Everything Protocol Solves DeFi by Deleting the Price Oracle, the Part Attackers Keep Breaking
Everything Protocol publishes its whitepaper, setting out one reserve that prices swaps, backs loans and leverage and supports limit orders without an oracle.
Everything Protocol aims to solve the DeFi problem of fragmented liquidity by removing the need for external price oracles. The current average protocol holds around $9.5 million in liquidity, which is insufficient to handle serious trades, liquidations, or attacks. The whitepaper proposes collapsing trading, lending, leverage, and limit orders into a single reserve per token pair, allowing the same liquidity to price swaps, back loans, support leveraged positions, and manage resting orders simultaneously.
This design aims to eliminate the reliance on vulnerable and fragmented integrations that have been a source of numerous attacks throughout the DeFi sector.
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