> 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/announcements/frequently-asked-questions.md).

# Frequently Asked Questions

### Markets and trading

#### What can I trade on Everstrike?

Everstrike supports spot, perpetual futures, and perpetual options.

Perpetual volatility indices and perpetual variance swaps are planned for 2027. Follow [X](https://x.com/everstrike_dex) or [Telegram](https://t.me/everstrike_dex) for updates.

#### Is Everstrike order book-based?

Yes. Everstrike is a hybrid DEX with an off-chain orderbook and on-chain custody/settlement.

Read about the [technical architecture](/technical-architecture.md).

#### Is Everstrike live?

Yes. Everstrike Mainnet launched in March 2025. [Start trading](https://app.everstrike.io/app/trade).

Try [demo mode](https://app.testnet.everstrike.io/app/trade?throwaway=true) before depositing mainnet funds.

### Testnet

#### What can I do on the testnet?

Use the testnet to test and practise trading strategies.

#### Are testnet funds real?

No. The $20,000 USD in your testnet account is for demonstration only.

### APIs and data

#### Is there an API?

Yes. Everstrike provides:

* [REST API](https://docs.testnet.everstrike.io/)
* [WebSocket API](https://everstrikeio.github.io/everstrike-websockets-api/)

#### How can I access historical trade data?

Use the [`/trades` endpoint](https://docs.testnet.everstrike.io/#tag/Public/operation/trades) for historical trades. The REST API also provides historical OHLCV data.

See the [REST API documentation](https://docs.testnet.everstrike.io/) for endpoint details.

### Liquidity

#### How can I provide liquidity?

The [Everstrike APIs](https://docs.testnet.everstrike.io/) are open to everyone. Use them to run your own market-making strategy.

You can also use the open-source [market-making bot](https://github.com/everstrikeio/market_maker).

#### What is the Everstrike Perpetual Vault?

The Everstrike Perpetual Vault is Everstrike's official liquidity-provider vault. It offers direct, non-programmatic liquidity provisioning and powers [evUSD](/account/evusd.md), Everstrike's native stablecoin.

Learn more about the [Perpetual Vault](/trading/perpetual-vault.md).

### Account access

#### Can I use Everstrike without a wallet?

Yes. Everstrike supports DEX mode and CEX mode.

In CEX mode, Everstrike creates and manages a wallet for you. A wallet connection is not required.

See [DEX Mode vs. CEX Mode](/account/dex-mode-vs.-cex-mode.md).

### Announcements

#### Are competitions or airdrops running now?

No events are currently running. Upcoming events are announced on [X](https://x.com/everstrike_dex) and [Telegram](https://t.me/everstrike_dex).