> For the complete documentation index, see [llms.txt](https://references.everstrike.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://references.everstrike.io/account/how-to-deposit-withdraw-and-stake-on-everstrike.md). # How to deposit, withdraw, and stake on Everstrike Use this guide to move funds in and out of Everstrike in **DEX mode**. Everstrike supports five wallet operations: * **Deposit** * **Withdraw** * **Stake** * **Mint** * **Redeem** **Deposit** and **Withdraw** move funds between your wallet and Everstrike. **Stake**, **Mint**, and **Redeem** convert between `USDC` and `evUSD`. Everstrike currently uses `evUSD` as trading collateral. To start trading, you deposit `USDC`, stake it, then mint `evUSD`. Before you start, complete [How to start trading on Everstrike](/trading/how-to-start-trading-on-everstrike.md). You need an account, a connected wallet, and a confirmed wallet address. ### Before you start Make sure you have: * A connected wallet. * A wallet on a [supported network](/account/supported-networks-and-stablecoins.md). * Enough gas funds for blockchain transactions. {% hint style="warning" %} Deposits only support `USDC` right now. Keep at least `0.2 USDC` in your wallet to complete the deposit flow. {% endhint %} ### Deposit `USDC` Depositing is a two-step flow: 1. Approve the amount. 2. Submit the actual deposit. Only approve the amount you want to deposit. If you want to deposit `10 USDC`, approve `10 USDC`. {% stepper %} {% step %} ### Open the Portfolio Overview Make sure your wallet is connected and on a supported network. ![](https://downloads.intercomcdn.com/i/o/czjqjdtg/1366818096/a5c9b273450e2b8abcf111de48ba/Screenshot+from+2025-02-05+18-12-35.png?expires=1740463200\&signature=8a32d70657faed191f247a2987390d030317464d029d09d7aa16bc3a94183aa1\&req=dSMhEMF%2FlYFWX%2FMW3nq%2BgTBqXtLi4RdEnAPDdiNOuV7KJlJRfYj%2BUn5MnYBd%0AELn%2Bgc6ZM3bG1AMfwF%2Bv6lkHtuQ%3D%0A) {% endstep %} {% step %} ### Start the approval Click **Deposit** next to `USDC`, then enter the amount. ![](https://downloads.intercomcdn.com/i/o/czjqjdtg/1366818709/84ef3cc520b3e4600485c7baaac4/Screenshot+from+2025-02-05+18-13-10.png?expires=1740463200\&signature=a13256e9b7e398e6d9366c5cd159fa7e78cabc08018df389e5239f1af441e9c8\&req=dSMhEMF%2FlYZfUPMW3nq%2BgXVuD%2F5mtqdkY0jgR%2FTTPQIMwvruW8tH7VwU%2Bksb%0A6zUBl%2FHCltfpszzaR2au1ObEOmg%3D%0A) {% endstep %} {% step %} ### Confirm the spending cap Approve the spending cap request in your wallet. This lets the Everstrike smart contract draw the approved `USDC` amount. ![](https://downloads.intercomcdn.com/i/o/czjqjdtg/1366820361/b90e376efd3cac493af5d5831656/Screenshot+from+2025-02-05+18-14-09.png?expires=1740463200\&signature=cb371f7540ef8e60d2b2c0105ad0e25e76d5dd1fc13f714dd9c0211c793c9802\&req=dSMhEMF8nYJZWPMW3nq%2BgdmOQjaccMxN8%2Ffv4e5O866piBX8NS%2BFGWpHL%2FT4%0Agwl9GECVCr3i%2BB6a%2FQzrAufjQUM%3D%0A) {% endstep %} {% step %} ### Wait for the approval transaction Wait for the approval transaction to be mined. ![](https://downloads.intercomcdn.com/i/o/czjqjdtg/1366821226/a289794489e73caf2038dc71a47b/Screenshot+from+2025-02-05+18-14-41.png?expires=1740463200\&signature=6f16990024fa910726859ce161ca894d33f56221bcc6528fe85329befeaeef39\&req=dSMhEMF8nINdX%2FMW3nq%2BgauvAk7XEU0KfYwa3Xn%2FXd%2BvC%2BmtG%2F1Gk0WoAkBV%0ALqs1y4fnSmjefZuxxNoEAGY4oDM%3D%0A) {% endstep %} {% step %} ### Submit the deposit Click **Deposit** again. Enter the same amount you approved earlier. This second transaction moves the funds into Everstrike. ![](https://downloads.intercomcdn.com/i/o/czjqjdtg/1366821793/e9b4b6a8dcba9e1b2152c6445d9d/Screenshot+from+2025-02-05+18-15-07.png?expires=1740463200\&signature=6c986f1e3ae1e6dcd08713f0baefdb13077b7d0bb260d9a5a39758e98967a985\&req=dSMhEMF8nIZWWvMW3nq%2BgaBOuTAHeO%2FkxbTjmg6OoeujXBwOJ6%2F16BHJ%2BPKl%0AhWocBH4HYPuA5CoPJjZeWwmV8qs%3D%0A) {% endstep %} {% step %} ### Confirm the deposit transaction Confirm the transaction in your wallet. ![](https://downloads.intercomcdn.com/i/o/czjqjdtg/1366822475/966a2b9987ad25cc0c2796678195/Screenshot+from+2025-02-05+18-15-31.png?expires=1740463200\&signature=c8f189c4dfb5ccf5e4221d48577692b3688f9f17b03f89c88fa9f457d7924a31\&req=dSMhEMF8n4VYXPMW3nq%2BgX5U%2FqRE0Bgmb9Uufscfsj2wS6bCvfMXgls2szAy%0A531GKeF20hq9Pmx8J%2BvWKXWlcTY%3D%0A) {% endstep %} {% step %} ### Wait for the deposit transaction Wait for the deposit transaction to be mined. ![](https://downloads.intercomcdn.com/i/o/czjqjdtg/1366823727/90925eaeab11121704f40cb97c4e/Screenshot+from+2025-02-05+18-16-23.png?expires=1740463200\&signature=2df17b85ee6d36671d4508c4ac6bac56f3f3815b76332d3e349e6ee03edfa732\&req=dSMhEMF8noZdXvMW3nq%2BgSjpjvjp5Esw4unIUvXJbAiWHX8puud5ZTg9cwJP%0A6pXM%2BDRuLoVb5afoghO6%2FNQ0lgQ%3D%0A) {% endstep %} {% step %} ### Check your deposited balance After confirmation, the balance appears in the **Deposited** row next to `USDC`. It can take a few minutes to update because Everstrike waits for enough confirmations. ![](https://downloads.intercomcdn.com/i/o/czjqjdtg/1366848707/fa8b0a3e2170bc07319e9fac57a9/Screenshot+from+2025-02-05+18-16-51.png?expires=1740463200\&signature=d6f8e9aab24ab3d069754de0dd9cb0f33bdcc17227a8050c048eed03a1076a45\&req=dSMhEMF6lYZfXvMW3nq%2BgVIlTNSnK9XQ3JxHOsLwIQJXNl2AoGrZHKNhRsrv%0A%2B9SEPyljrl0zb752sYB35VOa1Ok%3D%0A) {% endstep %} {% endstepper %} ### Withdraw `USDC` Withdrawing is a single transaction. {% stepper %} {% step %} ### Enter the withdrawal amount Click **Withdraw** next to `USDC`, then enter the amount. ![](https://downloads.intercomcdn.com/i/o/czjqjdtg/1366825475/394ca0b9b32cb553a7c73db2668d/Screenshot+from+2025-02-05+18-17-22.png?expires=1740463200\&signature=883053fadf7ac7cd484ca523e644a4a567d3d5ab1d8311a772f426f199857993\&req=dSMhEMF8mIVYXPMW3nq%2BgcmFYClX0vDra%2B6NpcWoSmqdw0awfMQiOonRCEnd%0A7t95aicqGDeSPN9xOdCF%2BPeB1vc%3D%0A) {% endstep %} {% step %} ### Confirm the transaction Confirm the withdrawal in your wallet. ![](https://downloads.intercomcdn.com/i/o/czjqjdtg/1366826039/504cd1be52c3df33030a95db0de7/Screenshot+from+2025-02-05+18-17-45.png?expires=1740463200\&signature=7146d2c8eed0314f1b22fffa65929b9c790276ab54dbbaa27ab86b498291d10a\&req=dSMhEMF8m4FcUPMW3nq%2BgWCMpxoiVegGYL%2Fuv3NbylWwIG3oeuE82uf9tn4k%0A7ziY2GFMd8RbFzpQX4K%2B0CaKiIM%3D%0A) {% endstep %} {% step %} ### Wait for final confirmation Wait for the transaction to be mined. ![](https://downloads.intercomcdn.com/i/o/czjqjdtg/1366828763/3547c10e86527c91ecbf67ab432c/Screenshot+from+2025-02-05+18-19-31.png?expires=1740463200\&signature=83c6ff3e06a3cb2c91fcf556e53636d3cdbc6f77cbafb7e0d1c42a0195c3e295\&req=dSMhEMF8lYZZWvMW3nq%2BgTt0u5NEk9p5zw9%2BYIjJH5%2FSarVVU3Y48AMPpphw%0ABfpHfWPo3xR70vObPvJD02eXzCs%3D%0A) {% endstep %} {% endstepper %} ### Stake `USDC` Staking converts deposited `USDC` into a staked balance that can back `evUSD`. After you stake, you can mint `evUSD`. When you later redeem `evUSD`, the related `USDC` becomes unstaked. This can take up to 24 hours, but it is usually instant. #### Why does Everstrike use `evUSD`? Everstrike uses one collateral asset across the platform. This keeps the collateral system simpler than portfolio margining and makes it easier to support more deposit assets over time. The tradeoff is one extra conversion step before trading. {% stepper %} {% step %} ### Enter the amount to stake Make sure you already deposited `USDC`. Click **Stake** next to `USDC`, then enter the amount. ![](https://downloads.intercomcdn.com/i/o/czjqjdtg/1366829457/68ec0f48b3a18ce7e066f6032820/Screenshot+from+2025-02-05+18-19-53.png?expires=1740463200\&signature=af71d9f191b473970e457a38bfd0c222e489cbfad512dfb17e1abd75a68e3b4c\&req=dSMhEMF8lIVaXvMW3nq%2Bgazd2HPZdJvYxQN90oHl%2Fs6md60k8bnyCGY8p5nm%0A7cndk4Ic9xIGuJxwshv1%2FDZi6Vs%3D%0A) {% endstep %} {% step %} ### Confirm the staking transaction Confirm the transaction in your wallet. ![](https://downloads.intercomcdn.com/i/o/czjqjdtg/1366830108/d0ab65d4ab9134016bd203d3a47f/Screenshot+from+2025-02-05+18-20-24.png?expires=1740463200\&signature=c13acc824ea2500d2ab4bc9ddad983a8d18ac0962aa2d872e132a208abc942af\&req=dSMhEMF9nYBfUfMW3nq%2BgUHSfBt84tMoQS8JTBh6v1miYXngzyVzE0MjnO2F%0A0jkXveeK9Fdz%2BzF4ABvfhUmFgRc%3D%0A) {% endstep %} {% step %} ### Wait for confirmation Wait for the staking transaction to be mined. ![](https://downloads.intercomcdn.com/i/o/czjqjdtg/1366830803/91695dcdf379f0f6ce95bdc1e248/Screenshot+from+2025-02-05+18-20-51.png?expires=1740463200\&signature=adcb5bd517e57c367cb067ca68e0a291c3896925525d7cb569db2f68a1d8a436\&req=dSMhEMF9nYlfWvMW3nq%2BgZBzgiHd3KvfERY96YbRqcGNUYVMU4tfzyu%2Bvdkl%0AMs4UthR40%2BJHAmlysIq0FSDUvyU%3D%0A) {% endstep %} {% step %} ### Check that minting is available Once staking completes, **Mint** becomes available next to `evUSD`. ![](https://downloads.intercomcdn.com/i/o/czjqjdtg/1366850346/edc60e40d3fa9a8e0d619661dca6/Screenshot+from+2025-02-05+18-21-29.png?expires=1740463200\&signature=b5e26d271420b92ed925942d3200b1a55401bc5c4d5db7bf530a10f2f402d2e5\&req=dSMhEMF7nYJbX%2FMW3nq%2Bga69Em68DcQTKX6qDpWPfhF4hjeT5%2FawoSpys5IW%0AQe3Z3qq4hQQ6sIKEk7%2Fj9%2B5Oaqk%3D%0A) {% endstep %} {% endstepper %} ### Mint `evUSD` After staking `USDC`, you can mint `evUSD`. You need `evUSD` to trade on Everstrike. Click **Mint** next to `evUSD` to start the minting process. Minting usually completes in 2 to 5 seconds. ![](https://downloads.intercomcdn.com/i/o/czjqjdtg/1366850808/527726fdf1f0f5c405082dd2eb0a/Screenshot+from+2025-02-05+18-21-29.png?expires=1740463200\&signature=732a03446d26b04ab6f8629e93a7d0b69adb03e197321f832549b9cef478fb04\&req=dSMhEMF7nYlfUfMW3nq%2Bgc1hw%2BZosubOyrKlL95Ow5TbC3pkJDJXKf28%2Ff5%2B%0AjYgA7SrLkGLjrq9vfpGqowWPV94%3D%0A) After minting, your `evUSD` balance updates. ![](https://downloads.intercomcdn.com/i/o/czjqjdtg/1366853268/e9f3079d9b2b924238fa1d04cef5/Screenshot+from+2025-02-05+18-22-33.png?expires=1740463200\&signature=f5877c34730f7d489a5bdd5bb842c95ca91f1072e8923506968899b14172522d\&req=dSMhEMF7noNZUfMW3nq%2BgZONhtIqUIkuHkVs6B9h%2BEE%2Fpp6eYAaKUigWmpDk%0AHabcPUx2JBwkZzjVrkHpfDUyJaQ%3D%0A) ### Redeem `evUSD` Use **Redeem** to convert `evUSD` back to `USDC`. Click **Redeem** next to `evUSD`, enter the amount, then confirm. Redemptions can take up to 24 hours, but they are usually instant. ![](https://downloads.intercomcdn.com/i/o/czjqjdtg/1366834185/b35e322197a4f1fa9afc62b68693/Screenshot+from+2025-02-05+18-23-00.png?expires=1740463200\&signature=dd637b7a957608439826795de72d82926edaa570ecf1cf27eb36d48e66c89dfe\&req=dSMhEMF9mYBXXPMW3nq%2BgUq3jxohcYQKtaGTnuD2pvq0%2BEzKQn9N8Lf5obd0%0AlJiHuv2lFL8eBbzpJ%2FW6rOTEg5Q%3D%0A) After redemption, your `USDC` balance updates. ![](https://downloads.intercomcdn.com/i/o/czjqjdtg/1366859155/dffa8c82c7039b720c2331a1dfb9/Screenshot+from+2025-02-05+18-23-24%282%29.png?expires=1740463200\&signature=063f349f004aab29020c8c9d5de1cfb4b8da797e3ef7f0bf8425522348c179c4\&req=dSMhEMF7lIBaXPMW3nq%2BgYfzTn6yv0MQv2mmX%2FdRQJVxUjx7rxTiphuVyiH5%0ALQcRMOicDG0zD80BaVxoDV8hh4Y%3D%0A) ### Next step Once you have `evUSD`, you can start trading. If you have not finished account setup yet, go back to [How to start trading on Everstrike](/trading/how-to-start-trading-on-everstrike.md).