SMARTDEX’s ‘Everything’ Protocol: DeFi’s New Sheriff or Just a Dog with a Badge? 🐾

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Well now, gather ’round, partners! Decentralized AMM protocol SMARTDEX has rolled out its latest scheme called “Everything” – a jumble of DEX, lending market, and perpetual trading all squashed into one neat little box. According to founder Jean Rausis, this contraption will “redefine how teams build financial infrastructure on-chain.” Folks, if by “redefine” they mean “confuse,” then sign me up! 🤷♂️

A One-Stop Circus for DeFi

Mark your calendars for February, when this “Everything” protocol will layer permissionless lending and borrowing atop the classic AMM xy = k model. The goal? To turn the wild, fragmented DeFi chaos into a capital-efficient barnyard. With one smart contract and a single liquidity pool, it’ll let you swap, borrow, and trade with leverage – all while pretending to be oracle-less. Sounds like a circus act with no net. 🎢

“We designed this protocol so new projects can launch markets, liquidity layers, and financial primitives without relying on fragile and fragmented integrations,” explained Rausis, who clearly hasn’t met a tangled web of spaghetti code he couldn’t love. “This shift from SMARDEX to Everything provides a foundation that supports real scale, long-term stability, and products the previous architecture could not support.” Translation: We’re still figuring it out, but trust us, it’s way better than last time’s fire alarm. 🔥

Launched in December 2024 after two years of development (because nothing says “urgency” like a two-year wait!), SMARTDEX’s AI-driven antics quickly raked in $4.5m in TVL. It’s notable for its low fees, staking, and a synthetic dollar token, $USDN – because nothing says “trust” like a dollar that’s technically not a dollar. The pivot to Everything is an “evolution of the SMARDEX infrastructure,” which is code for “we’re pivoting again, and this time it’s definitely the final version.” In short, a one-stop shop for DeFi power users who enjoy existential dread. 😅

Among its many charms, Everything’s tick-based borrowing model claims to limit bad debt via defined collateral requirements – a bold promise if ever there was one. It also lets you borrow from any pair on the platform and offers LPs a chance to earn $USDNr, a decentralized synthetic stable asset with a “sustainable yield” of ~16% APR. That’s like finding a gold coin in your cornflakes – if you ignore the fine print. 🥣

First Everything, Then Geneve

After Everything’s February debut, summer will bring the Geneve upgrade – a shiny new toy that adds yield-bearing collateral and native limit orders. This will “integrate yield into the system’s core,” which sounds fancy until you realize it’s just another way to make your crypto feel like a honey-coated trap. 🍯 According to Rausis, Geneve will also let idle waiting orders generate yield – because why not let your money nap and still work? 🛌

2025 has been a banner year for DeFi, with TVL hitting $237 billion in Q3 – a number so big it makes your eyes water. With RWAs, stablecoins, and perp DEXs booming, the builders of Everything will be hoping 2026 is even better. They’ll probably celebrate with a parade of yield farmers riding crypto ponies. 🐴🚀

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2025-12-17 18:13