -0.9% | -1.0% | -2.9% | -3.1% | -3.7% |
| Sharpe ratio | 7.22 | -3.02 | -1.67 | -2.95 | -1.91 | -1.75 |
| Max drawdown | 0.0% | -1.4% | -1.9% | -3.3% | -4.2% | -4.2% |
Technical Details
| Vault name | seed USDN |
| Vault address | 0xf67e2dc041b8a3c39d066037d29f500757b1e886 |
| Chain | |
| Denomination | |
| Exchange rate used | 1 sUSDe = $1.2500 fetched |
| Share token | sUSDN |
| Protocol | Enzyme |
| Homepage | View vault on protocol website |
| Current TVL | 38,749.403 sUSDe |
| Peak TVL | 2,096,809.273 sUSDe |
| Last share price | 0.962 sUSDe |
| Last updated | |
| Last updated block | 25,939,064 |
| Data refreshed at | |
| Data starts | 2025-02-01 00:00:00 UTC |
| Fee mode | Internalised (performance fee taken from closed positions) |
| Fees internalised | Yes |
| Features | enzyme_blue_like |
| Flags | --- |
| Whitelist status | Whitelisted |
| Deposit status | Open |
| Redemption status | Open |
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