What is SMARDEX WRAPPED USDN?

Wrapped USDN (wUSDN) is an ERC-20 token used within the SmarDex ecosystem as a wrapper for USDN. Unlike USDN, which adjusts balances through a rebase mechanism to distribute yields, wUSDN maintains a stable token balance while its value appreciates.

This token represents a user's proportional share of the total USDN supply, allowing holders to gain from USDN's yield generation without experiencing the balance changes associated with the original token. The technical architecture of wUSDN ensures a consistent user experience within the ecosystem.