Minting

Minting is Everstrike's built-in way of converting USDT to evUSD (the universal collateral asset and native stablecoin of Everstrike).

Minting is useful when you want to convert USDT that you have deposited through Everstrike's DEX mode to evUSD.

Minting is near-instant (completion time < 1 min), and carries no fees or execution costs. This makes it a cost-friendly alternative to buying evUSD directly on spot markets.

How can I mint evUSD?

To mint evUSD, you must have a DEX mode balance of at least 0.1 USDT, and you must have a (primary) wallet connected to Everstrike.

For step-by-step instructions (with pictures), refer to How to Deposit, Withdraw and Stake On Everstrike.

What is the purpose of minting?

To convert USDT to Everstrike's native stablecoin (evUSD).

How long does minting take?

Minting takes less than 1 minute.

What is the alternative to minting?

Using one of Everstrike's spot markets (such as USD/USDT), or using Everstrike in CEX mode.

Which assets are supported for minting?

Currently, only USDT-evUSD conversions are supported.

In the future, Everstrike plans to support other conversions, such as USDC-evUSD and DAI-evUSD.