Bet on $SDEX prices at SX Bet

SX Network
4 min readDec 8, 2023

🚀$SDEX Markets Live at SX Bet

$SDEX markets are now live on SX Bet! Users can now wager on the price action of $SDEX, the token of SmarDex! Price Prediction Markets at SX Bet function quite simply: users can wager on whether the price of a coin will be over or under a range of different price levels across three different time frames: 24 hours, 48 hours, and 7 days.

Predict whether the price will be over/under correctly, and you stand to earn a return on your stake. The more the price needs to move, the greater the odds will be and subsequently, the return on your stake if your bet wins. Some users taking advantage of these markets are traders or market makers looking to hedge risk and create more trading opportunities while others are speculators trying to make a return on their wager.

Bet on the price of $SDEX now:

About SmarDex

Simply put: SmarDex is a DEX (decentralized exchange). DEXs allow users to swap between an array of tokens directly from their non-custodial wallet without needing to put their funds in the control of a centralized authority (e.g. Coinbase, Binance). There are numerous DEXs deployed on a number of chains allowing users to buy, sell and swap between thousands of different crypto assets.

While swapping is perhaps the most common use case of DEXs, including SmarDex, users are also able to:

Provide Liquidity: A user’s ability to seamlessly swap between tokens at any time is a result of other users contributing to liquidity pools by depositing a pair of liquidity-providing (LP) tokens to the pool (e.g. ETH/USDC). In reward for their contribution to the pool, they receive LP tokens.

Farm: Users can stake (lock up) their LP tokens in a smart contract which bolsters the security and efficiency of the network and “farm” rewards from it in the form of yield. In the case of SmarDex, the rewards often come in $SDEX.

Stake: Users can stake their $SDEX tokens in a smart contract to support the network and earn rewards, also in the form of SDEX.

What Sets SmarDex Apart?

SmarDex now has some of the best prices on the market for any swap following the launch of their hybrid aggregator, and believe it or not- there’s a more impressive feature to their DEX. SmarDex has also integrated a novel solution to the main problem that comes hand-in-hand with providing liquidity on a DEX: impermanent loss.

Impermanent Loss is a drop in the value of assets held by liquidity providers in a liquidity pool because of changes in the prices of one of these tokens after depositing, resulting in a situation where you would have made more money by simply holding onto the tokens. The loss only becomes permanent if you withdraw the LP position before prices revert to where they were when you deposited.

SmarDex’s Solution to Impermanent Loss (IL)

To understand how SmarDex minimizes impermanent loss, it helps to know how automated market makers (AMMs) work. SmarDex goes into great detail about this in their documentation if you aren’t familiar.

SmarDex uses what they call a ‘fictive reserve’ to maintain a balanced ratio of tokens in a pool, unlike a traditional DEX. The use of a fictive reserve enables SmarDex to recognize which token is experiencing an increase in value and consequently sell a smaller quantity of that particular token while keeping the pool balanced. This strategic decision to sell less of the appreciating token allows SmarDex to reduce impermanent loss and opens the possibility for impermanent gain by selling the token at a later time when its price has risen, optimizing the overall outcome for liquidity providers.

SmarDex Impermanent Gain vs. Uniswap Impermanent Loss

You can read the SmarDex whitepaper to get into the fine details of the role fictive reserves play in liquidity pools on the platform.

SmarDex offers exceptional advantages for liquidity providers with their innovative approach to solving IL and boasts fees close to four times lower than that of other DEXs. It’s no surprise that SmarDex is seeing strong growth and facilitating millions of dollars worth of transactions each day.

Check out the SmarDex platform and follow SmarDex on X (Twitter) to stay up to date!

About SX

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