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Redemption is Everstrike’s built-in mechanism for converting evUSD back into USDC. When you are ready to withdraw funds from DEX mode, redeeming gives you a predictable, low-cost way to obtain withdrawable USDC without needing to execute a spot trade. Most redemptions complete in under a minute.

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How to Redeem

To start a redemption, you must have at least 0.2 evUSD in your account and a confirmed primary wallet connected to Everstrike.
1

Open Portfolio Overview

Navigate to Portfolio Overview in the Everstrike app.
2

Click Redeem

Click Redeem next to the evUSD row in your portfolio.
3

Enter the amount and confirm

Enter the amount of evUSD you want to convert to USDC, then confirm. You will receive USDC to your primary wallet once the redemption processes.

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Timing

Most redemptions complete in under one minute. In some circumstances, a redemption may take up to 24 hours. No action is required on your part while you wait — Everstrike processes redemptions automatically.

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Fees

Each redemption carries a flat fee of 0.1 USD. There are no execution costs, slippage, or market-impact charges. This makes redemptions more cost-predictable than trading evUSD for USDC on spot markets.

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Supported Assets

Currently, redemptions support evUSD → USDC conversions only. Support for evUSD → USDT and evUSD → DAI conversions is planned for a future release.

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Alternatives

If you prefer not to redeem directly, you have two alternatives:
  • Spot trading — Sell evUSD for USDC (or another stablecoin) using the USD/USDC spot market on Everstrike.
  • CEX mode — In CEX mode, you can withdraw directly in USDT, USDC, BUSD, or DAI without a separate redemption step.