
 
 Yintoni ukuthi zonke ukuxhumana kwe-DeFi, kusuka ku-token swapping kuya ku-leveraged positions, ingatholakala nge-liquidity pool eyodwa ngaphandle kokufunda i-bridge protocols, ama-assets e-wrapped, kanye nama-transaction eziningana? Yintoni ukuthi zonke ukuxhumana kwe-DeFi, kusuka ku-token swapping kuya ku-leveraged positions, ingatholakala nge-liquidity pool eyodwa ngaphandle kokufunda i-bridge protocols, ama-assets e-wrapped, kanye nama-transaction eziningana? I-SMARDEX, i-exchange eyenziwe nge-infrastructure ebonakalayo, isixazulule le khosi ngokuvumelana nenkqubo yayo jikelele ku-Everything, isistimu esiyinhlanganisela eyakhelwe ukunciphisa izimboni zokusebenza phakathi kwe-trade, i-lending, ne-perpetual contracts. https://x.com/SmarDex/status/2001031980075638991?embedable=true Ukuguqulwa kwama-deFi inikeza ukucubungula kanjani i-protocols ye-DeFi ukucubungula i-liquidity. Ngaphandle kokugcina ama-pools ezahlukile ze-spot trading, i-credit markets, ne-derivatives, i-Everything inikeza zonke izinhlelo zokusebenza nge-smart contract kanye ne-shared liquidity source eyodwa. Lolu hlobo lwe-architectural inikeza ukuxhumana okuqondile phakathi kwezinto ezidlulile ezidlulile, okuvumela izinga lokusebenza kanye ne-risk vectors ezikhompyutha ezivela ukuhlolwa. Indlela I-Everything Protocol I-Consolidation ye-DeFi Functions I-DeFi ecosystems ezivamile isebenza ngokusebenzisa i-protokolls ezizodwa. Abasebenzisi zihlanganisa i-token ku-Uniswap, i-assets ye-Aave, kanye ne-trade perpetuals ku-dYdX noma GMX. Yonke ukuxhumana kufuneka izihlanganisi ze-liquidity ezivamile, izihlanganisi ze-certified, kanye nezinyathelo ze-transaction eziningana. I-Everything Protocol ukunciphisa lezi zihlanganisi ngokwakha zonke izici ezisemthethweni ku-a single contract architecture eyenza isihlanganisi se-liquidity eyodwa. I-protocol inikeza isisombululo se-xy = k ephakeme le-product eyenza ama-market makers eyenziwe ngama-layering kanye ne-perpetual trading esekelwe ku-foundation. Uma abasebenzisi asebenzise ama-tokens, zihlanganisa ne-liquidity efana ne-lender access for loans and traders use for leveraged positions. I-system inqubo zonke izinsizakalo ngama-atomic, okungenani zonke izinsizakalo zihlukanise ngokuphelele noma zihlukanise ngaphandle kokusebenza okungenani. , umbhali we-Everything, inikeza isisombululo se-strategic esekelwe kule ukuhlanganiswa. U-Jean Rausis 
 
 Umphumela wethu nge-Everything ayikho kuphela ukuphucula i-DeFi mechanics, kodwa ukuguqulwa kanjani amaqembu ukwakha isakhiwo se-financial ku-chain. Sinikeza le protocol ukuze amaphrojekthi amasha angakwazi ukuqala amakethe, izicathulo ze-liquidity, futhi ama-primitives zezimali ngaphandle kokufakwa ku-integrations ezincinane nezinhlanganisela. Lokhu ukuxhumana kusuka ku-SMARDEX kuya ku-Everything inikeza isakhiwo esiyingqayizivele, ukuzinza kwebhizinisi eside, futhi imikhiqizo esidumile ayikwazi ukuxhaswa. Our goal with Everything is not only to improve DeFi mechanics but to redefine how teams build financial infrastructure on chain. 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. I-protocol ibonise ukwakhiwa kwimarike okungagunyaziwe, okuvumela wonke inkqubo ukwakha ama-trade pairs ngaphandle kokubambisana kokuphathwa noma ukugcina ama-gate-keeping. Lokhu ukunciphisa ama-barriers yokusungula ngenkathi ukugcina isakhiwo se-liquidity eyodwa esihlanganisa i-Everything kusuka ku-modular DeFi systems. I-Mechanics ye-Oracle-Less Leverage ne-Tick-Based Liquidations I-Everything Protocol isebenza i-leverted trading ngaphandle kwe-external price oracles, ukhetho sokucubungula eyinkimbinkimbi eside ye-DeFi. Imiphumela ye-Oracle yenza ukulungiswa kwe-cascading e-multi-protocols, ikakhulukazi ngexesha le-volatility ephakeme lapho izindleko ze-external zihlukanise eminyakeni eyenziwe emakethe. Ngokwehlisa lokhu ukuxhaswa, konke ukunciphisa i-vector ye-systemic risk kanye nokuvumela imibuzo mayelana ne-protocol ukugcina ukucindezeleka kwama-price. Ukusebenzisa i-virtual reserves ukuzinza pricing futhi ukwakha ama-benchmarks zangaphakathi zibe izinga lokuthumela nama-perpetual positions. Lezi zangaphakathi zangaphakathi zihlanganisa noma zihlanganisa ngokuvumelana nezimo zokuhweba, ukunikeza i-AMM ububanzi okwengeziwe okwandisa imiphumela yemali ngesikhathi kwezimali amakhulu. I-protocol ihlanganisa izinga lokufinyelela kanye nama-limit ye-liquidation ngqo kusuka ku-internal pricing mechanism ngaphandle kokuchofoza emithonjeni angaphandle. I-liquidations ikhona ngokusebenzisa uhlelo olusekelwe ku-tick-based enikeza imfuneko esifanele ye-cocktail at izinga lokushisa ezithile. Uma i-position ihlukanisa i-limit ye-liquidation, i-protocol ikhiqiza ukufakelwa ngokuvamile ngaphandle kokufuna ama-insurance funds noma ama-auto-deleveraging mechanisms eyenza imibuzo kumakhasimende wonke. Le ndlela inikeza imiphumela ebuthakathaka kubangeli be-position whileining protocol solvency through defined collateral buffers. I-tick-based structure ibhizinisi izakhiwo kusuka kodwa isetshenziselwa ukulawula ingozi kunomakethe kuphela. Yonke tick inikeza isisombululo se-prize ne-collateralization esifanele, futhi amapozithi asebenza ngokushesha lapho isilinganiso se-collateralization sishintshwe ngaphansi kwe-threshold ye-tick yayo yamanje. Lokhu ukuxhumana okuzenzakalelayo ku-risk management ivumela i-protocol ukugcina over-collateralization ngaphandle kokuzimela ama-capital buffers ezingenalutho eyenza amaphasimende eziningi yokuthumela. I-Uniswap V3 Model ye-Liquidity Concentrated I-Capital Efficiency Through Productive Collateral and Multi-Source Yield I-Everything Protocol isixazululo inefficiency eziyinhloko emakethe ye-DeFi yokudayiswa lapho i-certificate isihlalo, enikeza imiphumela ngenkathi ekutholeni izindawo zokudayiswa. I-protocol isixazululo i-certificate eyenziwe ezingenalutho ku-approved external yi-strategies ngokusebenzisa i-shared vault, okuvumela ama-depository ukuthatha imiphumela emithonjeni okuyinto ingatholakala. Le model yokudayiswa okuvuthwa ingakwazi ukunciphisa izindleko zokudayiswa okuphumelelayo njengoba i-certificate ikhiqiza imiphumela ngenkathi yokudayisa amaklayenti. Umphakeli we-liquidity akwazi ukufinyelela izintambo ezine ezahlukile ngaphakathi isakhiwo se-unified pool. Izimali ze-swap zihlanganisa kusuka ku-AMM trading activity. I-interest ye-lendering iyatholakala kumakhasimende ebonakalayo imikhiqizo yayo ebonakalayo. Izinqubo ze-financing zithunyelwe kusuka ku-perpetual trading positions, nge-longs paying shorts noma ngokugqithiselwe ku-market sentiment. Imali ye-liquidation ihlanganisa i-quarter revenue stream lapho i-sub-collateralized positions zithunyelwe. Lokhu imodeli ye-multi-source yi- yi-profit potential engaphezulu kwe-protocols e-single-function. I-protocol inikeza ne-USDNr, i-stablecoin eyenziwe ngama-desentralized synthetic enikeza cishe i-16% APR. Lokhu ukuhlanganiswa inikeza izinzuzo ezengeziwe zokusiza ama-liquidity providers abakhiqiza i-USDNr nge-assets ezinguqulo ezingenalutho e-trade pairs. I-stablecoin inikeza kusuka ku-protocol's generating revenue kunezinto ezingaphandle noma i-inflationary token emissions, okuyinto inikeza ukuvikelwa okwengeziwe kunezinhlelo zokusebenza zokusebenza ezingenalutho ezivela ku-incentives ezivamile. Waze Ukusebenza kwe-limit order kuhlanganisa inqubo ye-efficiency lapho zonke ama-orders ezihlangene zithumela i-rent while inactive, ngokuvamile kwenza ukusetshenziswa kwe-capital kusuka ku-100% kulo lonke i-protocol. Lokhu kubalulekile ukuba abathengisi zithenga i-return on ama-orders e-limit ukuthi akuyona, ukunciphisa i-opportunity cost yokufaka ama-orders ezihlangene. Geneva Ukulungiswa Implementation Technical and Security Considerations I-Single-Contract Architecture ye-Everything Protocol ibhizinisi elihlanganisa umsebenzi amakhulu ngaphakathi isicelo esisodwa, okuholela izinzuzo kanye nezinzuzo. Isakhiwo esihlanganisa ukuxhumana ezingaphandle futhi ukunciphisa izindawo zokuhlanganisa lapho izinzuzo ze-cross-protocol zihlanganisa ngokushesha. Kodwa-ke, kuncike futhi ukuthi ezinye izinzuzo ze-core contract zihlanganisa zonke izinzuzo ze-protocol ngokushesha kunokuba zihlanganisa izinzuzo ezingama-modules ezizodwa. I-protocol isetshenziselwa ukusebenza kwe-athomu kuzo zonke izinhlelo zokusebenza, ukucubungula i-transactions e-complex njenge-units eyenziwe ngempumelelo noma ukuguqulwa ngaphandle kokuguqulwa kwe-state. Lokhu ukucubungula ama-athomu ama-scenaries lapho isigaba esisodwa se-transaction ibhizinisi, okuyinto ingathuthukisa izimo ezingenalutho noma izimo ezikhuthazayo. inikeza ukuthi ukuthengiswa, ukuhweba, kanye nokulawulwa kwesikhokelo zihlanganisa. Umkhakha we-atomic swap I-February 2026 launch timeline inikeza ifenisha yokuthuthukiswa yokuthuthukiswa nokuthuthukiswa kwe-integrated system. I-protocol ye-consolidation ye-functions ezivamile ezahlukile inikeza ukubuyekeza imiphumela ye-interaction phakathi kwe-lending mechanics, i-AMM operations, ne-perpetual trading ngokulandelana nokuthuthukiswa kwe-components ezivamile. I-Market Context ne-Competitive Positioning I-Defragmentation ye-DeFi yenza ukuchithwa kwe-user experience ne-capital inefficiency emhlabeni jikelele. Ngokusho Ukubuyekezwa kwe-DeFi protocols ku-$95 billion ekupheleni kwe-2024, kodwa le-liquidity ibekwe ku-hundreds of specialized platforms. Abasebenzisi abanikeze imikhiqizo phakathi kwe-protocols, ukunika ama-transaction fees eziningana, futhi ukulawula izindawo ezahlukile phakathi kwe-trade, i-lending, ne-derivatives platforms. Ukubuyekezwa Data Imodeli ye-Liquidity Concentrated eyenziwe ngu-Uniswap V3 ngo-2021 ibonise ukuthi ukuthuthukiswa kwama-capital efficiency angakwazi ukujabulela i-liquidity ephakeme ngisho lapho kuncike ukulawula okuqhubekayo. I-Everything Protocol ivumela isikhungo se-efficiency ngokuvumela isikhungo se-liquidity yokusebenza imisebenzi ezininzi ze-protocol. I-Uniswap V3 yakha i-60% yentuthuko yentuthuko I-Protocols ye-competitor yakhiwa ku-Unification ngokufanayo. okuyinto asebenza njenge-counterparty ye-perpetual trading kanye nokukhiqiza i-return for liquidity providers, kodwa ibekwe isakhiwo esihlalweni sokuhweba kwe-spot. kodwa inikeza abasebenzisi ukuxhumana nge izindlela ezahlukile ngamakhono ngamunye. Umgangatho we-one-contract ye-Everything inikeza ukuhlanganiswa okwengeziwe kunazo. GMX usebenzisa i-GLP pool I-Synthetix ihlanganisa ukukhiqizwa kwe-asset ye-synthetic ne-perpetual trading I-protocol inesibopho sokubambisana nezinzuzo ezijwayelekile zokusebenza kwezakhiwo ezintsha. I-SMARDEX yabasebenzisi eyenziwe ku-contracts ezintsha kanye nokufundisa izakhiwo ze-interaction ezintsha. Isakhiwo se-pool eyenziwe kusakhiwo se-risk profiles ezahlukile kunazo abasebenzisi bakwazi kusukela emakethe se-standalone yokuthumela noma ama-AMM eyenziwe, okuvame ukufundiswa ngokuvimbela kanjani ukucindezeleka kwe-function eyodwa ku-positions e-other. Imibuzo yokuqala I-Everything Protocol ye-architectural consolidation isixazululo i-inefficiency emangalisayo emangalisayo emangalisayo e-DeFi. Umgangatho we-single-contract ukunciphisa ukuhlanganiswa kwe-overhead futhi ikhiqiza izinga lokuphumelela kwama-capital ngokusebenzisa ukusetshenziswa kwe-liquidity ye-multi-function. I-Oracle-free leverage system ne-tick-based liquidations inikeza ukuthuthukiswa kwezobuchwepheshe kunazo ku-perpetual implementations. Ukuqala kuFebruary 2026 kanye nokugqibela ukuhlaziywa kwe-summer zibonisa isikhathi esifanelekayo yokwakha kanye nokuthintela ukuxhumana kwe-smart contract emangalisayo. Ukuphumelela kwe-protocol kuxhomekeke kwekhwalithi lokuphumelela futhi ukuthi izinga lokuphumelela kwama-modeli eyenziwe zihlanganisa izimo zokuhlanganisa umsebenzi eziningi ku-contract eyodwa. Ukuze ukuthuthukiswa kwe-infrastructure ye-DeFi, i-Everything inikeza isivivinyo esithakazelisayo se-protokoll design philosophy. Ukuhamba kusuka ku-protokolls e-specialized, e-composable kuya ku-integrated, i-multi-functional systems kungabangela indlela yokufakelwa kwe-liquidity management ne-user experience design. Qiniseka ukunakekela futhi usahlanganyela umlando! 
 
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