SmarDex ($SDEX) is an Automated Market Maker (AMM) that addresses the issue of IL and in some cases transforms it into IG. It is an open-source Smart Contract, which is a decentralized software that runs on compatible Ethereum Virtual Machine blockchains (such as Ethereum, Binance Smart Chain, Avalanche, Polygon, etc.). These blockchains are data exchange protocols that, similar to the Bitcoin blockchain, allow for the storage and transmission of information in a public, immutable, and decentralized manner. By using SMARDEX, users can exchange decentralized ERC20 tokens, which are digital assets.
The Smardex protocol's primary token is SDEX, which can be staked to earn passive income from farming rewards and protocol fees in the Staking section.