SMARDEX Announces Everything Protocol to Turbocharge DeFi Offering

Decentralized AMM protocol SMARDEX has unveiled Everything, a unified protocol that combines features of a DEX, lending market, and perpetual style trading system. According to founder Jean Rausis, the new protocol will “redefine how teams build financial infrastructure on-chain.”

A One-Stop Shop for DeFi

Slated for a February release, the Everything protocol layers permissionless lending and borrowing atop the classic AMM xy = k model, with the goal of transforming fragmented DeFi interactions into a capital-efficient structure. With one smart contract and a single unified liquidity pool, it will offer support for AMM swaps, borrowing, and leveraged trading, utilizing an oracle-less leverage engine to execute trades atomically.

Launched in December 2024 after two years of development, the AI-driven SMARTDEX quickly attracted $4.5m in TVL and is notable for its low fees, staking opportunities, and synthetic dollar token, $USDN. The pivot to Everything has been described as an “evolution of the SMARDEX infrastructure” and a means of advancing liquidity efficiency throughout the entire DeFi ecosystem. In short, a one-stop shop for DeFi power users.

Among other features, Everything’s tick-based borrowing model is said to limit bad debt via defined collateral requirements, support borrowing from any pair available on the platform, and offer LPs an additional source of returns through $USDNr, a decentralized synthetic stable asset with a sustainable yield of approximately 16% APR.

First Everything, Then Geneve

Everything’s planned February launch will be followed in summer by a Geneve upgrade and its addition of yield-bearing collateral and native limit and take profit order liquidity, which will further integrate yield into the system’s core. According to Rausis, Geneve will also enable idle waiting orders to generate yield to further boost capital efficiency.

2025 has proven to be a banner year for DeFi, with Total Value Locked (TVL) hitting a record $237 billion in Q3 amid growth in RWAs, stablecoins, and perp DEXs. The builders of Everything will be hoping 2026 is even better, and that their shiny new protocol quickly finds favor among the industry’s traders and market makers.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.