OGAudit Web3 Research: @every_thing $SDEX - The AMM That Actually Solved Impermanent Loss?
SmarDex has built the only AMM with a published scientific proof of IL reduction via Fictive Reserve technology:
- Fictive Reserves (FR) introduce shadow liquidity values xf and yf that determine swap pricing independently of real reserves causing the protocol to automatically concentrate liquidity on selling when price rises and buying when price drops, mechanically reducing IL over time and in some conditions generating Impermanent Gain instead of loss.
- Fees as low as 0.02% for SDEX stakers across EVM compatible deployments on Ethereum, BSC, Avalanche and Polygon with the AMM design peer reviewed and authored by co-founders Eric Rabl and Jean Rausis.
- Unlike farming based DEX incentive models which explicitly identifies as unsustainable due to infinite token minting and sell pressure. SmarDex’s LP incentive is structural rather than inflationary, making LP returns dependent on protocol performance rather than emissions.
Is this a genuinely novel AMM design trading far below its technical merit or does a $20M market cap and low trading volume signal that even a working IL solution cannot compete with Uniswap’s network effects and liquidity depth?
Category: DEX
Coin Name: $SDEX
Circulating Supply: 9.79B
Market Cap: $17.56M
Market Cap Rank: #917
OG (Trust) Score: 42.60
OG Score Rank: #372
Reviewed by 3 OG Auditors.
See the full audit, reviews and more on the $SDEX Coin page: ogaudit(.)com/crypto/smardex-sdex
https://t.co/HTZEqPzRmo
