Everything Unveils SDEX-to-EV Token Migration Framework Ahead of May TGE

• During the rollout, two first paths will be introduced, both of which will be accessible just to members who already own SDEX and early participants.
• As part of the launch, holders of SDEX have the option to participate in a locked staking pool that is locked for a period of twelve months and provides EV tokens that vest over the course of the first year after the May token generation event.

After recently rebranding itself as Everything, the team behind the SDEX token made an announcement today on the next step of the shift that will take place inside its ecosystem. Before the EV Token Generation Event that is scheduled to take place in May, the upgrade makes it possible for holders of SDEX tokens to become participants in the EV token, by means of a migration framework that is both structured and long-term.

Considering that the rebranding of the protocol indicates a greater scope and extended long-term ambition for the ecosystem, the migration is the first significant milestone that has occurred since the rebranding. The purpose of the transition is to ensure that current participants continue to have access to the platform while simultaneously introducing a new token model that is intended to facilitate future development and additional use cases.

During the rollout, two first paths will be introduced, both of which will be accessible just to members who already own SDEX and early participants. Among these are a staking program that is centered on migration and a community pre-sale process that places more of an emphasis on long-term alignment than on short-term liquidity. It is planned that more access routes will be implemented at a later stage during the changeover phase.

As part of the launch, holders of SDEX have the option to participate in a locked staking pool that is locked for a period of twelve months and provides EV tokens that vest over the course of the first year after the May token generation event. The vesting period is set to the token’s beginning value at launch. Participants have the opportunity to acquire EV via a method that combines burn and contribution, with tokens vesting over a longer period of time. This is made possible by a distinct community pre-sale pool.

The migration has been planned in such a way as to prevent sudden shifts in supply while also ensuring that SDEX usefulness is maintained during the transition. Participants will be able to continue to be active, participate in trading both assets, and interact with the ecosystem as it develops thanks to the several acquisition pathways that are being offered. At a later point of the transition, the protocol will expose additional call option mechanisms, which will provide committed SDEX players with continued access to EV on terms that are more favorable.

The team frames the new token level as a method to unleash growth prospects that are not attainable without migration, despite the fact that the migration will result in some dilution for current holders at the individual token level. The overarching goal is to hasten the spread of the ecosystem, with the hope that the long-term growth would fast outstrip the relative dilution of ownership.

It was said by Rausis that “everything is designed as a unifying framework rather than a single product.” The relocation and rebranding of the company simultaneously, with the goal of producing the anticipated long-term value for participants throughout the ecosystem.

During the first phase, it is anticipated that current SDEX holders, early-stage players, and FinTech native investors who are looking for early exposure prior to the debut of the EV would be attracted. It is anticipated that, after the TGE, a series of broader involvement measures, such as public access and secondary market activity, would be gradually implemented. Additionally, once the migration page is made accessible to the general public, additional information will be sent.

Within a single smart contract architecture, Everything is a unified DeFi protocol that integrates taken swaps, Automated Market Making, lending, borrowing, and perpetual style trading. This is accomplished via the use of automated market making. The system, which was developed as an extension of the SMARDEX infrastructure, presents a consolidated liquidity model in which numerous market functions are powered by a single pool. A tick-based liquidity architecture, oracle-less leverage execution, and deterministic liquidation mechanisms are used by everything in order to enhance capital efficiency and decrease systemic risk. The protocol is intended to facilitate the formation of permissionless markets, provide multisource yield for liquidity providers, and serve as a basis for the development of simplified on-chain financial infrastructure. Through the implementation of a roadmap of features that increase the earning potential of collateral, orders, and pooled assets, Everything intends to improve the liquidity efficiency throughout the DeFi ecosystem.