From DEXs to Perps: Everything Protocol’s Plan to Unify DeFi Infrastructure

DeFi has spent years stacking primitives on top of one another—DEXs here, lending markets there, perpetuals somewhere else—often stitched together with fragile integrations and external oracles. Everything Protocol is taking a different approach. (Cover photo: Jean Rausis, Founder of Everything)

Originally developed under the SMARDEX framework, Everything is now emerging as a standalone, unified DeFi protocol designed to run swaps, lending, borrowing, and perpetual-style trading through a single smart contract and a single liquidity pool.

Instead of fragmenting liquidity across multiple products, Everything consolidates it.

At the core of the protocol is one shared pool that powers automated market making, overcollateralized borrowing, and leveraged trading. All interactions happen within the same trading pair, executed atomically and without relying on external price oracles.

“Our goal isn’t just to optimize individual DeFi mechanics. We’re building infrastructure that allows teams to launch markets and financial products without fragile integrations or layered risk. Everything is designed for scale, stability, and long-term use.”

Jean Rausis, Founder of Everything

One Pool, Multiple Financial Functions

Everything’s architecture replaces the typical modular DeFi stack with a single self-balancing system. Swaps, loans, and leveraged positions all draw from the same liquidity, reducing idle capital and improving efficiency.
 
Borrowing is permissionless and available from any supported trading pair. Collateral requirements are defined using a tick-based system that limits bad debt and enables deterministic liquidations without insurance funds or auto-deleveraging.

Unused collateral doesn’t sit idle. Instead, it’s routed through a shared vault and deployed into approved external yield strategies. That yield can offset borrowing costs, making loans more capital-efficient while remaining fully overcollateralized.

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Everything removes dependency on external price oracles by using virtual reserves within its AMM design. These reserves stabilize pricing and allow the pool itself to act as a reliable benchmark for lending and leveraged trading.

“By using predefined tick thresholds for liquidations, the system delivers predictable outcomes and reduces systemic risk—designed to remain solvent even during volatile market conditions.”

Jean Rausis, Founder of Everything

Liquidity providers earn from multiple sources at once: swap fees, borrowing interest, funding rates from leveraged positions, and liquidation penalties. Additional yield comes from pairing with USDNr, a decentralized synthetic stable asset offering a sustainable yield of roughly 16% APR.

What’s Coming Next

Everything is scheduled to go live in February 2026, with a major upgrade—codenamed “Geneve”—planned for summer 2026.

That upgrade will introduce yield-bearing collateral, native limit and take-profit orders, and a new model where even idle orders generate yield. The goal is full capital efficiency, where liquidity, collateral, and orders all remain productive at all times.

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A New Foundation for DeFi Infrastructure

Rather than adding another product to the DeFi stack, Everything positions itself as foundational infrastructure—a single system capable of supporting multiple market functions without fragmentation.
 
By consolidating liquidity, removing oracle dependencies, and embedding predictable risk mechanics, Everything aims to offer a more resilient base layer for on-chain finance—one designed not just for experimentation, but for real scale.