What is Everstrat?
A plain-language introduction to Everstrat, EVE, and the deposit and redemption loop.
Testing phase — treat as a test protocol
Everstrat is deployed on Ethereum mainnet (chain id 1), but it is in a testing phase. Entry is invite-gated, the software is experimental and unaudited, and deposits are real ETH at real risk. Do not deposit more than you can afford to lose entirely.
Everstrat lets you deposit ETH and receive EVE, a token representing your share of a managed, on-chain strategy portfolio. Keepers coordinate routine strategy operations. Governance controls which strategies are registered and how they are configured.
EVE's value tracks the portfolio's net asset value (NAV). Strategies can earn or lose value; there is no promised return. To exit, you redeem EVE for ETH through the protocol's native market. Redemption depends on pause state, available valuation, liquidity, and queue conditions.
The core loop
Deposit ETH and mint EVE. The app estimates how much EVE your deposit will receive at the entry price. You review the amount, slippage, and risks before confirming in your wallet.
Hold EVE. Its underlying value changes with the strategy portfolio. You can review your position and pending redemptions on Portfolio, activity in the wallet account dialog, and protocol information on Metrics.
Redeem EVE for ETH. At the dated snapshot, new exits queue. The AMM holds your EVE in escrow while the request is pending. After processing, you submit a separate Claim transaction to withdraw credited ETH. The redemption queue has the full rules.
Naming
The product is Everstrat, and its share token's symbol is EVE. The deployed mainnet token
reports the name Everstrat. The older name Everything Strategy remains in infrastructure
identifiers such as the Goldsky subgraph slug everything-strategy-mainnet.
See EVE contract reference for implementation and deployment details.
Risks and limits
EVE is not a stablecoin, a fixed-APY product, or a guarantee of principal protection. Funds are held in protocol contracts and managed strategies, with privileged roles and upgradeable components. There is no insurance protecting deposits. Keepers, liquidity, and valuation availability affect redemptions.
Read Key risks, Trust & governance, and the Risk Disclosure before using the app.
Where to go next
- Learn the vocabulary in Core concepts.
- Check prerequisites in Before you start.
- Explore the mechanics in How Everstrat Works.
- Find source repositories in Contributing.
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