Hassan Maishera
SMARDEX announced on Tuesday, December 16th, that it is transitioning its DeFi infrastructure into the Everything Protocol.
In a press release shared with Cryptowisser, the team said the Everything Protocol is a unified platform that combines the functionality of a DEX, lending market, and perpetual style trading system within a single smart contract.
Everything Protocol will Improve DeFi Mechanics
According to the team, this protocol is structured around one smart contract and one unified liquidity pool, through which all AMM swaps, borrowing, and leveraged trading are executed.
The design allows users to interact with all core functions inside a single pair, while the oracle-less leverage engine executes trades atomically, and the tick-based borrowing model limits bad debt through defined collateral requirements.
Everything. pic.twitter.com/oGmHWwyU5t
— SMARDEX.io (@SmarDex) December 16, 2025
While commenting on this latest development, Jean Rausis, founder of Everything, said the primary goal with Everything is to improve DeFi mechanics and redefine how teams build financial infrastructure on-chain.
“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,” Rausis added.
Scheduled to launch in February, Everything layers permissionless lending and borrowing atop the classic xy = k model. This allows it to turn fragmented DeFi interactions into a capital-efficient structure.
Everything Enables Borrowing with Ease
As a unified DeFi platform, Everything enables borrowing from any pair available on the platform. Unutilized collateral is repurposed through a shared vault; the contract deploys it into approved external yield strategies.
Furthermore, loans on the platform remain overcollateralized with predictable interest mechanics, and productive collateral can reduce borrowing costs. Pools on Everything are permissionless, meaning that anyone can provide liquidity to the platform.
Everything solves the issue of fragmentation by combining AMM operations, lending, and perpetual style trading inside one self-balancing system.
Everything Protocol pointed out that liquidity providers have access to an extra source of income thanks to the pairing with USDNr, a decentralized synthetic stable asset with a sustainable yield of approximately 16 percent APR.
Other sources of returns for LPs include swap fees, borrowing interest, funding rates, and liquidation penalties.
The platform intends to put liquidity to better use, remove reliance on price oracles, and reduce the potential for bad debt.
To improve its service, the team will initiate the Everything "Geneve” upgrade next summer, adding yield-bearing collateral as well as native limit and take profit order liquidity to the platform.
This upgrade will also include an innovative feature where all idle waiting orders will generate yield, creating 100% capital efficiency.
Everything is a unified DeFi protocol that combines Automated Market Making, lending, borrowing, and perpetual style trading within a single smart contract architecture. Built as the evolution of the SMARDEX infrastructure, the system introduces a consolidated liquidity model where one pool powers multiple market functions.
