ChainCatcher news, the automated market maker SmarDex has raised $4.5 million in its Public Seed Round funding, and the platform has also received a total of $12 million in funding support from Swiss Web3 pioneer RA2 TECH.It is reported that SmarDex will launch a synthetic dollar token USDN, which is supported by fully decentralized Ethereum perpetual contracts, ensuring that USDN is always pegged to the value of $1.Additionally, the Web3 asset data platform RootData shows that SmarDex is an automated market maker (AMM) that addresses the issue of impermanent loss (IL) and, in some cases, converts it into impermanent gains (IG). It is an open-source smart contract that operates on decentralized software running on compatible Ethereum Virtual Machine blockchains (such as Ethereum, Binance Smart Chain, Avalanche, Polygon, etc.). These blockchains are data exchange protocols similar to the Bitcoin blockchain, allowing 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.

ChainCatcher news, CertiK announced that it has completed the audit of the automated market maker (AMM) on the XRP Ledger. During the audit, CertiK examined potential vulnerabilities in the underlying smart contract architecture and assessed the overall security of the AMM.CertiK's Chief Business Officer Jason Jiang stated, "CertiK's goal is to build a safer and more reliable blockchain ecosystem; the implementation of AMM on XRPL represents an important evolution of decentralized exchange functionality, and we are honored to ensure it meets the highest security standards." (source link)

ChainCatcher news, Treasure DAO announced the launch of MagicSwap v2, an automated market maker (AMM) with universal token compatibility, which supports both ERC-20 tokens and non-fungible tokens (NFTs), enabling trading across all gaming economies. (Source link)