SmarDex Ecosystem
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USDN Protocol
USDN Protocol
  • Introduction
    • Quick Overview
  • THE USDN Protocol
    • Protocol USDN Overview
      • Simplified Examples
    • Protocol Balance
      • Imbalance Protections
      • Equilibrium: The Role of the Funding Rate
    • Vault Side
      • Vault Overview
      • Rebase Mechanism
      • Yields
        • Funding Rates
        • Yield-bearing asset
    • Long Side
      • Long Perpetual
      • Long Overview
      • Dip Accumulator
      • wstETH Collateralization
      • Liquidations and Minimum Position
    • Inside the Protocol
      • Protocol vs Market Fluctuations
      • 1. Providing a Price
      • 2. Calculating Long PnLs
      • 3. Applying the Funding Rate
      • 4. Liquidating Positions
    • Integration
      • WUSDN
    • Fees
      • Protocol Fees
      • Liquidation Fee
    • Protocol parameters
    • Oracles
    • Governance
    • Risks
    • SDEX
    • Addresses
    • FAQ
    • Glossary
  • PERIPHERY
    • Long farming
  • Whitepaper
  • Github
  • Audits
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  1. THE USDN Protocol

Integration

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Last updated 2 months ago

Compatibility Limitations: Before integrating the into your project, it is crucial to note that rebasing tokens like USDN are rarely supported by most protocols. This is due to the technical challenges of handling the periodic adjustments in token quantity (). As a result, we strongly recommend using the wUSDN token (wrapped USDN token) for integrations.

Integrating the Native USDN Token (Advanced Use Case)

For advanced projects or protocols that natively support rebasing tokens, it is possible to directly integrate the USDN token. This allows projects to take full advantage of USDN’s rebase mechanism.

  • Considerations:

    • Ensure the protocol fully supports rebasing tokens.

    • Monitor the adjustments in USDN token quantity to avoid unexpected issues.

    • Refer to the codebase to fully understand how the USDN token operates and ensure proper implementation.

Integrating the wUSDN Token for Maximum Compatibility

wUSDN is a wrapped version of the USDN token that provides stability and is supported by a wider range of protocols. Unlike the USDN token, wUSDN does not actively rebase, making integration into platforms that do not natively support rebasing tokens easier.

  • Benefits of the wUSDN Token:

    • Stability in token quantity without periodic adjustments.

    • Compatibility with protocols.

    • A direct reflection of the USDN token’s yield in wUSDN’s price (e.g., a 10% yield increases wUSDN’s price from $1 to $1.10).

USDN token
rebase
DeFi