Depositing & minting

For the short first-use walkthrough, see Your first deposit. This page explains what to review and how to interpret a deposit result.

Time flows from top to bottomEVE credited

Normal deposit after bootstrap. AMM validates access, pause state, and the minimum EVE output at the premium price. EVE is minted before ETH is forwarded to Controller; strategy deployment is a later keeper action.

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Understand the quoteCopy Anchor Link

Deposits mint EVE at the entry (premium) price. When the connector weight is below one, the entry price is higher than the base price used for redemption. An immediate round trip can therefore return less ETH, even before gas. The gap is not an entry fee paid to a fee recipient.

Review Fees & costs. Exact formulas, the connector weight, and a worked example live in Pricing & the bonding curve. EVE & NAV explains the accounting behind the quote.

Slippage protectionCopy Anchor Link

The estimated EVE output can change before confirmation. Max slippage sets a minimum acceptable EVE output (minTokensToMint). Leave it on Auto or enter a manual percentage. If the confirmed transaction cannot meet that minimum, it reverts rather than minting fewer tokens. A reverted transaction can still consume gas.

Deposit transaction statesCopy Anchor Link

• Before submission: check invite access, Ethereum mainnet, your ETH amount, and gas reserve. The first mint for a wallet/network requires the app's risk acknowledgment. Read the Risk Disclosure and continue only if both statements are true.
• Wallet confirmation: verify the AMM destination, ETH amount, and gas estimate. Native ETH minting does not require an ERC-20 EVE approval.
• Submitted: a transaction hash means the transaction was sent. Wait for its receipt to confirm success.
• Confirmed: EVE is minted and your wallet balance updates. Review the deposit on Portfolio. Indexed activity may take longer to update than current RPC balances.
• Cancelled or failed: declining a wallet prompt does not mint EVE. A reverted transaction does not complete the deposit; check the failure reason before resubmitting.

Common blockersCopy Anchor Link

• Invite access unavailable: finish the app's access flow; if required signing access is unavailable, wait rather than sending ETH directly to a contract.
• Insufficient ETH: reduce the deposit and retain enough ETH for gas.
• AMM paused or valuation unavailable: minting cannot proceed until the relevant condition is resolved. A quote shown earlier is not evidence that a new transaction can succeed.
• Quote moved beyond slippage: refresh and review the new output before deciding whether to retry.
• First deposit into a new deployment: the one-time bootstrap has additional conditions. See Bootstrap rules. These rules apply once, when a deployment initializes supply.

Next: Exiting & redeeming and Tracking your position.