This guide covers DEX mode only. Before starting, make sure you have completed account setup and wallet confirmation as described in Get Started Trading on Everstrike. You need:
- A connected and confirmed wallet
- Your wallet set to a supported network (Arbitrum One, Base, Ethereum, or Binance Smart Chain)
- Enough native token in your wallet to cover gas fees
- At least 0.2 USDC in your wallet to complete the deposit flow
Deposit USDC
Depositing is a two-step flow: first approve the spending cap, then submit the actual deposit transaction. The deposit transaction also stakes your USDC, and Everstrike then mints evUSD automatically, so after a deposit there is usually nothing left to do before trading. Only approve the exact amount you intend to deposit. If you want to deposit 10 USDC, set the spending cap to 10 USDC.1
Open the Portfolio Overview
Log in to Everstrike and navigate to the Portfolio view.Confirm that your wallet is connected and that the network shown matches a supported network.
2
Start the approval
Click Deposit next to
USDC, then enter the amount you want to deposit.This opens the approval flow, which authorises the Everstrike smart contract to draw the specified amount from your wallet.3
Confirm the spending cap
Your wallet shows a spending cap approval request. Review the amount carefully, then approve it.The spending cap permits the Everstrike smart contract to transfer up to that amount of USDC on your behalf. Set it to exactly the amount you are depositing, no more.
4
Wait for the approval transaction
Wait for the approval transaction to be confirmed on-chain. This usually takes a few seconds depending on network congestion.Everstrike shows the transaction’s status as it goes: waiting for your signature, sent to the network, and confirming, with a live block count and an estimate of the time left. You can close the status window; the transaction keeps going and a pill in the corner tracks it.
5
Submit the deposit
Once the approval transaction confirms, click Deposit again.Enter the same amount you approved in the previous step. This second transaction is the actual deposit: it transfers the USDC into Everstrike.
6
Confirm the deposit transaction
Your wallet prompts you to confirm the deposit transaction. Review the details, then confirm.
7
Wait for the deposit transaction
Wait for the deposit transaction to be mined. The time varies by network.
8
Let the mint finish
Once the deposit has enough block confirmations, Everstrike requests the evUSD mint for you. The status pill shows “Minting your USD…” until it completes, and this continues even if you leave the page or reload.When it finishes, your
evUSD balance updates in the Portfolio Overview and you can start trading. If the mint does not go through, use Mint next to evUSD (see Mint evUSD below).
A deposit from start to finish.
Withdraw USDC
Withdrawing is a single transaction that moves USDC from Everstrike back to your wallet.1
Enter the withdrawal amount
In the Portfolio Overview, click Withdraw next to
USDC.Enter the amount you want to withdraw to your wallet.2
Confirm the transaction
Your wallet shows the withdrawal transaction. Review the details, then confirm it.
3
Wait for final confirmation
Wait for the transaction to be confirmed. The same status window follows it, and once confirmed the USDC appears in your external wallet.
Stake USDC
Staking converts your deposited USDC into a staked balance that backs evUSD. You must stake before you can mint evUSD. A deposit made with Deposit is staked automatically; use Stake for USDC that is deposited but not yet staked. When you later redeem evUSD, the corresponding USDC becomes unstaked. This can take up to 24 hours, though it is usually instant.Why does Everstrike use evUSD instead of USDC directly? Everstrike uses a single collateral asset across the entire platform. This keeps the margining system simpler than portfolio margining and makes it easier to add more deposit assets over time. The trade-off is one extra conversion step before you can start trading.
1
Enter the amount to stake
Confirm that you have a deposited USDC balance in the Portfolio Overview.Click Stake next to
USDC and enter the amount you want to stake.2
Confirm the staking transaction
Your wallet prompts you to confirm the staking transaction. Review and confirm it.
3
Wait for confirmation
Wait for the staking transaction to be mined. The Everstrike interface shows a pending indicator while it processes.
4
Check that minting is available
Once staking completes, the Mint button becomes active next to
evUSD in the Portfolio Overview.You are now ready to mint evUSD.Mint evUSD
After staking USDC, mint evUSD to fund your trading balance. Deposits mint automatically; use Mint for staked USDC that hasn’t been minted yet. Minting happens off-chain and usually completes in 2 to 5 seconds. Everstrike covers the gas cost for minting.1
Click Mint
In the Portfolio Overview, click Mint next to
evUSD.Enter the amount of evUSD you want to mint. The maximum is determined by your staked USDC balance.2
Confirm the mint request
Review the amount and confirm the minting request in the Everstrike interface.No wallet signature is required: Everstrike handles the on-chain operation and covers the gas fee.
3
Check your evUSD balance
Minting usually completes in 2 to 5 seconds. After it finishes, your
evUSD balance updates in the Portfolio Overview.You can now use evUSD as collateral for spot, perpetual futures, and perpetual options positions.Redeem evUSD
Use the Redeem operation to convert evUSD back to USDC when you want to withdraw from trading.1
Click Redeem
In the Portfolio Overview, click Redeem next to
evUSD.Enter the amount of evUSD you want to redeem.2
Confirm the redemption
Review the redemption details. Note that a 0.1 USD fee applies to each redemption.Confirm the redemption request in the Everstrike interface.
3
Wait for the redemption to complete
Redemptions can take up to 24 hours, but are usually processed instantly.Once complete, your USDC balance updates in the Portfolio Overview. The USDC remains in Everstrike as a deposited balance. Use the Withdraw operation to transfer it back to your external wallet.