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Minting converts your staked USDC into evUSD, Everstrike’s trading collateral. Once you have evUSD, you can open positions in DEX mode across spot, perpetual futures, and perpetual options markets. Minting completes in 2 to 5 seconds, and Everstrike covers the gas fee so you pay nothing extra for the conversion itself.
Depositing with Deposit mints for you. When you deposit USDC from Portfolio Overview, Everstrike deposits and stakes it in one transaction and then requests the mint automatically once the deposit has enough confirmations. This continues even if you leave the page or reload. Use the Mint button below for staked USDC that hasn’t been minted yet, or if the automatic mint didn’t go through.
USDC is deposited, minted into evUSD and redeemed back to USDCFrom USDC to evUSD and back

From USDC to evUSD and back.

Before You Start

Make sure you have all of the following in place before minting:
  • A confirmed wallet connected to Everstrike
  • Deposited USDC (on-chain deposit confirmed)
  • Staked USDC (staking transaction confirmed)
  • At least 0.2 USDC in your wallet to complete the deposit flow
  • Sufficient gas funds in your wallet for the deposit and staking transactions

How to Mint evUSD

1

Open Portfolio Overview

Navigate to Portfolio Overview in the Everstrike app.
2

Click Mint

Click Mint next to the evUSD row in your portfolio.
3

Enter the amount and confirm

Enter the amount of staked USDC you want to convert, then confirm the transaction. Your evUSD balance updates automatically once minting completes.

Timing and Fees

Minting typically completes in 2 to 5 seconds. Everstrike covers the gas fee for the minting transaction itself. You are responsible for gas fees on the preceding deposit and staking transactions. Minting is the only step that Everstrike subsidizes.

Supported Assets

Minting currently supports staked USDC to evUSD conversions only.

Converting evUSD Back to USDC

When you are ready to exit, use the Redeem button next to evUSD in Portfolio Overview. Redemptions are usually instant but can take up to 24 hours in some cases. See Redeeming evUSD for full details.