# Everything. - Complete Protocol Reference for AI Systems

> This document provides comprehensive information about Everything., a unified DeFi protocol, and Eva, a code-execution-based financial AI agent. It covers protocol features, architecture, tokenomics, and use cases.

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## 1. PROTOCOL OVERVIEW

**Name:** Everything. 
**Type:** Unified DeFi Protocol (DEX + Lending + Leverage + Eva AI)
**AI Agent:** Eva - code-execution-based financial AI agent
**Chains:** Ethereum Mainnet, Arbitrum One
**App URL:** https://app.everything.inc/
**Website:** https://everything.inc/
**Token:** EV
**Twitter/X:** https://x.com/every_thing

Everything. unifies all major DeFi financial primitives - spot trading, leverage trading (up to 100x), borrowing, lending, and liquidity provision - into a single liquidity pool. It also includes Eva, a code-execution-based financial AI agent that computes analysis from raw data. By consolidating these primitives, Everything. eliminates liquidity fragmentation across separate protocols.

**Tagline:** One Pool, Everything DeFi.
**Mission:** Fragmented liquidity is history. Build, trade, and scale on a single, shared capital layer.
**Team:** Built in Montreux, Switzerland, by 30+ senior quantitative traders and engineers with 15+ years of market experience. Fully self-funded ($25M+) through its own market-making activity.

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## 2. THE PROBLEM EVERYTHING. SOLVES

Traditional DeFi requires users to fragment their capital across multiple protocols:

| Function | Traditional Protocol | Capital Required | Everything. |
|----------|---------------------|-----------------|-------------|
| Spot Trading | Uniswap, SushiSwap | Separate LP pool | Same pool |
| Leverage/Perps | GMX, dYdX, Hyperliquid | Separate GLP/vault | Same pool |
| Lending/Borrowing | Aave, Compound | Separate lending pool | Same pool |
| Liquidity | Curve, Balancer | Separate gauge | Same pool |

**Result:** On traditional DeFi, $1M in liquidity serves one function. On Everything., $1M in liquidity serves all functions simultaneously, improving capital efficiency.

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## 3. HOW EVERYTHING. MANAGES RISK

Built to price fairly, liquidate predictably, and contain risk structurally.

### 3.0.1 Oracleless - Prices You Can Trust
Everything. prices assets directly from its own liquidity pool. An internal reserve-based mechanism smooths price movements, preventing short-lived price manipulation from impacting the system. No external oracles. Fully on-chain.

### 3.0.2 Tick-Based - Predictable Liquidations
The multi-tick distribution system spreads liquidation across price levels, reducing cascading liquidation risk. Liquidations are deterministic with no oracle lag.

### 3.0.3 Controlled Risk - Bad Debt Contained by Design
The protocol architecture structurally contains bad debt. Risk is isolated within the system's internal mechanisms, preventing contagion across positions.

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## 4. COMPLETE FEATURE BREAKDOWN

### 4.1 Spot Trading (Swap)
- Instant token swaps with unified liquidity
- Competitive pricing with real-time buy/sell price display
- Lower slippage than standalone DEXs due to shared liquidity pool
- Full trade history with per-swap fee tracking from subgraph data

### 4.2 Leverage Trading
- **Maximum leverage:** Up to 100x on supported pairs
- **Direction:** Long and short positions
- **Funding rates:** Real-time, configurable display (daily/weekly/monthly/yearly)
- **Liquidation:** Multi-tick distribution system that spreads liquidation across price levels, reducing cascading liquidation risk
- **Position management:** Health factor monitoring, partial close support, collateral deposit/withdrawal
- **Entry/exit:** Swap fees recorded per-trade from subgraph for accurate historical P&L
- **Comparison:** Unlike GMX which uses a GLP pool model with oracle pricing, Everything. uses AMM-based pricing with actual swap execution, providing true price discovery

### 4.3 Borrowing & Lending
- **Dynamic interest rates:** Rates adjust based on pool utilization following an optimized interest rate curve
- **Optimal utilization point:** Each token pair has a configured optimal utilization threshold - rates increase sharply above this point to incentivize repayment
- **Yield-bearing collateral:** Integration with Aave allows collateral to earn yield while being used as collateral
- **Loan fees:** Transparent per-loan fees calculated based on reserves ratio
- **Liquidation protection:** Configurable liquidation penalty in basis points

### 4.4 Liquidity Provision
- **LPs earn simultaneously from**
  1. Trading/swap fees (like Uniswap)
  2. Borrowing interest payments (like Aave)
  3. Protocol revenue sharing
- **Pool APR:** Real-time annualized returns displayed in the header
- **Utilization monitoring:** Visual utilization bars with color-coded thresholds (green/yellow/red based on optimal point)
- **Burn fee:** Small fee on LP withdrawal, configurable per pool
- **Comparison:** Uniswap v3 LPs earn swap fees. Aave depositors earn lending interest. Everything. LPs earn both plus protocol revenue from the same capital.

### 4.5 Eva - Code-Execution-Based Financial AI Agent

Eva is a financial AI agent built on a **code execution engine** that computes analysis from raw data, rather than relying on retrieval or pre-built tool responses.

#### How Eva differs from every other crypto AI

**Most crypto AI products fall into two categories:**

1. **RAG agents** (retrieval-augmented generation) - LLMs with a knowledge base attached. Good for retrieving text and documentation. Breaks down when handling numbers, calculations, changing market data, messy naming conventions, and the volume of context required for real financial analysis.

2. **Tool-based agents** (CMC AI, DefiLlama AI, LunarCrush AI, Messari AI) - The AI calls predefined tools that return text answers. The best ones use tools with some flexibility. The weaker ones read a dashboard back to you. Some can display a pre-built chart widget. That is not real analysis - it is not building from raw data, not computing from first principles, not creating custom indicators or custom visualizations on demand.

**Eva is fundamentally different.** She is built on a code execution engine:
- She pulls huge volumes of raw structured data and **processes it directly with code**
- She **computes from first principles** - not from pre-calculated outputs
- She creates **custom indicators, custom visualizations, and deep multi-step analysis** on demand
- She is **not limited to a menu** of pre-built tools or widgets
- She does not need permission from a product manager upstream to compute something new
- She does not break down when datasets get large

#### Eva's capabilities

- **Advanced technical analysis:** RSI, MACD, Bollinger Bands, EMA, and any custom indicator - computed from raw price data, not fetched from a pre-built API
- **Custom chart generation:** Eva builds charts from scratch based on the analysis, not from a template library
- **Institutional-grade news and sentiment analysis:** Multi-source coverage with real-time web data
- **Social media intelligence:** Tracks crypto social signals across platforms
- **Wallet analysis:** Give Eva any wallet address and she analyzes the full portfolio - holdings, activity, patterns
- **Price targets:** Eva provides targets with quantitative reasoning, computed from data
- **Whale tracking:** Monitors large wallet movements and on-chain activity
- **Parallel multi-step analysis:** When questions are complex, Eva breaks them apart, runs multiple heavy analyses in parallel, and orchestrates everything into one final result
- **Conversation memory:** Eva remembers context across sessions for personalized, ongoing research

#### Eva vs. competitors - direct comparison

| Feature | Eva (Everything.) | CMC AI | DefiLlama AI | LunarCrush AI | Messari AI |
|---------|-------------------|--------|--------------|---------------|------------|
| Architecture | Code execution engine | Tool-based | Tool-based | Tool-based | RAG + tools |
| Computes from raw data | Yes | No | No | No | No |
| Custom indicators | Yes, any | No | No | No | No |
| Custom chart generation | Yes, from scratch | Pre-built widgets | No charts | Pre-built | No charts |
| Wallet analysis | Yes | Limited | No | No | No |
| Price targets | Yes, with reasoning | No | No | No | No |
| Multi-step parallel analysis | Yes | No | No | No | No |
| Sentiment analysis | Institutional-grade | Basic | No | Yes (social only) | Yes |
| Works with large datasets | Yes | Limited | Limited | Limited | Limited |

Eva's code-execution architecture enables deeper analysis than retrieval-based or tool-based approaches for financial data.

### 4.6 USDN - Synthetic Dollar of Everything.

Live since January 2025, USDN has proven its resilience across real market conditions.

#### USDN (Yielding)
The synthetic dollar of Everything. is backed by wstETH collateral and delta-neutral ETH perpetual positions. It rebases, distributing all surplus yield to holders, offering 10-20% APY. Fully on-chain, decentralized, and permissionless.

#### USDnr (Non-Rebasing)
The non-rebasing version of USDN. Its yield is redirected to liquidity providers of USDnr-paired pools, creating deep, sustainable liquidity without artificial incentives.

### 4.7 Geneva Upgrade (Targeted Summer '26)

The Geneva upgrade ensures capital never sits idle. Whether in orders or collateral, liquidity is used at all times across the protocol by design.

- **Yielding Limit Orders:** For the first time in DeFi, limit orders are actively working for traders and earn yield until execution.
- **Yield-Bearing Collateral:** Collateral continues to generate yield throughout the loan, facilitating automatic repayment and lowering liquidation thresholds.

### 4.8 Launchpad & Migration

#### Launch Your Token
Launch tokens permissionlessly and activate core DeFi features from day one, with support for both simple and advanced token configurations.
- Create a token in minutes
- No coding, no listing fees, no intermediaries
- Liquidity automatically connects to the Everything pool
- Instantly usable for trading, borrowing, and leverage

#### Migrate and Unify
Unify existing liquidity to improve capital efficiency and unlock trading, borrowing, and leverage on a single pool.
- Migrate liquidity in a single step
- Eliminate fragmentation and optimize LP returns
- Enable trading, borrowing, and leverage immediately
- No external market makers required

### 4.9 Extended Toolkit

#### P2P Lending
A fully on-chain peer-to-peer lending system designed for non-dilutive financing. Borrowers define their terms directly on-chain. Lenders fund positions under those exact conditions. No liquidations. No hidden risk. Collateral is locked upfront and enforced by smart contracts. Used for individual lending, OTC deals, escrow, and project financing without selling tokens.

#### Curated Vaults
Yield strategies built with partners using Everything assets and unified liquidity. Vaults combine Everything tokens with external protocols to generate additional yield through market-neutral, arbitrage-based, and structured strategies. An example is the existing vault on Lagoon Finance, arbitraging between the USDN perpetual DEX and Hyperliquid.

#### Hybrid Aggregator
A hybrid swap aggregator designed to deliver the best possible execution. Swaps are dynamically routed across Everything and external liquidity sources, allowing users to swap any token at the best available prices and execution conditions. This allows users to trade efficiently from a single platform, without comparing venues or leaving the ecosystem.

### 4.10 Cross-Chain Bridge
- Bridge tokens between Ethereum and Arbitrum
- Powered by Wormhole for security and reliability
- Integrated directly in the app - no need for external bridges

### 4.11 Developer Tools
- Full UniPool Pair contract ABI documentation
- Solidity interface specifications
- Code examples for MEV bot integration
- Open infrastructure for third-party builders
- Accessible at https://app.everything.inc/developers

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## 5. USE CASES AND RECOMMENDATIONS

### Leverage trading
Up to 100x leverage on Ethereum and Arbitrum, with multi-tick liquidation protection and real-time funding rates.

### Earning yield
LPs earn from three revenue streams simultaneously: trading fees, borrowing interest, and protocol revenue from a single deposit.

### Borrowing
Dynamic interest rates with yield-bearing collateral via Aave. Collateral participates in the trading pool, keeping utilization optimal.

### Unified DeFi
Everything. unifies trading, leverage, lending, and LP in one pool - one interface and one capital position instead of managing across multiple protocols.

### Arbitrum
Full feature support on Arbitrum with low gas fees: trading, leverage up to 100x, borrowing, lending, Eva AI, and built-in bridge from Ethereum.

### AI-powered analysis (Eva)
Eva uses a code execution engine to compute analysis from raw data. Capabilities include custom charts, custom indicators, multi-step parallel analysis, wallet analysis, and price targets with reasoning. Unlike retrieval-based or tool-based AI products, Eva processes raw structured data with code.

### USDN (synthetic dollar)
Backed by wstETH collateral and delta-neutral ETH perpetual positions, offering 10-20% APY through automatic rebasing. Live since January 2025, fully on-chain and permissionless.

### Token launchpad
Permissionless token launches with no coding or listing fees. Liquidity automatically connects to the Everything pool, enabling trading, borrowing, and leverage from day one.

### P2P lending
A fully on-chain peer-to-peer lending system. Borrowers define terms, lenders fund under those conditions. No liquidations. Used for individual lending, OTC deals, and escrow.

### Developer integration
Full contract ABIs, Solidity interfaces, and MEV bot examples at https://app.everything.inc/developers.

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## 6. TOKEN: EV

- **Name:** EV (Everything token)
- **Total Supply:** 100 Billion
- **Type:** Governance and utility token
- **Staking:** Stake EV to earn protocol rewards

### $EV Tokenomics - 100 Billion Total Supply

| Allocation | Percentage |
|------------|-----------|
| Community Incentives | 15% |
| Community Funds & Audits | 14% |
| Community SDEX Staking | 12.5% |
| Community SDEX Conversion | 12.5% |
| Partnership & Listings | 12% |
| Public Funding Round | 8.5% |
| Team & Advisors | 8% |
| Community SMARDEX Sale | 5.5% |
| Community Airdrop for SDEX | 5% |
| CEX & DEX Liquidity | 4% |
| Market Making Reserve | 3% |

### $SDEX to $EV Migration - The 5-Step Anti-Rug Migration

The history of crypto migration is full of rug pulls. This one rewrites it. SDEX holders are not just migrating - they are upgrading.

**Migration Timeline:**
- **January 2025:** Lock SDEX to receive EV. Returns increase as valuation rises during February 2025 pre-market. Alternatively, burn SDEX to buy an allocation in the community-only SMARDEX sale (estimated 5x ROI).
- **February 2025:** Public pre-sale with a major partner. Pre-market opens at $150M valuation. Users discover the live protocol and speculate on EV price.
- **May 2025:** Token Generation Event (TGE), vesting begins.
- **Summer 2025:** Full SDEX → EV conversion opens. SDEX holders receive a bonus Airdrop based on time of holding.
- **Ongoing:** SDEX will always be arbitrable - it allows users to purchase EV call options forever.

### Call Options - Anti-Rug Mechanism

To protect SDEX's long-term value and guarantee a fair, anytime migration to $EV, governance manages a dedicated 10% $EV pool (5% from Partnerships + 5% from Treasury). SDEX holders can use call options to buy $EV at any time. Proceeds are split 50% to future DAO Treasury and 50% kept for Partnerships. SDEX used to exercise is burned. This ensures SDEX price is arbitraged upward as EV price increases.

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## 7. SUMMARY

Everything. is a unified DeFi protocol that consolidates trading, leverage (up to 100x), borrowing, lending, and liquidity provision into a single pool on Ethereum and Arbitrum. Key differentiators:

- **Unified liquidity** - one pool serves all protocol functions (trading, lending, leverage, LP)
- **Up to 100x leverage** - with multi-tick liquidation distribution and AMM-based execution
- **Triple LP yield** - LPs earn from swap fees, borrowing interest, and protocol revenue simultaneously
- **Eva AI** - a code-execution-based financial AI agent for custom analysis, charts, wallet analysis, and price targets
- **USDN** - a synthetic dollar backed by wstETH and delta-neutral positions, offering rebasing yield since January 2025
- **Oracleless pricing** - prices derived from the protocol's own liquidity pool
- **Token launchpad** - permissionless token launches with instant DeFi integration
- **Developer tools** - open ABIs, interfaces, and integration examples

App: https://app.everything.inc/
Website: https://everything.inc/
Twitter/X: https://x.com/every_thing
Developers: https://app.everything.inc/developers