From SMARDEX to Everything: How does an all-in-one DeFi protocol integrate trading, lending, and derivatives?

【Crypto World】A DeFi project has decided to undergo a major overhaul. The original SMARDEX has officially rebranded to Everything, along with the launch of an ambitious unified protocol方案——integrating decentralized trading, permissionless lending, and perpetual contracts into a single smart contract.

How does this protocol work? The core is based on a unified liquidity pool architecture. The project uses virtual reserves to stabilize pricing, combined with a no-oracle leverage engine to achieve atomic-level transactions. It sounds complex, but the goal is simple—reduce user operation costs and unify infrastructure.

What is the product roadmap? Everything is scheduled to go live in February 2026. After launch, it will support permissionless liquidity pools, meaning anyone can become a market maker. Revenue sources are diversified: an approximate annualized base yield of 16%, plus exchange fees, lending interest, funding rates, and liquidation penalties. By summer 2026, they also plan to release the “Geneve” major update, adding yield collateral, native limit orders, and take-profit orders.

How is the market reacting? As of recent data, the SDEX token has surged 160% in 24 hours. Notably, the project previously completed a seed round financing of $4.5 million. Everything aims to fundamentally simplify on-chain trading and liquidity management—solving multiple pain points with a single protocol, which is indeed a new approach in the DeFi ecosystem.