Why SmarDex is the Best
The DeFi disruptor poised to take over the DEX market
Last updated
SmarDex Protocol
The DeFi disruptor poised to take over the DEX market
Last updated
In traditional decentralized exchanges, Impermanent Loss is a common issue most users face. But what exactly is it? When you provide liquidity to a DEX, you deposit two tokens in a pair. If the price of one of these tokens changes compared to when you deposited it, this can lead to a situation where you might have been better off just holding onto your tokens instead of providing liquidity. This potential loss is referred to as 'Impermanent Loss', because if the token prices return to their original state, your loss is reversed.
Now, here's the exciting part - SmarDex offers a novel solution to this widespread problem. Through its uniquely designed Volatility Vaults, SmarDex minimizes the risk of Impermanent Loss. Even better, it doesn't just reduce this risk, it goes one step further. It has the capability to generate what's known as 'Impermanent Gains', turning a typical pitfall of DEXs into a potential advantage.
The resolution of Impermanent Loss, a thorny issue in the DeFi world, is a testament to the innovation that SmarDex brings to the table. It stands as a unique feature that's currently unmatched in other DEXs, making SmarDex a market leader in this regard.
SmarDex outclasses all other DEXs, including the popular UniSwap. It offers an unbeatable experience for Liquidity Providers and users by having fees that are on average four times lower than other platforms. This efficiency puts more profits back into your pocket.
SmarDex offers some of the best return on investment in the market thanks to the fees of the protocol, rewarding the liquidity provider, the that SmarDex may provide and the very high of the farming !
Some attempts to mitigate have ended up increasing risk due to over-reliance on external prices, leading to potential hacks and manipulations. SmarDex’s unique approach provides a more secure alternative, representing a major innovation in DeFi. No reliance on external prices is used by SmarDex which increase its security.
The SmarDex protocol isn’t just revolutionary; it’s also protected. This prevents any other platform from copying their solution for at least two years, creating an exclusive advantage that distinguishes SmarDex from other DEXs. It's important to note that this two-year patent protection period can be extended.
SmarDex relies on the 3 pillar of security: 2 Audits, 2 Bug Bounties, 2 Monitoring system:
Trust and security are paramount in DeFi. SmarDex boosts this confidence by undergoing audits from two highly respected entities in the realm of software and smart contract security. On one hand, there's Trail of Bits, a company that has been fortifying code and reducing risk for some of the world’s most targeted organizations and products since 2012. They combine high-end security research with a real-world attacker mentality. On the other hand, we have Paladin Blockchain Security, a leading audit firm specializing in smart contracts within decentralized finance protocols. This double-layered scrutiny ensures maximum safety for SmarDex users.
SmarDex's commitment to eliminating vulnerabilities led to partnerships with Hacken Proof and Immunefi for bug bounties. Together, these platforms, backed by a $5,500,000 investment, invite white-hat hackers and security researchers to examine SmarDex's codebase. This not only incentivizes the discovery of potential threats but also reinforces the ongoing safety of the protocol. Hacken Proof, a renowned cybersecurity platform, mobilizes a vast community of experts to test SmarDex's integrity. Similarly, Immunefi, a leader in DeFi security, hosts a marketplace for detecting possible security threats, giving SmarDex access to top-tier security researchers.
In today's digital landscape where cyber threats can manifest abruptly, SmarDex underscores the importance of incessant monitoring. The amalgamation of Lossless bestows an augmented layer of transactional security, safeguarding SmarDex's projects and its vast user base from potential malignant breaches. Additionally, the SmarDex Shield, a brainchild of the same elite SmarDex team that conceptualized the protocol, is a testament to the team's vast experience and unparalleled understanding of the system. This in-house solution ceaselessly surveils the SmarDex Smart Contracts. With an innate design to promptly detect any anomalies, the Shield stands ready to initiate rapid countermeasures during any untoward security event.
In just a few weeks, SmarDex has shown phenomenal growth, handling multi-million volumes per day across various networks. It's already among the top 400 protocols according to CoinMarketCap, demonstrating that it's a rising star in the DeFi space.
