insurance

DeFi

Montreux, Switzerland, December 17th, 2025, Chainwire 
SMARDEX is transitioning its DeFi infrastructure into Everything, a unified protocol that combines the functionality of a DEX, lending market, and perpetual style trading system within a single smart contract.
Everything is structured around one smart contract and one unified liquidity pool, through which all AMM swaps, borrowing, and leveraged trading are executed. Users can 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.
“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.”
Conceived as a go-to system for on-chain liquidity management and scheduled for February 2026, Everything layers permissionless lending and borrowing atop the classic xy = k model, turning fragmented DeFi interactions into a capital efficient structure.
Everything enables borrowing from any pair available on the platform. Unutilized collateral is repurposed though a shared vault, the contract deploys it into approved external yield strategies. Loans remain over collateralized with predictable interest mechanics, and productive collateral can reduce borrowing costs. Pools are permissionless, and anyone can provide liquidity.
Traditional AMMs often underutilize reserves through unconcentrated liquidity, and newer designs add complexity without broad versatility.
Everything addresses fragmentation by combining AMM operations, lending, and perpetual style trading inside one self balancing system. By pairing with USDNr, a decentralized synthetic stable asset with a sustainable yield of approximately 16 percent APR, liquidity providers gain access to an additional source of returns, earned alongside swap fees, borrowing interest, ‘funding rates’, and liquidation penalties.&nbsp;
Everything aims to put liquidity to better use, removes reliance on price oracles, and reduces the potential for bad debt. Virtual reserves stabilize pricing and allow the AMM to serve as a dependable benchmark for lending and perps. A tick based liquidation system provides deterministic outcomes without insurance funds or auto deleveraging, keeping positions solvent and optimized.&nbsp;
Planned for summer 2026, the Everything “Geneve” upgrade will add yield-bearing collateral as well as native limit and take profit order liquidity, which brings yield into the heart of the system and enhances efficiency across the board.This upgrade will include an innovative feature where all idle waiting orders will also generate yield, creating 100% capital efficiency.
<h3 id="strong-about-everything-strong">About Everything</h3>
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. Everything uses a tick based liquidity framework, oracle less leverage execution, and deterministic liquidation mechanics to improve capital efficiency and reduce systemic risk. The protocol is designed to support permissionless market creation, generate multisource yield for liquidity providers, and serve as a foundation for streamlined on chain financial infrastructure. Everything aims to advance liquidity efficiency across DeFi through a roadmap of features that extend the earning potential of collateral, orders, and pooled assets. 
<h5>Contact</h5>Mikael Cruchon m.cruchon@ra2.tech 
Disclaimer. This is a paid press release. CoinMarketCap does not recommend that any cryptocurrency (bitcoin, ethereum, custom asset) should be bought, sold or held. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

Everything Protocol Set to Bring Unified Liquidity, Lending, and Perp Trading to DeFi (17 Dec)

Table of Contents

Chainwire

Other articles published on Dec 17, 2025

What Is a Seed Phrase: Your Guide to Crypto Wallet Security

Trump Declares Naval Blockade on Venezuelan Oil Tankers

Bitcoin Faces Key $81.5K Test as Retail Sentiment Turns Bearish

Tether Backs Lightning Payments Push With $8M Bet on Bitcoin Startup Speed

Altcoin Season Index Plummets: A Stark 4-Point Drop to 18 Signals Bitcoin’s Grip

XRP Whales Allegedly Dump 1.18B Coins Amid Price Speculation

Join our free newsletter for daily crypto updates!