> ## Documentation Index > Fetch the complete documentation index at: https://docs.everstrike.io/llms.txt > Use this file to discover all available pages before exploring further. # How to Deposit, Withdraw, and Stake on Everstrike > Step-by-step guide to the five DEX-mode wallet operations on Everstrike: Deposit USDC, Withdraw, Stake, Mint evUSD, and Redeem back to USDC. Everstrike supports five wallet operations that let you move funds in and out of the platform and convert between USDC and evUSD. **Deposit** and **Withdraw** transfer funds between your external wallet and Everstrike. **Stake**, **Mint**, and **Redeem** handle the conversion between USDC and evUSD, the stablecoin Everstrike uses as trading collateral across all markets. This guide covers each operation in order: deposit first, then stake, mint, and finally redeem when you are ready to exit. > [!NOTE] > > 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](https://docs.everstrike.io/trading/how-to-start-trading-on-everstrike.md). You need: > > * A connected and confirmed wallet > * Your wallet set to a [supported network](https://docs.everstrike.io/account/supported-networks-and-stablecoins.md) (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 > > Currently, only USDC deposits are supported. ## 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](#mint-evusd) below). ![A deposit: approve, deposit, confirmations, evUSD minted](https://mintcdn.com/everstrike-50e7a7f9/2qtJozkzDkOYul4J/images/help/deposit-flow.png?fit=max\&auto=format\&n=2qtJozkzDkOYul4J\&q=85\&s=6a9eeb1acff0ce9b55b44b89bc654f44) 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. > [!NOTE] > > **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. > [!TIP] > > If you want to exit your position immediately, you can also trade evUSD for USDC directly through one of Everstrike's [spot markets](https://app.everstrike.io/app/markets) without going through the redemption queue. This documentation is built and hosted on [Mintlify](https://mintlify.com), a developer documentation platform.