SMARDEX Rebrands to Everything, Merging Liquidity, Loans and Perps into One Smart Contract
A new chapter in decentralized finance is taking shape as SMARDEX transitions its DeFi infrastructure into Everything, a unified protocol that combines decentralized exchange functionality, permissionless lending, and perpetual-style trading inside one smart contract. The team behind the project says the design aims to collapse fragmented DeFi primitives into a single, capital-efficient system that can scale without relying on fragile integrations.
Everything is built around a single smart contract and one unified liquidity pool through which automated market maker swaps, borrowing, and leveraged trading are all executed. That consolidation means users can interact with core functions inside a single pair while an oracle-less leverage engine executes trades atomically. A tick-based borrowing model and deterministic liquidation mechanics are intended to limit bad debt by enforcing defined collateral requirements and predictable outcomes for liquidations.
“Our goal with Everything is not only to improve DeFi mechanics but to redefine how teams build financial infrastructure on chain,” said Jean Rausis, founder of Everything. “We designed this protocol so new projects can launch markets, liquidity layers, and financial primitives without relying on fragile and fragmented integrations. This shift from SMARDEX to Everything provides a foundation that supports real scale, long term stability, and products the previous architecture could not support.”
Unified DeFi
Conceived as a go-to system for on-chain liquidity management, Everything is scheduled to launch in February 2026. The protocol layers permissionless lending and borrowing atop the classic xy = k AMM model, allowing any pair on the platform to act as a source of borrowing. Unutilized collateral is repurposed through a shared vault that deploys idle funds into approved external yield strategies, and loans are kept overcollateralized with predictable interest mechanics. According to the team, productive collateral can even reduce borrowing costs, and anyone may provide liquidity thanks to a permissionless pool model.
Everything’s architects say the new approach tackles long-standing inefficiencies. Traditional AMMs often underutilize reserves by spreading liquidity too thinly; newer concentrated-liquidity designs have added complexity without delivering broad versatility. Everything instead combines AMM operations, lending, and perps inside a self-balancing system that uses virtual reserves to stabilize pricing. That stability allows the AMM to serve as a dependable benchmark for lending and perpetual trading while removing reliance on external price oracles.
Liquidity providers on Everything will have multiple revenue streams. When paired with USDNr, a decentralized synthetic stable asset, the project links to a sustainable yield of roughly 16 percent APR, LPs earn swap fees, borrowing interest, funding-rate revenue, and liquidation penalties on top of yield from USDNr. The protocol’s tick-based liquidation system promises deterministic outcomes without resorting to insurance funds or automatic deleveraging, a design meant to keep positions solvent and reduce systemic risk.
Looking beyond launch, Everything’s roadmap includes a major “Geneve” upgrade planned for summer 2026. That release will add yield-bearing collateral and native limit and take-profit order liquidity, bringing yield generation directly into order mechanics. The team says the upgrade will allow idle limit orders to earn yield while they wait to execute, moving the protocol closer to “100% capital efficiency.”
By folding multiple financial primitives into one contract and one pool, Everything positions itself as both an operational simplification and a playground for new product builds. If the protocol delivers on its promises, it could change how builders approach market creation and liquidity management on-chain, replacing patchwork stacks of integrations with a single, unified foundation.
Ayrıca Şunları da Beğenebilirsiniz
Bitcoin ETF Investors React to Fed’s Decision
US Senators Introduce SAFE Crypto Act to Target Rising Crypto Scams
