On-Chain Settlement/Custody

How Everstrike custody works, how funds are categorized, and who pays gas.

User funds remain on-chain in Everstrike smart contracts. The contracts categorize funds by their available use.

Fund categories

Category	Available use
Free funds	Trading and redemptions.
Locked funds	Margin for open positions and orders.
Staked funds	Minting evUSD, Everstrike's internal stablecoin.
Deposited funds	Withdrawals and staking. Deposited funds cannot mint evUSD directly.

Fund lifecycle

Deposited funds can be withdrawn or staked. Staked funds can mint evUSD. Open orders and positions use locked funds as margin.

See How to deposit, withdraw, and stake on Everstrike for the operational flows.

Gas fees

Operation	Gas payer
Deposit	You
Stake	You
Withdraw	You
Mint	Everstrike
Redeem (unstake)	Everstrike

You need gas funds in your wallet for deposits, staking, and withdrawals.