On-Chain Settlement/Custody

User funds remain on-chain at all times, within the Everstrike smart contracts. Funds within the contracts are divided into four categories:

Free Funds Free funds can be used for trading and redemptions.

Locked Funds Locked funds are used as margin for open positions and orders.

Staked Funds Staked funds can be used to mint Everstrike USD (the internal stablecoin of Everstrike).

Deposited Funds Deposited funds cannot be used for minting, but may be used for withdrawals and staking.

The user pays a gas fee for the following operations:

• Deposit

• Stake

• Withdraw

Everstrike covers the gas fee for:

• Mint

• Redeem (Unstake)