Smardex, a Montreux, Switzerland-based provider of a decentralized finance platform funded by RA2 TECH, raised $4.5M in Public Seed funding.
The company intends to use the funds to expand operations and its development efforts.
Led by Jean Rausis, SmarDex is a decentralized exchange and automated market maker (AMM) that redefines DeFi with advanced features like Volatility Vaults. Operating across multiple blockchain networks, including Ethereum, Binance Smart Chain, and Polygon, SmarDex offers low fees, 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 Enhancing this ecosystem is USDN, a fully decentralized synthetic dollar designed to replace outdated centralized options, providing stability, transparency, and security. Together, SmarDex and USDN deliver a solution for optimizing returns in decentralized finance.
Demonstrating remarkable market validation, RA2 TECH has invested $12M into SMARDEX’s development. In November, the protocol governance opened a public seed round for USDN through a sub-token: sUSDN. The market response was positive – less than 45 minutes after the announcement, over $1 million of total value locked (TVL) was seeded. Rapid adoption continued, with $3m seeded within 24 hours.
Notably, sUSDN can be staked for a substantial yield through the website. This initial liquidity will serve critical strategic purposes, including launching the protocol, scheduled for release in January 2025.
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