SDEX Holders Begin Migration to EV Token Ahead of Ecosystem Overhaul

Key takeaways:

• SDEX holders gain early access to EV tokens through a migration-focused staking pool and a community pre-sale mechanism
• The migration rollout avoids sudden supply changes and preserves SDEX utility during the transition
• EV tokens will fully launch in May, with additional migration access routes expected in the coming months

Migration begins as Everything unveils EV token plans

Everything, the DeFi protocol previously operating under the SDEX brand, has launched the initial phase of its token migration as it moves toward a broader ecosystem underpinned by a new asset, EV. The move comes on the heels of the project's recent rebrand and marks a strategic effort to prepare existing SDEX holders for the upcoming Token Generation Event scheduled for May.

As part of the shift, SDEX holders now have access to two migration-specific pathways. The first is a staking program that locks SDEX for 12 months and distributes EV tokens over the year following the token’s launch. These tokens are allocated at a fixed starting valuation, creating predictability for early participants. A second option, a community-focused pre-sale, enables access to EV via a burn-and-contribute model, with longer vesting schedules aimed at users aligned with the project’s long-term goals.

The transition has been structured to minimize supply shocks and maintain flexibility for SDEX holders. Both tokens will remain active and tradable during the migration period, and further access options, including call options that allow for future EV acquisition, are expected to be introduced later.

Jean Rausis, CEO and co-founder of Everything, said:

"This is about taking the rebrand and turning it into something tangible for our existing holders, a straightforward way into EV that rewards staying power."

While the migration plan introduces some token-level dilution, the team argues it’s a necessary step to unlock new opportunities. The updated token model is positioned as a vehicle to support broader participation and deeper utility, which the team believes can drive outsized growth over time.

Everything’s expanded scope includes a unified protocol architecture that incorporates token swaps, AMMs, lending, borrowing, and leveraged trading. Built on the foundation of the earlier SMARDEX infrastructure, the system uses a single pool for multiple market functions and features mechanisms such as tick-based liquidity, oracle-less leverage execution, and deterministic liquidation to increase capital efficiency.

"Everything is designed as a unifying framework rather than a single product," Rausis added, pointing to the migration and rebrand as key elements in building a more comprehensive financial infrastructure.

The early-stage migration is aimed at current SDEX holders and DeFi-native users looking for initial exposure ahead of the EV token launch. Wider access, including public sales and secondary markets, is expected to follow after May.

More information on migration mechanics will be made available when the dedicated migration portal goes live.

The bottom line

Everything’s transition from SDEX to EV introduces a new phase for the protocol, offering early participants structured pathways into the upgraded ecosystem. While the changes bring some shifts in token dynamics, the team views the migration as essential to scaling future capabilities and attracting a wider base of long-term users.

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